JK Cement Aims for ₹250-300 Cr Sales in Paints Division, Projects 6-8% Growth

25 Sep 2024 , 03:51 PM

JK Cement plans to focus on increasing the revenue of its paints business and aims to achieve break-even within the next two years.

The sales target for the paints division in FY 2024-25 is set between ₹250-300 Crore, according to Anuj Khandelwal, Business Head of Grey Cement Division.

The company sees synergies between its paint division and its white cement and putty business channels, which are proving beneficial.

Based in Kanpur, Uttar Pradesh, JK Cement expects 6-8% growth in the cement sector in the second half of FY25 compared to FY24. JK Cement is among India’s leading grey cement producers and a global leader in white cement.

Khandelwal mentioned that the cement industry’s growth was flat over the past six months due to a high base, but demand is expected to rise in the latter half of FY25. The company projects a volume growth of 6-8% in FY25, outperforming the industry growth rate of 3-4%.