S H Kelkar and Company Limited — Updates, 08-08-2025: Press Release

SH Kelkar (SHK) reported Q1 FY26 consolidated revenue of `581 Cr, up ~15% versus H1 FY25 average, reflecting steady demand (Q1 FY25 was fire-impacted). Domestic Fragrance & Flavour segments showed healthy growth. While Europe saw transient softness, brownfield expansion in Holland and India reinstatement are set to drive recovery. Gross margin improved to 42.4%, nearing long-term targets. Adjusted EBITDA margin stood at ~16% despite strategic investments in new Creative Development Centres. Net debt reduced to `641 Cr, with an interim `95 Cr insurance payment received for the fire incident. New capacities are expected to boost future growth.