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Revenue
₹3,888 Cr
verified against source
Revenue YoY
11%
reported change
EBITDA
₹670 Cr
latest reported figure
Source
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record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
JK Cement reported Q4 FY26 revenue of ₹3,614 crore (+11% YoY), EBITDA of ₹670 crore (-9% YoY), and PAT of ₹345 crore (-17% YoY). EBITDA margin contracted 400 bps YoY to 18.5% due to cost inflation and higher employee expenses. Management guided for double-digit volume growth in FY27, targeting 2.5 million tons incremental volume, and expects industry demand growth of 6-8%. Capex for FY27 is guided at ₹3,500-4,000 crore, primarily for the Jaisalmer integrated plant (commissioning H1 FY28). Cost savings of ₹50/ton are targeted from green power and AFR. Risks include geopolitical cost pressures (fuel/diesel) and potential demand slowdown from housing deferrals.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects double-digit volume growth in FY27, with at least 2.5 million tons incremental volume from new capacities.
- Capex for FY27 guided at ₹3,500-4,000 crore, including normal capex and greenfield expansion at Jaisalmer.
- Cost savings of ₹50 per ton targeted in FY27, driven by green power and alternative fuel usage.
- Paint business expected to break even in FY27 with revenue of ₹500-550 crore.
Risks flagged
- Fuel and diesel price increases due to geopolitical tensions could add ₹150-200/ton cost pressure in Q1 FY27, with potential to rise further.
- Management acknowledged that geopolitical impact on businesses could lead to deferral of housing investments, potentially dampening demand.
- Analyst raised concerns about regulatory clearance issues in Punjab; management stated no issues foreseen but did not provide detailed assurance.
- Incentive income run-rate may be lower due to GST input credit issues and pending sanction letters for new units.
Key quotes
- We expect the market to grow say around 6 to 8%.
- We are confident that whatever we have planned for 2030 and we don't foresee any change in that plan.
- We are not dumping any material anywhere.
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