JK Cement targets 50 MTPA grey cement capacity by FY30

Capacity Expansion: Aiming for 50 MTPA grey cement capacity by FY30; 7 MTPA North India expansion on track for H1 FY28 commissioning. Volume Guidance: Management expects ~23 MT volumes for FY27, with potential of 24 MT absent seasonal disruptions. Capex Plans: Rs.3,500 crore planned capex for FY27; annual capex around Rs.2,500 crore in coming years. Cost Pressure: Fuel costs expected to rise from Rs.1.53 to Rs.1.71 per Kcal in Q2, possibly Rs.2.00 in Q4; prices need to increase Rs.10-15/bag to offset costs. Export Challenges: UAE export volumes affected by geopolitical conflicts impacting clinker and cement shipments. Operational Risks: Seasonal restrictions and labor migration caused temporary slowdowns in North India market.