S H Kelkar Announces Strategic Divestment as Q1 Consolidated Results Show Profit for the Quarter Ending June 30, 2026
S H Kelkar and Company Limited has announced that it has divested its entire equity stake in Keva Ventures Private Limited (KVPL), a wholly owned subsidiary. The divestiture, approved by the Board of Directors on July 28, 2026, means both KVPL and Amikeva Private Limited will cease to be subsidiaries of S H Kelkar and Company Limited following the transaction completion.The sale was completed with Keva Aromatics Private Limited (KAPL), a Promoter Group Company. The management stated that this divestment represents no meaningful impact on the Group's consolidated performance and supports the company’s strategic goal to optimize its portfolio and focus resources on opportunities aimed at long-term success. The transition of ownership is intended to allow KVPL and Amikeva to pursue new growth pathways under their new owners.
S H Kelkar also released the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, which were approved by the Board of Directors on July 28, 2026.
Q1 2026 Financial Highlights
The company reported strong consolidated results for the period ended June 30, 2026. Revenue from operations stood at Rs 662.42 crores, and Total Income reached Rs 663.23 crores. Profit before tax from continuing operations was recorded at Rs 68.52 crores.The Net Profit attributable to Owners for the quarter was reported at Rs 45.40 crores, resulting in a Total Comprehensive Income of Rs 37.67 crores.
Key financial metrics for S H Kelkar and Company Limited (consolidated) are summarized below:
| Particulars | Quarter Ended June 30, 2026 (Unaudited) | Quarter Ended March 31, 2026 | Quarter Ended June 30, 2025 (Unaudited) | Year Ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | Rs 662.42 crores | Rs 649.58 crores | Rs 580.50 crores | Rs 2,367.12 crores |
| Total Income | Rs 663.23 crores | Rs 656.85 crores | Rs 581.31 crores | Rs 2,376.64 crores |
| Profit before Tax from Continuing Operations | Rs 68.52 crores | Rs 15.34 crores | Rs 34.56 crores | Rs 112.43 crores |
| Net Profit attributable to Owners | Rs 45.40 crores | Rs 1.85 crores | Rs 25.57 crores | Rs 69.26 crores |
| Total Comprehensive Income for the Period | Rs 37.67 crores | Rs 7.76 crores | Rs 54.32 crores | Rs 117.68 crores |
Operational Segments and Divisional Performance
The Group operates in two reportable segments: Fragrances and Flavours. The financial performance of these segments is detailed below for the quarter ended June 30, 2026.| Segment Revenue / Results (in ₹ crores) | Quarter Ended June 30, 2026 | Quarter Ended March 31, 2026 | Quarter Ended June 30, 2025 | Year Ended March 31, 2026 |
|---|---|---|---|---|
| Segment Revenue (Total) | Rs 659.77 | Rs 646.97 | Rs 578.43 | Rs 2,357.51 |
| Fragrance Segment Revenue | Rs 547.79 | Rs 584.17 | Rs 509.83 | Rs 2,117.40 |
| Flavours Segment Revenue | Rs 111.98 | Rs 62.80 | Rs 68.60 | Rs 240.11 |
| Total Profit Before Tax from Continuing Operations | Rs 68.52 | Rs 15.34 | Rs 36.67 | Rs 112.43 |
Divestment Details: Keva Ventures Private Limited (KVPL)
The divestiture involves S H Kelkar and Company Limited selling its equity stake in Keva Ventures Private Limited (KVPL) to Keva Aromatics Private Limited (KAPL). KAPL, a Promoter Group Company established on August 03, 2011, was the buyer. The transaction is classified as a Related Party Transaction conducted at arm's length.Upon completion of the sale, both KVPL and its subsidiary, Amikeva Private Limited, will cease to be subsidiaries of S H Kelkar and Company Limited.
Standalone Financial Results Summary
The company also reported its Unaudited Standalone Financial Results for the quarter ended June 30, 2026, against which key figures are presented:| Particulars (₹ in crores) | Quarter Ended June 30, 2026 | Quarter Ended March 31, 2026 | Quarter Ended June 30, 2025 | Year Ended March 31, 2026 |
|---|---|---|---|---|
| Revenue from Operations | Rs 337.05 | Rs 336.43 | Rs 339.22 | Rs 1,280.12 |
| Total Income | Rs 338.50 | Rs 351.88 | Rs 340.28 | Rs 1,314.43 |
| Profit for the Period/Year | Rs 15.21 | Rs 0.01 | Rs 4.10 | Rs 33.36 |
| Total Comprehensive Income | Rs 15.72 | Rs 1.37 | Rs 3.90 | Rs 33.41 |
The results were reviewed by the Audit Committee and subsequently approved by the Board of Directors.
SHK Stock Price Movement
Shares of S H Kelkar and Company Limited today tumbled, shedding 3.54% to close at ₹143.97. The stock witnessed a total traded volume of 416,488 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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