He expects the company to grow at over 9% in the coming years, slightly ahead of industry growth.
“Demand is improving after Q2 was very sluggish. From Q3 (October-December 2024 – Q3FY25) onwards, things have been getting better,” Shukla said, attributing the recovery to budgetary allocations for infrastructure and tax benefits boosting middle-class spending.
JK Lakshmi Cement is optimistic about achieving higher growth due to its expansion plans. “We have a strong conviction that we will grow at 9% or more, slightly ahead of the industry,” he noted.
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On profitability, the company is working to improve earnings before interest, taxes, depreciation and amortisation (EBITDA) through cost efficiencies, digital supply chain enhancements, and premium product offerings. “All these initiatives, including renewable energy adoption, will help improve EBITDA per tonne by ₹200-₹250 in the coming years,” Shukla added.
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The market capitalisation of JK Lakshmi Cement is around ₹8,325.75 crore. Its shares have declined close to 11% in the past year.
For the entire interview, watch the accompanying video
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(Edited by : Unnikrishnan)
