JK Cement is aiming for ₹250-300 crore in sales from its paint division for the financial year 2024-25, with plans to focus on boosting the division’s topline and achieving breakeven in the coming years. Anuj Khandelwal, Business Head of the Grey Cement Division, stated that the company sees strong synergies between its paint business and its established white cement and putty operations, which are contributing to its growth.
Headquartered in Kanpur, Uttar Pradesh, JK Cement anticipates a 6-8% growth in cement sales in the second half of FY25 compared to FY24. Khandelwal mentioned that industry growth had been flat in recent months due to a high base, but he expects demand to rebound, projecting a 6-8% volume increase for JK Cement over FY24 levels. If the industry grows by 3-4% in FY25, he believes the company could see 7-8% growth.
Brokerage firm Motilal Oswal recently reaffirmed its ‘buy’ rating on JK Cement, setting a target price of ₹5,600 per share. The firm also raised its EBITDA estimates for FY26 and FY27 by 3% and 7%, respectively. Over FY24-27, JK Cement is expected to achieve a compound annual growth rate (CAGR) of 11% in consolidated revenue and 18% in EBITDA.
This optimistic outlook is attributed to factors such as JK Cement’s growing operational scale, better execution strategies, and cost-saving measures. The company’s market capitalisation stands at around ₹36,882.11 crore, with its shares having surged nearly 51% in the past year.
JK Cement is one of India’s leading cement manufacturers, renowned for its high-quality products and innovation in the construction materials industry. Established in 1975, the company has a strong presence in both domestic and international markets, offering a diverse portfolio that includes grey cement, white cement, and wall putty.
With state-of-the-art manufacturing plants and a commitment to sustainability, JK Cement is focused on enhancing operational efficiency and minimizing its environmental impact. Over the years, the company has built a solid reputation for delivering reliable and durable building solutions, playing a pivotal role in the nation’s infrastructure development.
