JK Lakshmi Cement is aiming to achieve a double-digit revenue increase in the current financial year, backed by recent capacity additions and improved operational efficiency, according to company President and Director, Arun Shukla. The cement manufacturer, part of the JK Organisation, is also stepping up efforts to grow its share of revenue from allied businesses such as concrete solutions and ready-mix concrete. The goal is to have these segments contribute around 10% to total revenue within the next three to four years.
Currently operating with an annual production capacity of 18 million tonnes, JK Lakshmi Cement plans to scale this up to 30 million tonnes by 2030, positioning itself among India’s top five cement producers. The company reported a turnover of ₹6,383.73 crore in FY24, a year marked by subdued demand across the industry.
“The industry is expected to grow at about 7-8% in FY26, and we’re targeting at least 10% growth,” Shukla said. A recent 2.5 million tonne capacity addition at its Udaipur facility is expected to drive part of this growth, along with an additional 1.35 million tonnes being added at the Surat plant. “These projects are key growth drivers and will help us reach our targets,” he said.
The company has committed an investment of ₹2,500 crore to expand its footprint in eastern India through both greenfield and brownfield projects, increasing capacity there to 4.6 MTPA by 2027-28. Further expansion is planned in northern India, including a 3 MTPA unit in Rajasthan, where JKLC already holds mining lease rights. Similar plans are underway in Gujarat’s Kutch region, and the company is exploring opportunities to set up an integrated plant and grinding unit in the Northeast.
Additionally, a third production line is being added at the Udaipur facility, all part of the company’s roadmap to cross 30 MTPA by 2030. The expansion projects will be financed through a combination of debt and internal resources.
JKLC is also working on improving profit margins by enhancing efficiencies across its supply chain, incorporating digital logistics tools, and introducing AI-based technology in its cement grinding operations. The company recently refreshed its brand with the launch of Green Plus Cement.
In line with its strategy to move up the value chain, the company is focusing on premium products. Its high-end offering, Pro Plus, now accounts for over a quarter of its trade business, contributing to both higher margins and brand positioning. “We’re offering differentiated products with better pricing power,” said Shukla, noting that the company is also expanding its use of renewable energy, which currently meets 49% of its requirements.
As part of its broader vision, JK Lakshmi Cement is positioning itself as a comprehensive building solutions provider. In addition to cement, the company is growing its portfolio in related materials like concrete products, wall putty, plastering solutions, tile adhesives, and primers.
Revenue from these non-cement segments stands at around ₹500 crore, with plans to scale this to ₹1,000 crore initially, and eventually up to ₹2,000 crore. “We’re expanding our reach in ready-mix concrete, autoclaved aerated blocks, and other value-added products to support this growth,” Shukla added.
JK Lakshmi Cement is a flagship company of the JK Organisation—a group with a heritage spanning over 135 years and diverse operations across sectors including tyres, paper, power transmission, dairy, and textiles. Established in 1982, JK Lakshmi Cement has built a strong reputation over four decades as one of the country’s leading cement manufacturers.
With a current production capacity of approximately 16.5 million tonnes annually, the company has a significant presence in the northern, western, and eastern markets of India. It aims to expand its capacity to 30 million tonnes by 2030. JK Lakshmi Cement offers a comprehensive product range under its Smart Business Solutions (SBS) platform, including JK Lakshmi Ready Mix Concrete, Gypsum Plaster, Wall Putty, and JK SmartBlox AAC Blocks. With a turnover exceeding ₹6,000 crore, the company continues to contribute to India’s infrastructure growth through innovation, sustainability, and quality.
