S H Kelkar and Company Ltd

S H Kelkar and Company Limited (SHK) announced the passing of its Chairman, Mr. Ramesh Vinayak Vaze, aged 85, who had been associated with the company for over six decades and served as a key figure in shaping SHK into India’s largest India-origin fragrance and flavour company. Mr. Vaze, a Master Perfumer, joined the family business in 1961 and most recently served as Non-Executive Chairman since 2019, and his death occurred on Tuesday, September 15, 2026.

S H Kelkar and Company Limited (SHK) announced the passing of its Chairman, Mr. Ramesh Vinayak Vaze, aged 85, on Tuesday, September 15, 2026. Mr. Vaze, a Master Perfumer and long-time director, played a key role in shaping SHK into India’s largest India-origin fragrance and flavour company, with a global footprint, and had been a member of the Company’s Board since 1981.

S H Kelkar and Company Limited announced the appointment of Mr. Ranjeet Agrawal as Executive Vice President - Sales (India Subcontinent) and Senior Management Personnel, effective August 20, 2026, according to a regulatory filing on August 19, 2026. Mr. Agrawal was previously General Manager – Fragrance, India & South Asia at Takasago International Corporation and brings over 20 years of experience in the fragrance, consumer insights, and FMCG industries.

S H Kelkar and Company Limited announced the appointment of Mr. Ranjeet Agrawal as Executive Vice President - Sales (India Subcontinent) and Senior Management Personnel, effective August 20, 2026, according to a regulatory filing on August 19, 2026. Prior to joining Keva, Mr. Agrawal was General Manager – Fragrance, India & South Asia at Takasago International Corporation, and has also held positions at CPL Aromas, Springfield Aromatics Pvt. Ltd., International Flavours & Fragrances (IFF), Aditya Birla Retail Ltd. and Hindustan Unilever Ltd. (HUL).

S H Kelkar & Company Ltd announced that Crisil ESG Ratings & Analytics Limited, a SEBI-registered Category-1 ESG Ratings Provider, has independently assigned an ESG rating of ‘Crisil ESG 52’ to the company via email dated August 14, 2026, based on publicly available data pertaining to FY 2025-26, noting that the company did not engage Crisil for this rating; no enhancements, assignments, or withdrawals were indicated by any other rating agencies regarding any instruments.

Revenue from operations climbed 14.11% YoY to Rs 662.42 crore in Q1 FY27, supported by healthy growth in the Fragrance business and strong performance across geographies in the Flavour segment Profit before exceptional items and tax increased 11.6% YoY to Rs 38.57 crore. During the quarter, the company reported an exceptional gain of Rs 29.95 crore, representing an on-account insurance claim received towards property, plant and equipment damaged in the fire at its Vashivali plant in Maharashtra in April 2024. Operating performance remained strong, with EBITDA rising 21.3% YoY to Rs 89 crore from Rs 73 crore a year ago. Consequently, the EBITDA margin improved to 13.4% in Q1 FY27 from 12.6% in the year-ago period, supported by operating leverage from higher revenues despite increased operating costs associated with the expanded global CDC network. The company noted that margins may vary across quarters depending on revenue scale and the absorption of fixed operating costs. On the business front, the Fragrances segment posted 9% YoY revenue growth to Rs 539 crore, while the Flavours segment recorded a sharp 63.2% YoY increase to Rs 112 crore. The core fragrance business benefited from sustained customer engagement and demand across key end-use segments, while the flavour business was supported by strong international demand and deeper customer engagement across markets. Geographically, revenue from India increased 4.8% YoY to Rs 363 crore during the quarter. Revenue from Europe rose 23.7% YoY to Rs 148 crore, while revenue from the Rest of the World surged 44.1% YoY to Rs 140 crore. Commenting on the company's strategic direction, Kedar Vaze, whole time director & CEO at SH Kelkar and Company, said, 'We have made a healthy start to the year, supported by sustained demand across key customer segments and encouraging momentum in the business. The performance reflects the strength of our customer relationships, diversified product portfolio, and continued focus on execution. Building on the progress of our strategic growth initiatives, our focus is increasingly on leveraging our expanded capabilities to deepen customer partnerships and broaden the opportunity pipeline. The continued strengthening of our R&D, creative development centres, and manufacturing platform is enhancing our ability to respond more effectively to evolving customer requirements and develop differentiated solutions across categories and markets.' Commenting on the performance and financial priorities, Jagdish Agarwal, group chief financial officer at SH Kelkar and Company, said: 'The Fragrance segment delivered healthy growth during Q1 FY27, while the Flavour segment recorded strong growth across geographies and was a key contributor to the overall performance. The global environment remains fluid, with geopolitical developments and volatility in select raw material prices requiring close monitoring. Our strategic inventory build-up has provided greater supply assurance and supported business continuity, while also resulting in higher working capital requirements. Debt levels remain consistent with our earlier guidance. Looking ahead through FY27, the pace of revenue growth may vary across quarters depending on the timing of customer orders, with margins influenced by changes in product mix, raw material costs and the phasing of operating expenses. Notwithstanding these quarterly variations, the current business momentum keeps us on track to deliver double-digit revenue growth and improved margins for the full year.' Meanwhile, the board approved the sale of the company's entire equity stake in Keva Ventures (KVPL), its wholly owned subsidiary, to Keva Aromatics, a promoter group company for an aggregate considerations of Rs 45,85,000. S H Kelkar and Company (SHK) is the largest Indian-origin Fragrance & Flavour Company in India. Its fragrance products and ingredients are used as a raw material in personal wash, fabric care, skin and hair care, fine fragrances and household products. Its flavour products are used as a raw material by producers of baked goods, dairy products, beverages and pharmaceutical products. The Company offers products under SHK, Cobra and Keva brands.Powered by Capital Market - Live

Net profit of S H Kelkar & Company rose 77.55% to Rs 45.40 crore in the quarter ended June 2026 as against Rs 25.57 crore during the previous quarter ended June 2025. Sales rose 14.06% to Rs 659.77 crore in the quarter ended June 2026 as against Rs 578.43 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales659.77578.43 14 OPM %13.3212.63 - PBDT73.6960.93 21 PBT38.5734.56 12 NP45.4025.57 78 Powered by Capital Market - Live

S H Kelkar & Company will hold a meeting of the Board of Directors of the Company on 28 July 2026.

The company said gross margins remained stable during the quarter compared with the corresponding period of the previous year. Net debt stood at around Rs. 864 crore as of June 30, 2026, reflecting planned investments in capacity expansion and capabilities, along with a strategic inventory build-up to support business continuity amid a fluid operating environment. The company added that the financial information is based on provisional and unaudited consolidated financial results and is subject to a limited review by its statutory auditors. S H Kelkar and Company is engaged in the manufacturing, supply, and export of fragrances and aroma ingredients. It is the largest domestic fragrance producer in India and the only Indian-origin company to have filed patents in the field of fragrances and novel aroma molecules. The company's consolidated net profit surged 202.3% to Rs 102.52 crore in Q4 FY25, while revenue from operations increased 10.4% to Rs 564.44 crore compared with Q4 FY24. The scrip rose 0.58% to Rs 129.40 on the BSE. Powered by Capital Market - Live

S H Kelkar & Company announced that the 70th Annual General Meeting(AGM) of the company will be held on 31 July 2026.