Q2 2026 S H Kelkar and Company Ltd Earnings Call Transcript

Nov 12, 2025 / 12:00 PM GMT

Release Date Price: ₹180.6 (-2.14%)

Transcript

Key Points

Positve

S H Kelkar & Co Ltd (BOM:539450) reported a consolidated revenue growth of 12% year-on-year, driven by steady demand across core categories.
The fragrance business sustained its growth momentum, supported by stronger relationships with small and mid-sized clients.
The flavor division delivered a healthy performance across both domestic and export markets.
The brownfield expansion in the Netherlands is progressing as scheduled, expected to address capacity bottlenecks and improve cost efficiency.
The company is focused on long-term growth, with investments in expanding creative centers and capacity enhancement projects across India, Europe, and the US.

Negative

The European fragrance business experienced muted sales due to a challenging business environment.
The ingredient segment had a muted quarter, impacted by demand softness and uncertainty arising from tariffs.
Reported margins were lower during the quarter, reflecting ongoing investments in new geographies.
Additional insurance costs of INR 7 crore were incurred during the period, impacting profitability.
There is a delay in traction with global MNC clients, with growth largely driven by domestic small and medium clients.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SHKE.NS - S H Kelkar And Company Ltd
Q2 2026 S H Kelkar and Company Ltd Earnings Call
Nov 12, 2025 / 12:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Ladies and gentlemen, Good day and welcome to SH Fser and Company Limited earnings conference call.

As a reminder, all parsimon lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during this conference call, please signal an operator by pressing 0 on your touchstone phone. Please note that this conference is being recorded.

And I'll hand the conference over to Mr. No Pujari from CDR India.

Thank you and over to you, sir.

--------------------------------------------------------------------------------
Unidentified_2 [2]
------------------------------------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.