JK Cement reports decent volumes in Q1, thanks to ongoing expansions
- Analysts expect JK Cement's market share gains to continue over the next four-five years as the company is setting up a 4 mtpa greenfield plant, which would commission by 1QFY24, in central India
JK Cement Ltd reported decent earnings in the June quarter. Cement volumes were 71% higher year-on-year to 3.02 million tonnes (mt) in-line with expectations, and grey cement volumes including clinker rose 73% y-o-y to 2.76mt. Further, its white cement volume improved 50% y-o-y to 0.26mt.
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