JK Cement Projects Grey Cement Volume Growth in Early Teens for FY27, Targets 25.5 Million Tonnes by FY28
JK Cement has outlined ambitious growth projections for its grey cement business, anticipating volume increases in the early teens for FY27 (22.5-23 million tonnes) and 12-15% growth for FY28 (25.5 million tonnes). The company projects its net debt to EBITDA ratio will be approximately 1.6 by March FY26, rising to near 2.0 for FY27, reflecting planned investments to support volume expansion while maintaining financial discipline.

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JK Cement has announced its strategic growth projections for the upcoming fiscal years, outlining ambitious targets for grey cement volume expansion and providing clarity on its debt management approach. The company's forward-looking guidance indicates a strong growth trajectory in its core cement business operations.
Volume Growth Projections
The company anticipates substantial growth in its grey cement volumes over the next two fiscal years. For FY27, JK Cement expects volume increases in the early teens percentage range, translating to total grey cement volumes of 22.5-23.00 million tonnes. Building on this momentum, the company projects continued expansion for FY28 with growth rates of 12-15%, targeting total volumes of 25.5 million tonnes.
| Parameter: | FY27 | FY28 |
|---|---|---|
| Projected Growth Rate: | Early teens (%) | 12-15% |
| Target Volume: | 22.5-23.00 million tonnes | 25.5 million tonnes |
Financial Leverage Management
JK Cement has provided guidance on its debt management strategy, projecting specific net debt to EBITDA ratios for the coming years. The company expects this key financial metric to reach approximately 1.6 by March FY26, indicating improved financial efficiency. However, the ratio is projected to increase to near 2.0 for FY27, likely reflecting planned investments to support the anticipated volume growth.
| Fiscal Year: | Net Debt to EBITDA Ratio |
|---|---|
| March FY26: | ~1.6 |
| FY27: | ~2.0 |
Strategic Outlook
The company's projections reflect a balanced approach between aggressive volume expansion and prudent financial management. The planned volume increases suggest JK Cement is positioning itself to capitalize on market opportunities while maintaining financial discipline through measured debt levels. The progression from 22.5-23.00 million tonnes in FY27 to 25.5 million tonnes in FY28 demonstrates the company's confidence in sustained demand growth and its operational capabilities to meet increased production targets.
Historical Stock Returns for JK Cement
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.84% | +5.29% | +8.71% | -9.33% | +30.83% | +172.24% |












































