India · Delayed Price · Currency is INR J.K. Cement Earnings Call Transcripts
Fiscal Year 2026
-
Net sales and EBITDA saw strong double-digit growth both sequentially and year-over-year, driven by robust volume gains in Central India and successful expansion projects. Margins improved sequentially, and the company maintained its FY26 volume guidance, with further capacity additions and cost-saving initiatives underway.
-
Revenue and EBITDA grew 19% and 49% year-over-year in H1 FY2026, with strong volume growth and ongoing expansion projects. Pricing pressure and higher costs impacted margins, but guidance for 10% volume growth and major CapEx remains intact.
-
Net sales rose 19% year-over-year, with EBITDA up 41% and strong volume growth in Central and South regions. Major capacity expansions and acquisitions are on track, with FY26 volume guidance at 20 million tons and significant CapEx planned.
Fiscal Year 2025
-
Q4 saw strong sequential and year-over-year growth in sales and EBITDA, with margins improving and Central India driving volumes. Expansion projects remain on track, and FY 2026 guidance targets 20 million tons in grey cement and continued investment in premium and trade segments.
-
Q3 saw strong sequential growth in sales and EBITDA, though year-over-year figures declined. Central India drove volume growth, while white cement and paints segments faced margin pressure from competition. Saifco acquisition and ongoing CapEx signal continued expansion.
-
Q2 FY25 saw a decline in sales, EBITDA, and margins due to weak demand and one-time costs, with full-year grey cement growth now guided at 6-7%. Paint business is ramping up, cost-saving initiatives are underway, and major CapEx and expansion projects remain on track.
-
Q1 FY25 saw net sales of INR 2,555 crores, with EBITDA up 19% year-over-year but down sequentially. Grey cement volumes grew 6% YoY, while the paints business reported INR 57 crores turnover and a loss due to branding spend. Pricing pressure and higher costs are expected in Q2, with recovery anticipated from Q3.