S H Kelkar and Company Limited has informed the Exchange that Board of Directors at its meeting held on May 16, 2025, recommended Final Dividend of Re. 1 per equity share.
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S H Kelkar and Company (Keva) announced audited consolidated results for Q4 and FY25. Consolidated revenue from operations rose to Rs. 2,123.40 crores (FY25) from Rs. 1,840.83 crores (FY24), a growth of about 15.3%, led by the Fragrances segment (Rs. 1,927.49 crores). However, consolidated profit for the year fell sharply to Rs. 73.01 crores from Rs. 123.55 crores in FY24, dragged down by a Rs. 605.55 crore exceptional item related to a major April 2024 fire at the Vashivali plant (loss of Rs. 160.18 crores partly offset by Rs. 95 crore interim insurance relief). The Board recommended a final dividend of Re. 1 per share (10%) subject to AGM approval. It also approved the incorporation of a wholly owned subsidiary Keva Middle East FZE in the UAE to expand its fragrance and flavour business, and made several director and auditor appointments/re-appointments. Statutory auditor Deloitte Haskins & Sells LLP issued an unmodified opinion.
Revenue growth is healthy, but the bottom line took a big hit from the one-time fire-related exceptional loss; insurance recovery helps but full claim is still pending. The Rs. 1 dividend is modest. Shareholders should watch for the final insurance settlement, UAE subsidiary execution, and margin recovery in FY26.