JK Cement: Creating Value
JK Cement aims to become among the top five players in India in terms of capacity and aspires to double its current capacity by 2030
JK Cement, a pioneering force in the Indian cement industry, was founded in 1974 and is part of the JK Organisation, a conglomerate with a profound impact on the building materials sector. For over 50 years, JK Cement has committed itself to quality, innovation, and sustainability, continuously advancing India’s infrastructure and growth. "Our efforts align with the ambitions and goals of India and its people," affirms Madhavkrishna Singhania, Deputy Managing Director (MD) and Chief Executive Officer (CEO), JK Cement.
A flagship product, JK White Cement has achieved global recognition, reaching 37 countries. Esteemed for its exceptional quality, JK White Cement has become the preferred choice for builders and architects worldwide, standing as a symbol of trust and reliability beyond the Indian subcontinent.
Building India
In FY24, the cement sector saw favourable growth as the government’s infrastructure initiatives stimulated demand. Improved industry margins, buoyed by reduced fuel costs and a surge in demand prior to the general elections, further fuelled growth. JK Cement’s grey cement, white cement, and wall putty volumes rose to 18.53 million tonne, up from 15.45 million tonne in FY23, a notable 20 per cent increase. This boost also led to a revenue growth of 17 per cent, reaching Rs 10,918 crore, with net profit soaring 65 per cent to Rs 831 crore, compared to Rs 503 crore in FY23.
Driven by efficient cost management and the easing of raw material prices, EBITDA surged 51 per cent to Rs 2,006 crore in FY24. The company’s diversified value-added products, including a promising foray into paints, have shown strong market traction. “Our value-added products business is on track to achieve a topline of over Rs 500 crore in the near future,” notes Singhania, underscoring JK Cement’s commitment to expanding its portfolio and market reach. Through strategic growth and quality offerings, JK Cement continues to solidify its legacy in the global and Indian markets.
With SBTi approval, the company aims to cut absolute gross GHG emissions (Scope 1+2) by 21.7 per cent from 2019-20 levels by 2030, aligned with the 1.5°C pathway. Notably, it achieved a 17 per cent reduction by FY24, reducing emissions to 563 kg CO₂/tonne.
