S H Kelkar and Company Limited - Business Update - Q1 FY 2024-25

S H Kelkar and Company Ltd (SHK), the largest Indian origin Fragrance and Flavours Company in India, has announced the business update for Q1 FY 2025.

Operational Update:

- During the quarter, business sentiments remained positive, with healthy demand witnessed across various segments. The fragrance division registered a growth of ~ 5% YoY in Q1 FY2025. This performance was achieved despite the key fragrance facility in Vashivali being impacted by a fire incident in April, which resulted in an order backlog. The division's growth could have been even stronger without the disruption caused by the fire. The backlog is expected to be cleared in the upcoming quarters

- On a consolidated basis, Q1 FY2025 revenues stood at ~ Rs. 456 crore Vs Rs 420 Cr in Q1 FY2024, marking ~ 8% plus YoY growth (provisional and unaudited figure)

- Raw material supply situations remained stable overall, though some pockets are seeing firmness. Increased volumes and prudent inventory management have supported healthy profitability despite the higher costs associated with managing the fire incident during the quarter

- On the balance sheet front, net debt increased to ₹ 550 crore as of June 30, 2024 (provisional and unaudited figure), due to the need to replenish inventory following the fire

Note: All figures mentioned in the business update are provisional and unaudited. Figures exclude NuTaste Food and Drink Labs, which the Company has entered into a Share Purchase Agreement to divest 40% stake.

Shares of S H Kelkar and Company Limited was last trading in BSE at Rs. 185.25 as compared to the previous close of Rs. 185.65. The total number of shares traded during the day was 213582 in over 3781 trades.

The stock hit an intraday high of Rs. 188.75 and intraday low of 184.55. The net turnover during the day was Rs. 39872776.00.

Source : Equity Bulls

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SHKelkarandCompany INE500L01026 SHK BusinessUpdate Q1FY2025