Jsw Cement Limited · NSE:JSWCEMENT
Jsw Cement — Investor Presentation (August 2026)
37 slides from Jsw Cement's investor presentation, Aug 28, 2026
Slide 1: Exchange filing cover letter
Cement Limited JSW Centre Opp. MMRDA Ground, Bandra Kurla Complex, Bandra (East), Mumbai 400 051. Tel : +91224286 1000 Fax : 26502001 Website: www.jswcement.in CIN :– L26957MH2006PLC160839 Date: 28.08.2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange P
Slide 2: Investor Presentation August 2026
Investor Presentation August 2026 JSW Cement Investor Presentation – Aug 2026 1
Slide 3: Forward Looking and Cautionary Statement
Forward Looking and Cautionary Statement This presentation contains forward-looking statements within the meaning of applicable securities laws. These statements are based on management's current expectations and assumptions, and are subject to risks and uncertainties that could cause actual results
Slide 4: JSW Group
JSW Group Presence across core sectors Amongst India’s leading Conglomerates with a turnover of US$25 Bn(1) • India’s largest steel producer with • Power producer with 14.54 GW • India’s 2nd largest Private Ports • Capacity of 24.1 MTPA, growing to ~43 capacity of 33.4 MTPA(2) installed generation c
Slide 5: Agenda
Agenda About Growth JSW Cement Strategy 05 13 Financial Performance Sustainability, Awards Q1 FY27 & Recognitions 19 31 JSW Cement Investor Presentation – Aug 2026 4
Slide 6: About JSW Cement
About JSW Cement Nandyal Integrated Unit
Slide 7: JSW Cement: Snapshot
JSW Cement: Snapshot(1) 24.10 MTPA 9.74 MTPA South, West, East & 1 Scaled Capacity with Multi-Region Footprint Grinding Capacity across Clinker Capacity across North India & UAE 8 Units 4 Units Geographic Presence Among India’s Fastest Growing 14.7% (2) 14.2% (2) 15.6% (2) 2 Cement Manufacturers Gri
Slide 8: JSW Cement: Our Journey
JSW Cement: Our Journey FY06 FY09 FY13 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY25 Present Grinding Cap. (MTPA) 0.59 5.49 7.99 11.59 12.79 13.39 14.11 14.55 16.30 20.60 24.10 Incorporation Clinker Cap. (MTPA) - 2.00 2.26 2.26 2.26 3.25 3.30 3.30 5.12 6.44 9.74 Strategic Full Backward Phased Regional Eff
Slide 9: JSW Cement: Strategically Located Manufacturing Footprint
JSW Cement: Strategically Located Manufacturing Footprint Manufacturing Footprint Multi-regional presence (MTPA) Region Grinding Capacity Clinker Capacity South 11.00 2.81 2.31 MTPA Fujairah West 4.50 2.31(1) (Clinker unit) UAE 1.32 MTPA East 6.10 1.32 Shiva Cement 2.50 MTPA (Clinker unit) North 2.5
Slide 10: JSW GGBS: Superior Cementitious Properties driving use in RMC sector
JSW GGBS: Superior Cementitious Properties driving use in RMC sector GGBS production process (1) GGBS Application in RMC Raw material composition of RMC(2) OPC replacement potential in RMC(3) 35‐37% Cementitious Rapid 6‐8% products OPC% FA% GGBS% quenching OPC only 100% ‐ ‐ with high Drying and 12‐1
Slide 11: JSW GGBS: Business profile
JSW GGBS: Business profile JSW Cement pioneered the GGBS business model in India and is established as the Market Leader in the domestic market #1 GGBS Producer in India GGBS expected to grow faster than cement demand(2) Track record of scaling up (Vol sold (Mn MT)) (FY25-30 CAGR) +15% CAGR GGBS dem
Slide 12: JSW GGBS: Growth Enablers and Strategies
JSW GGBS: Growth Enablers and Strategies Growth Enablers Growth Strategies 1 Multi-year supply contracts 1 Continue to increase number of customers Secured the slag output from JSW Steel plants in South & West Increase customer base within existing markets (Tier 1 cities) India; similar contracts wi
Slide 13: JSW GGBS: Landmark Projects
JSW GGBS: Landmark Projects Mumbai Ahmedabad High Speed Rail MTHL Atal Setu Mumbai Bengaluru International Airport Mumbai coastal road L&T Daewoo- Patna Bridge Paradip Port, Odisha JSW Cement Investor Presentation – Aug 2026 12
Slide 14: Growth Strategy
Growth Strategy Dolvi Grinding Unit
Slide 15: JSW Cement: Road Map for Growth
JSW Cement: Road Map for Growth Capacity Expansion Plan Approved Expansion Plan Future Potential ~2.8x increase in overall capacity 68.3 25.0 43.3 6.0 4.0 4.0 33.3 Grinding cap. 1.7 (MTPA) 24.1 3.5 As at FY26 Nagaur, JSW FZC, Dolvi, CY 2028 Vijayanagar, Central Total Potential Future Rajasthan UAE M
Slide 16: JSW Cement: Secured Resource Base to Underpin Future Growth
JSW Cement: Secured Resource Base to Underpin Future Growth Limestone reserves Potential Growth Options Limestone reserves: Grinding Cap. Clinker Cap. 1.3 bn. MT+ (1) (MTPA) (MTPA) Dimahasao, Assam Approved • Projects approved / under Panna & Damoh, 43.3 13.0 MP (2 mines) (2 mines) Expansion Plan co
Slide 17: Key Project Updates: Nagaur Integrated Unit
Key Project Updates: Nagaur Integrated Unit Nagaur Integrated Unit 3.3 MTPA Clinker and 2.5 MTPA Cement Grinding • OLBC works is in advance stage. Expected to start trials in Aug’26 • AFR co‐processing system expected to be commissioned in Aug’26 WHRS • STG has been synchronized with AQC boiler • Sy
Slide 18: Key Project Updates: Other Projects
Key Project Updates: Other Projects Fujairah, UAE Mansa - Punjab 1.65 MTPA Cement Grinding Unit 2.75 MTPA Cement Grinding Unit • Approval of land lease agreement is completed • Final approval for wild life conservation plan has been • EIA approval and Environment permit is completed granted • EC app
Slide 19: Key Project Updates: Renewable Energy
Key Project Updates: Renewable Energy Wind Capacity added in Q1 FY27 Green Power Capacity (MW) Dolvi Grinding Unit • Wind capacity of 32 MW capacity installed for Dolvi Unit ~4.7x increase in RE capacity 224 • Power generation started from May’26 Vijayanagar Grinding Unit 40 • Wind capacity of 24 MW
Slide 20: Financial Performance: Q1 2027
Financial Performance: Q1 2027 Vijayanagar Grinding Unit
Slide 21: Cement Sector Overview
Cement Sector Overview India is the 2nd largest cement consuming economy in the Cement demand growth to outpace capacity additions world, but per capita consumption remains low Demand CAGR 7.5% to 8.5% 2025 Per Capita Cement Consumption (kg) Supply CAGR ~ 5.8% 1687 965 - 975 728 - 733 730 - 735 Supp
Slide 22: Cement Sector Outlook
Cement Sector Outlook India's Infrastructure Boom: A Cement Consumption Catalyst Broad based demand growth expected across segments Flagship Govt. Programmes driving Cement Consumption 13‐15% Pradhan Mantri Awas Yojana (Rural & Urban) 32‐34% Segment Demand CAGR "Housing for All“ ‐ a flagship governm
Slide 23: Q1 FY27: Key Highlights
Q1 FY27: Key Highlights Total Volume Sold: 3.81 million MT, increased by 15.0% YoY Cement Volume Sold: 2.34 million MT, increased by 26.5% YoY GGBS Volume Sold: 1.33 million MT, increased by 2.6% YoY Operational Cement realization increased by 6.0% QoQ; GGBS realization increased by 3.4% on
Slide 24: Quarterly Sales Volume
Quarterly Sales Volume Total Volume Sold (1) (mn. MT) Cement Volume Sold (mn. MT) GGBS Volume Sold (mn. MT) +15.0% YoY + 26.5% YoY +2.6% YoY - 4.5% QoQ -0.2% QoQ -14.9% QoQ 3.99 3.81 3.31 2.35 2.34 1.57 1.33 1.85 1.30 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 North Regi
Slide 25: Quarterly Revenue from Operations
Quarterly Revenue from Operations Cement Realisation (1) (₹/MT) Revenue from Operations (₹ crore) +1.2% YoY +21.6% YoY +6.0% QoQ +0.1% QoQ 4,894 4,673 4,951 Q1 FY26 Q4 FY26 Q1 FY27 1,895 1,896 1,560 GGBS Realisation (1) (₹/MT) Q1 FY26 Q4 FY26 Q1 FY27 +2.5% YoY +3.4% QoQ Revenues increased by 21.6%
Slide 26: Quarterly Raw Material, Power & Fuel Costs
Quarterly Raw Material, Power & Fuel Costs Cost of Raw Materials (1) + Power & Fuel (₹/MT) Average Fuel Consumption Cost (2) (₹/MCal) +15.0% YoY +15.1% QoQ 1.80 2,125 1.55 1.50 1.49 1.49 1,847 1,845 802 641 594 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Combined cost of inputs increased on YoY basis,
Slide 27: Quarterly Logistics Cost
Quarterly Logistics Cost Logistics Cost (₹/MT) -0.6% YoY -2.2% QoQ 1,098 1,115 1,091 Q1 FY26 Q4 FY26 Q1 FY27 Logistics cost per ton reduced by 0.6% YoY and by 2.2% on QoQ basis Cost decreased YoY basis with savings from logistics efficiencies and improved direct dispatch ratio offset by slightly
Slide 28: Quarterly Employee Cost and Other Expenses
Quarterly Employee Cost and Other Expenses Employee Cost (1,2) (₹/MT) Other Expenses (2) (₹/MT) Excl. ESOP +32.8% YoY costs 234 205 255 +9.5% QoQ +4.6% YoY +19.2% QoQ As reported (incl. ESOP 663 726 costs) 546 245 257 215 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Excluding ESOP costs, Employ
Slide 29: Quarterly Operating EBITDA
Quarterly Operating EBITDA Operating EBITDA (₹ crore) Operating EBITDA (₹/ton) Op. EBITDA Margin 20.7% 19.3% 15.7% -7.5% YoY 974 916 -18.2% QoQ 784 Q1 FY26 Q4 FY26 Q1 FY27 365.0 322.7 Operating EBITDA per ton decreased on YoY basis due 298.6 to higher Power & Fuel and Other expenses, which were pa
Slide 30: Summary Income Statement
Summary Income Statement Variance Variance FY25 FY26 Particulars (₹ Crores) Q1 FY26 Q1 FY27 (% YoY) (% YoY) 5,813.1 6,512.5 12.0% Revenue 1,559.8 1,896.4 21.6% 4,948.9 5,272.2 6.5% Less: Operating Expenses (1,237.2) (1,597.9) 29.2% 864.2 1,240.3 43.6% Operating EBITDA 322.7 298.6 (7.5)% 101.6 152.4
Slide 31: Consolidated Net Debt Position
Consolidated Net Debt Position (₹ Crore) Particulars Q1 FY26 Q4 FY26 Q1 FY27 Net Debt (₹ crore) 4,566 3,635 3,856 Cash & cash equivalent (₹ crore) 131 447 357 Net Debt/Equity (x) 1.04 0.56 0.57 Net Debt/EBITDA (x) (1) 4.34 2.72 2.95 JSW Cement Investor Presentation – Aug 2026 (1) Net Debt/EBITDA on
Slide 32: Sustainability, Awards and Recognitions
Sustainability, Awards and Recognitions Nandyal Solar Capacity
Slide 33: Sustainability Performance
Sustainability Performance Specific Thermal Energy (Kcal/kg Clinker) GHG Emission Intensity (tCO2/tcm) Clean Energy Portfolio (RE+WHRS %) 749 751 Scope1 Scope 2 743 311 30.0 740 241 230 241 24.0 738 21.5 174 15.0 33 29 28 27 27 4.0 FY23 FY24 FY25 FY26 Q1 FY27 FY23 FY24 FY25 FY26 Q1 FY27 FY23 FY24 FY
Slide 34: ESG Excellence
ESG Excellence 86/100 70/100 Portland Slag Cement, 269 kg/tcm CSA score ESG rating score CHD, Scope 1 and Scope 2 GHG GGBS & Microfine GGBS emissions intensity Ranked #1 globally in the Highest among listed and Concrete construction materials cement companies in India Near-term target to reduce sect
Slide 35: Awards and Recognitions
Awards and Recognitions Global ESG Awards, India Edition 2026 World HRD Congress Shiva: Honored Odisha JSW Cement received Best Employer Brand Award Global ESG Award 2026 and Best Innovation Award (Diamond) in the Circular (EHS) at the World HRD Economy category Congress Green Enviro Environment Awa
Slide 36: Corporate Social Responsibility Initiatives
Corporate Social Responsibility Initiatives CSR spend reached 6.6 lakh+ beneficiaries across six focus themes in FY 2026 Education Health Digital classrooms, scholarships, STEM Mobile health camps, TB nutrition support, education and school infrastructure support ambulance services and diagnostic fa
Slide 37: THANK YOU
THANK YOU Investor Relations Contact ir.jswcement@jsw.in Jajpur Grinding Unit