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JK Cement targets Rs 250-300 crore in paint sales for FY25

The company anticipates a 6-8% growth in the cement sector

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JK Cement is set to prioritize the growth of its paints division, aiming for sales between Rs 250-300 crore for the fiscal year 2024-25. Anuj Khandelwal, the Business Head of the Grey Cement Division, emphasized the significant synergies with their existing white cement and putty businesses.

Headquartered in Kanpur, Uttar Pradesh, the company anticipates a 6-8% growth in the cement sector during the latter half of FY25 compared to FY24. As one of India’s leading grey cement producers and a global frontrunner in white cement, JK Cement is preparing for an uptick in demand.

Khandelwal noted that the industry has experienced flat growth over the past six months due to a high comparison base. However, he expects demand to rebound in the second half of FY25, projecting a 6-8% volume growth for JK Cement compared to FY24. If the industry sees a growth rate of 3-4% in FY25, JK Cement aims for a growth of 7-8%.

Brokerage firm Motilal Oswal has maintained its ‘buy’ rating on JK Cement, setting a target price of Rs 5,600 per share. The brokerage has also increased its EBITDA estimates for FY26 and FY27 by 3% and 7%, respectively, and anticipates a compound annual growth rate (CAGR) of 11% in consolidated revenue and 18% in EBITDA from FY24 to FY27. This positive outlook is attributed to JK Cement’s expanding operations, enhanced execution strategies, and cost reduction measures.

Currently, JK Cement’s market capitalization stands at approximately Rs 36,882.11 crore, with its shares increasing nearly 51% over the past year.

Concrete

Centre Defers Clearance for Limestone Mine Near Bustard Habitat

Panel seeks revised mining plan and safeguards for pipelines and wildlife

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The Centre has deferred environmental clearance for a proposed limestone mine near a Great Indian Bustard habitat in Ramgarh, Rajasthan’s Jaisalmer district. The critically endangered species has an estimated wild population of about 130 in India.

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Concrete

Telangana to Supply Subsidised Cement for Indiramma Houses

Poor families allotted Indiramma houses to receive cement at Rs. 230 per bag

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The Telangana government will supply cement at a subsidised price of Rs. 230 per 50-kg bag to poor and low-income families allotted Indiramma houses. The prevailing market price is between Rs. 310 and Rs. 320 per bag, the Assembly was informed on Thursday.

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Concrete

Cement Demand Strong As Prices Remain Stable

Volumes rise amid steady trade pricing and higher fuel costs

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Channel checks show cement demand remained healthy with volume growth estimated at six to seven per cent in July and August 2026. Trade prices were broadly stable while non-trade prices were volatile in the East, and attempted hikes were rolled back amid higher competition. Average fuel costs rose in August by five to nine per cent, lifting spot petcoke and coal prices.

All-India trade price remained flat month on month in August as increased rake supplies and competition offset early increases. Monsoon related demand softness limited sustained hikes and dealers indicated further attempts would depend on demand trends. Combined July and August volumes were estimated at six to seven per cent, supported by infrastructure spending while retail housing remained weather sensitive.

In the South, a Rs20 a bag hike in August did not hold and prices stayed flat month on month, while dealers planned Rs25 to Rs30 a bag from fifth September 2026 but with uncertain sustainability. In the East, trade prices were unchanged and non-trade prices corrected by Rs15 to Rs20 a bag amid weak construction in West Bengal, Jharkhand and Odisha.

The West remained most resilient on pricing and demand despite attempted hikes of Rs10 to Rs15 a bag, and Gujarat saw relatively better volumes in August. North and Central markets kept prices range bound as players focused on ramping up utilisation of new capacity, with schemes of up to Rs2 to Rs3 a bag used to meet month-end targets. Overall construction activity improved as the monsoon eased, aiding a pickup in several states.

Fuel cost pressures persisted, with South African coal at USD114 a t and petcoke around USD146 to USD147 a t in August, while spot imported petcoke and coal were higher. Imported coal consumption cost stood at Rs2.07 per Kcal and petcoke at USD2.11 per Kcal. Analysts estimate the all-India trade spread to decline by Rs90 to Rs100 a t quarter on quarter, weighing on near-term profitability and they prefer UltraTech Cement (UTCEM), JK Cement (JKCE) and Grasim Industries (GRASIM).

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