+
JK Cement to increase cement costs in Q4
Cement

JK Cement to increase cement costs in Q4

JK Cement plans to increase the cost of cement in the fourth quarter after November and December witnessed a price drop, Rajnish Kapur of JK Cement told the media.

There was a 4% drop in costs in November, and December observed a further dip, said Kapur.

He said that Q4 is the time, and the cost increase does happen historically, additionally, because demands are at their peak. In November, they witnessed a demand decline of about 4 to 5% and a price decline of approximately 4%.

After a good growth in October, November witnessed a 20-30% drop in demand month-on-month, Kapur said, adding that it is not normal. Their margin has noticed some pressure, but it is not severe. In the next few months, however, the firm is upbeat about the demand.

The firm aims at an 8-10% volume increase in FY22. Yet, it has cut the volume growth guidance from 20-25% to 8-10% in FY22.

JK Cement shares dipped more than 2.5% at Rs 3,479 on the National Stock Exchange.

Image Source

JK Cement plans to increase the cost of cement in the fourth quarter after November and December witnessed a price drop, Rajnish Kapur of JK Cement told the media. There was a 4% drop in costs in November, and December observed a further dip, said Kapur. He said that Q4 is the time, and the cost increase does happen historically, additionally, because demands are at their peak. In November, they witnessed a demand decline of about 4 to 5% and a price decline of approximately 4%. After a good growth in October, November witnessed a 20-30% drop in demand month-on-month, Kapur said, adding that it is not normal. Their margin has noticed some pressure, but it is not severe. In the next few months, however, the firm is upbeat about the demand. The firm aims at an 8-10% volume increase in FY22. Yet, it has cut the volume growth guidance from 20-25% to 8-10% in FY22. JK Cement shares dipped more than 2.5% at Rs 3,479 on the National Stock Exchange. Image Source

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code