| Management target | Revenue FY27 |
|---|
| Revenue growth | Double-digit growth expected for full year FY27. |
|---|---|
| Margins | EBITDA margins expected to improve with revenue scale-up. |
| Demand visibility | Strong repeat demand; Flavour growth reflects some order preponement. |
| Management confidence | High on long-term 20% ROCE target and international expansion. |
Growth
Revenue grew 14% YoY; EBITDA margin improved to 13.4% from 12.6% due to operating leverage.
Outlook
Double-digit revenue growth and improved margins targeted for FY27; commissioning Vanvate factory in Q3 FY27.
Risks
Geopolitical volatility in West Asia impacting energy/freight costs; Global Ingredient business saw softer demand in exports.
Last quarter's promises, checked
Delivered
- Guided 13.5% Q4 EBITDA margin → delivered 13.4% Q1 FY27 (= BEAT)
- Guided Almere factory operational in months → delivered operational (= BEAT)
- Guided passing on RM inflation via contracts → delivered 95% pass-through (= BEAT)
Partly delivered
- Guided double-digit growth in Europe → delivered growth driven by Flavours/International (= PARTIAL)
Missed
- Guided debt reduction of 10% annually → delivered net debt stable at Rs. 852Cr (= MISS)
Investor Presentation filed with BSE, NSE: SHK. Summary written with AI assistance from the document.
S H Kelkar & Company Ltd: key numbers
- Share price
- ₹142.65
- Market cap
- ₹1,975 Cr
- Revenue (annual)
- ₹2,368 Cr
- Net profit (annual)
- ₹69.26 Cr
- P/E (TTM)
- 22.2×Sector 42.5×
- Promoter holding
- 54.87%+0.00% QoQ
- FII holding
- 5.92%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from S H Kelkar & Company Ltd
All →S H Kelkar & Company Management Change
S H Kelkar and Company Limited announced the sad demise of its Chairman, Mr. Ramesh Vaze, who passed away on September 15, 2026.
S H Kelkar & Company Management Change
S H Kelkar and Company Limited has appointed Mr. Ranjeet Agrawal as Executive Vice President - Sales (India Subcontinent) and Senior Management Personnel, effective August 20, 2026.
S H Kelkar & Company Other Announcement
S H Kelkar and Company Limited received an unsolicited ESG rating of 'Crisil ESG 52' from Crisil ESG Ratings & Analytics Limited.
S H Kelkar & Company Annual General Meeting
S H Kelkar and Company Ltd conducted its 70th Annual General Meeting on July 31, 2026. This disclosure summarizes the meeting's proceedings and transacted agenda items.
S H Kelkar & Company Earnings Call Transcript: Key Takeaways
SH Kelkar reported a 14% YoY revenue growth in Q1 FY27, driven by strong flavor segment performance and international fragrance markets, though high debt and high effective tax rates remain lingering concerns.
- Call
- Guides 10% growth
S H Kelkar & Company Merger & Restructuring Worth ₹0.46 Cr
S H KELKAR AND COMPANY LIMITED will sell its entire equity stake in its subsidiary, Keva Ventures Private Limited, for Rs. 0.46 Crore.
- Value
- ₹0.46 Cr