S H Kelkar Reports Revenue Growth of 11.5% in FY2026
Mumbai, April 3, 2026: S H Kelkar and Company Ltd (SHK), a leading Indian fragrance and flavours company, announced a business update for the quarter ended March 31, 2026, and for the fiscal year.The company’s consolidated revenues for the year ended March 31, 2026, reached Rs. 2,355 crore, representing an approximate 11.5% increase compared to the previous year. Gross margins remained stable sequentially during the quarter.
As of March 31, 2026, the net debt stood at Rs. 789 crore, attributable to ongoing investments in capacity expansion and capability building.
S H Kelkar noted a fluid operating environment influenced by inflationary pressures and geopolitical developments in the Middle East. The company stated it is prioritizing uninterrupted customer supplies while implementing measures to safeguard margins and maintain operational stability, with an emphasis on value-accretive growth. Inventory levels were reduced during the quarter, while maintaining adequate coverage for commodities impacted by the Middle East crisis.
The financial information provided is based on provisional and unaudited consolidated results, pending a limited review by the company’s statutory auditors.
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