S H Kelkar and Company Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
S H Kelkar reported consolidated revenue growth of 14% year-on-year to Rs. 662 crore in Q1 FY27, with EBITDA rising 21% to Rs. 89 crore and margin improving to 13.4% from 12.6%. Management attributed the growth to strong Flavours segment performance and healthy Fragrance segment growth led by Europe, while the Global Ingredients business saw softer demand. The company also recognized approximately Rs. 30 crore of exceptional income from an insurance claim related to a fire incident, with net debt rising to Rs. 852 crore due to inventory buildup and capacity expansion.
S H Kelkar reported Q4 FY26 adjusted EBITDA of Rs. 83 crore with margins at 13.5%, including a one-off sale of approximately Rs. 35 crore of low-margin products as part of a portfolio optimization exercise. Management said raw material prices, particularly linked to crude derivatives, have been rising due to geopolitical developments in the Middle East, and that gross margins for the quarter were 42.3% net of the one-off. The company also discussed capacity additions including the Almere facility in the Netherlands and the upcoming Vanavate facility in Maharashtra, along with rising employee costs and depreciation during the year.