Announced Fri, 15 May · 21:23 IST

S H Kelkar and Company Limited has informed the Exchange regarding Earnings Presentation and Press Release in respect of Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026

Mgmt Guided Margin PressureInvestor Communications View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-5.7%1-day move
₹133.50
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₹130.00
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After-mkt
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AI summary

S H Kelkar reported FY2026 revenue of Rs. 2,368 crore, up 11.5% YoY, with Q4 revenue of Rs. 650 crore, up 14.6% YoY. However, adjusted EBITDA declined to Rs. 323 crore from Rs. 335 crore, with margins contracting from 15.9% to 13.9% in FY26 and from 14.6% to 13.5% in Q4. The company noted that Rs. 35 crore from one-off portfolio optimization sales is included in revenue. Flavour segment showed strong 30% YoY growth, while fragrance growth was steady at 10.4%. CFO flagged rising raw material prices due to Middle East geopolitical developments, warning that margin impact may be visible in coming quarters despite active pricing measures and cost optimization efforts.

Likely market impact

Revenue growth is positive but the margin contraction signals cost pressure that could weigh on profitability. The CFO's explicit guidance on near-term margin challenges and higher inventory needs suggests cautious outlook for the coming quarters.