JK Lakshmi Cement is eyeing robust double-digit revenue growth in the current financial year, underpinned by fresh capacity additions, operational enhancements, and strategic diversification into adjacent sectors. The company, part of the JK Organisation, is positioning itself for a major leap, aiming to boost annual production capacity from 18 million tonnes to 30 million tonnes by the end of the decade.
In the last financial year (FY24), JK Lakshmi Cement recorded revenues of Rs 6,383.73 crore amid a broader slowdown in the cement industry. However, with the market outlook showing signs of recovery, the company anticipates stronger demand. It targets growth ahead of the industry average, which is projected at around 7–8 per cent for FY26.
Recent capacity expansions are expected to be key drivers of this momentum. A 2.5 million tonne per annum (MTPA) addition at its Udaipur facility has already come online, while another 1.35 MTPA is being added in Surat. These enhancements are set to support JK Lakshmi Cement’s goal of achieving at least 10 per cent growth this fiscal.
The company has invested Rs 2,500 crore to increase its production footprint in Eastern India to 4.6 MTPA through a mix of greenfield and brownfield projects scheduled for completion between 2027 and 2028. Further expansions are also in the pipeline in Rajasthan, where the company holds existing mining lease rights, and in Kutch, Gujarat, with plans to establish an additional 3 MTPA at each location.
Beyond these, JK Lakshmi Cement is exploring opportunities in the North East with plans for a fully integrated unit alongside a grinding station. A third production line is also in development at its Udaipur Cement Works facility. These strategic investments are expected to help the company cross the 30 MTPA milestone by 2030, positioning it among the top five cement producers in India.
To fund these initiatives, the company will rely on a balanced mix of internal accruals and debt. Simultaneously, efforts to enhance profitability are underway through improved efficiency across the value chain. Initiatives include digital transformation in logistics and the integration of artificial intelligence into cement grinding operations. A brand refresh was also recently undertaken, with the launch of a new eco-friendly product, Green Plus Cement.
In addition to operational improvements, JK Lakshmi Cement is strongly focusing on premiumisation. Its high-end product, Pro Plus, now contributes to over a quarter of its trade segment, playing a key role in strengthening margins and improving price positioning.
The company is not limiting its ambitions to cement alone. It aggressively grows in adjacent segments such as concrete solutions, ready-mix concrete, wall putty, plastering solutions, tile adhesives, and primers. These segments currently contribute Rs 500 crore to revenues, with targets to double this to Rs 1,000 crore in the medium term and eventually scale up to Rs 2,000 crore.
The expansion into building solutions aligns with JK Lakshmi Cement’s vision of becoming a comprehensive smart construction partner rather than just a cement manufacturer. Its growing ready-mix business and foray into autoclaved aerated concrete (AAC) blocks further reinforce this direction.
