JSW Cement Limited (JSWCEMENT) Earnings Call Transcripts

JSW Cement Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, JSW Cement reported a revenue of INR 1,895 crores, marking an 11% year-on-year increase, while operating EBITDA surged 46% to INR 365 crores. The company highlighted strong sales volume growth of 7% year-on-year, driven by a 12% increase in cement sales. Management maintained its guidance for FY '27, projecting mid- to high-teens volume growth, despite acknowledging short-term demand softness due to inflationary pressures and labor shortages. The positive trajectory in revenue and EBITDA, alongside the operational ramp-up of the new Nagaur plant, positions JSW Cement favorably for future growth.

Reported metrics

Guidance from management

Management maintained guidance for FY '27 with expectations of mid- to high-teens volume growth, excluding the North. They also confirmed that the broader capacity target of 43 million tonnes by FY '30 remains intact.

What management said

Yes. Thank you, Vaibhav. Good evening to all, and welcome to the Q4 and FY '26 earnings call of JSW Cement. I trust all of you have had the chance to review the results, the press release and the investor presentation, which we uploaded a while back. With this, I will hand over the call to Mr. Nilesh Narwekar to take this forward.

So in FY '27, what we forecasted is our performance would be in the mid-teens. I think that's the guidance that we've given, mid-teens to high teens. And we maintain our stance of that. This number is excluding the North, and we are actually working towards hitting that.

What analysts pressed on

Analysts expressed concerns regarding the impact of geopolitical tensions on demand and the potential for softening market conditions. There were also questions about the ramp-up of the new plant and its contribution to overall performance.

Main topics on the call

• Revenue Growth — JSW Cement achieved a revenue of INR 1,895 crores in Q4 FY '26, representing an 11% increase year-on-year. Management noted, "Our operating EBITDA during the quarter improved by 46% year-on-year and was INR 365 crores," ...
• Volume Growth — Total sales volume increased by 7% year-on-year to 3.99 million tonnes in Q4 FY '26, with cement volumes growing 12%. Management stated, "We continue to deliver higher than industry growth rates," reinforcing their compe...
• New Plant Operations — The integrated plant at Nagaur commenced operations in March 2026, contributing to the company's expansion into northern India. Management expressed optimism about the plant's performance, stating, "We are pretty excited...
• Guidance for FY '27 — Management maintained guidance for FY '27, projecting mid- to high-teens volume growth, excluding the North. They emphasized, "We maintain our stance of that," indicating confidence in achieving these targets despite cur...

Read the full JSW Cement Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 4 JSW Cement Limited earnings call transcripts on record, spanning September 3, 2025 to May 21, 2026. Based on this history, JSW Cement Limited reports quarterly. The most recent call on file is dated May 21, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

JSWCEMENT

Exchange

NSEI

Country

IN

Sector

Materials

Industry

Construction Materials

Calls on record

4

First call

September 3, 2025

Most recent

May 21, 2026

Reporting cadence

quarterly