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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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10 months ago

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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.

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Concrete

Star Cement launches ‘Star Smart Building Solutions’

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4 weeks ago

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June 17, 2025

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Star Cement has launched ‘Star Smart Building Solutions,’ a new initiative aimed at promoting sustainable construction practices, as per a recent news report. This venture introduces a range of eco-friendly products, including tile adhesives, tile cleaners and grouts, designed to enhance durability and reduce environmental impact. The company plans to expand this portfolio with additional value-added products in the near future. By focusing on sustainable materials and innovative building solutions, Star Cement aims to contribute to environmentally responsible construction and meet the evolving needs of modern infrastructure development.

Image source:https://www.starcement.co.in/

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Concrete

Nuvoco Vistas reports record quarterly EBITDA

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4 weeks ago

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June 17, 2025

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Nuvoco Vistas reported its highest-ever quarterly consolidated EBITDA of Rs.556 crore in Q4 FY25, with annual EBITDA at Rs.1,391 crore. Cement sales reached 19.4 MMT in FY25, with Q4 contributing 5.7 MMT. Revenue rose 4 per cent YoY to Rs.3,042 crore in Q4. Net debt reduced by Rs.390 crore to Rs.3,640 crore. The company received NCLT approval for acquiring Vadraj Cement, targeting 31 MMTPA capacity by FY27. Key marketing initiatives, expanding RMX and MBM businesses, and a focus on sustainability (457 kg CO2/tonne) drove performance. Nuvoco remains focused on premiumisation, operational efficiency, and market expansion.

Image source:nuvoco.com

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Concrete

UltraTech Cement increases capacity by 1.4Mt/yr

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4 weeks ago

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June 17, 2025

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UltraTech Cement has expanded its production capacity by 1.4 million tonnes per annum (Mt/yr) through a combination of debottlenecking efforts and operational efficiency upgrades across several of its plants. The enhancements include an addition of 0.6Mt/yr in grinding capacity at the Nagpur facility in Maharashtra and a combined 0.8Mt/yr at the Panipat and Jhajjar units in Haryana. With these upgrades, the company’s total domestic grey cement capacity has risen to 184.8Mt/yr, while its global capacity now stands at 190.2Mt/yr.

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