JK Cement Subsidiary Issued Legal Notice in J&K for Packaging Norms Breach

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JK Cement Subsidiary Faces Legal Notice in J&K Over Packaging Violations

JK Lakshmi Cement Ltd. | Shares of JK Lakshmi Cement declined 6.9% to its intraday low of 710 per share. Its third quarter volumes growth was strong but realisations declined 10% sequentially. This is likely due to higher non-trade share and change in market mix. The management has also announced a large capex as they move towards 30 MT target. Its net profit declined 23% in the third quarter to ₹57 crore, while its revenue increased 6.3% to ₹1,588 crore from the previous year. The company's EBITDA gained 2.1% to ₹205.5 crore, while its margin contracted to 12.9% from 13.4% in the year-ago period.

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CNBC TV18•17-03-2026, 21:08

JK Cement Subsidiary Faces Legal Notice in J&K Over Packaging Violations

•JK Cement Ltd's subsidiary, JK Cement Saifco Private Ltd, received a legal notice from J&K authorities.
•The notice, dated March 9, alleges violations related to packaging norms, including lack of registration and unverified weighing scales.
•Authorities directed the subsidiary to halt packaging of cement products along with their weight.
•JK Cement stated there is no material financial impact at this stage and has sought an extension to respond.
•The company anticipates rising input costs from May due to geopolitical uncertainties, impacting margins.

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