New Delhi, May 27 -- JK Cement Ltd's timely capacity additions and solid execution are giving it an edge over midcap peers that are battling muted volume growth after the recent wave of industry consolidation.

JK's grey cement volumes rose 15% year-on-year in the March quarter (Q4 of FY25) to 5.39 million tonnes (mt). This implies market share gains in north and central India as peers operating in these areas reported volume growth in the 3-8% range, Emkay Global Financial Services said in a report dated 25 May. JK also outpaced the industry's estimated volume growth of 4-5% in Q4.

Government spending and pent-up demand in its key market of central India, where it is adding capacity, buoyed volume growth in the last quarter. The ramp-up...