JK Cement Q2 Decoded: Revenue Up 23.7%, But Margins Face Fuel Cost Pressure | Business News
ET Now · 26 Oct 2026 · 9 min
Management interview of JK Cement Ltd (JKCEMENT), with 8 key numbers discussed.
- Anuj Khandelwal, Business Head, JK Cement
JK Cement reported over 20% growth across businesses in H1, though margins faced pressure due to rising petcoke and coal prices, front-loaded fixed costs, and lower subsidy income. Management expects margins to normalize in H2 as recent price hikes of Rs 17-18 per bag offset around 60-70% of fuel inflation. The company maintained its FY24 volume growth guidance of 13-15%. In the paints division, it is on track to achieve Rs 5-6bn in revenue with EBITDA break-even. Net debt stood at around Rs 46bn with net debt to EBITDA targeted around 2.0-2.2x over the next 2-3 years.