Motilal Oswal Recommends 'BUY' on J K Cement, Sets Target at Rs 6685

• Motilal Oswal maintains a 'BUY' rating for J K Cement with a revised target price of Rs 6685.
• J K Cement's 3QFY26 EBITDA increased 13% YoY to INR5.6 billion, with OPM contracting to ~16%.
• Adjusted PAT rose ~10% YoY to INR2.1 billion, despite higher depreciation and ETR.
• Management reported strong demand in 3QFY26, high plant utilization, and robust December volumes, particularly in Central India.
• Revenue, EBITDA, and profits are projected to grow at a CAGR of 14%, 18%, and 24% respectively over FY25-28E.

Why It Matters: Motilal Oswal recommends buying J K Cement, forecasting strong growth and a target price of Rs 6685.