JK Cement’s shares slipped 0.09% to ₹4,854 on the NSE after the company reported Q2 net profit of ₹173 crore, up 8% YoY.
Revenue from operations surged 24% YoY to ₹3,733.4 crore, eclipsing the consensus estimate of ₹3,650 crore and underscoring robust demand in its core markets. Meanwhile, EBITDA margin contracted to 13.6% from 14.8% in the prior quarter, reflecting higher input costs and thinner pricing power.
Board approval of a ₹130 crore water‑based paint plant in Telangana signals strategic diversification. The new facility will add 75,000 KLPA to JK Maxx Paints’ output and will be financed from the ₹600 crore already earmarked for the paints arm.
Anuj Khandelwal, business head, reiterated the FY27 volume target of 13‑15% growth, aiming for 22.5‑23 million tonnes of grey cement amid expanding capacity in Central India. The Bhiwadi plant, currently operating at 60% utilisation, is slated to reach full capacity by FY28.
The company’s outlook remains cautious, citing elevated input costs and seasonal weakness in the September quarter. However, analysts note that the paint expansion and volume target could provide upside, even as shares have slipped 11.2% year‑to‑date.