S H Kelkar and Company Limited — PPTs, 10-11-2025: Investor Presentation

SH Kelkar's H1 FY26 saw consolidated revenues climb 12.0% YoY to Rs. 1,134.5 Cr, reflecting a steady performance. Adjusted EBITDA stood at Rs. 164 Cr with a 14.5% margin, while profit for the period was Rs. 34.7 Cr, translating to an EPS of Rs. 2.5. Domestic business showed healthy momentum, offsetting a subdued European market and a 12.1% dip in Global Ingredients revenue. Notably, the Flavours segment surged by 54.4%.

Strategically, the company is investing in initiatives across Germany, UK, and US, along with capacity expansions in the Netherlands. These are set to boost operational efficiency and profitability over the next 15-18 months. Capacity enhancements at Vanavate and Holland Aromatics are progressing for Q4 FY2026 commissioning, aiming to lower costs and fuel future growth.

Key developments include the appointment of Mr. Jagdish Agarwal as CFO, bringing extensive experience to enhance financial discipline. Management remains focused on building a stronger foundation for sustainable long-term growth, driven by resilient demand and innovation from their global Creative Development Centres. The company's net debt is Rs. 709 Cr, with a Net Debt to Equity ratio of 0.53x.