Q4 2026 S H Kelkar and Company Ltd Earnings Call Transcript
Key Points
- S H Kelkar & Co Ltd (BOM:539450) reported encouraging revenue growth despite a dynamic operating environment, supported by resilient demand across core categories and progress in new markets.
- The company has successfully operationalized its Almere factory in the Netherlands, which will help de-bottleneck European growth and support full capacity utilization.
- Creative development centers across key markets are actively contributing to new product development, customer engagement, and market-specific innovation.
- The company is making good progress on its expansion initiatives, with the Vanute facility in Maharashtra expected to go on stream soon, enhancing operational capacity.
- S H Kelkar & Co Ltd (BOM:539450) is focused on building capabilities that support long-term growth, aiming to enhance global relevance with customers and support higher quality, higher margin growth.
- The company reported a one-off sale of approximately 35 crores of low or negative margin products as part of its ongoing portfolio optimization exercise.
- There is a temporary increase in borrowing levels due to inventory buildup, which may impact cash generation and balance sheet strength in the short term.
- The operating environment remains challenging with geopolitical and macroeconomic uncertainties, impacting raw material prices and supply-side dynamics.
- The company is experiencing high operating expenses related to new initiatives and development centers, which are not yet generating revenue.
- S H Kelkar & Co Ltd (BOM:539450) faces a high effective tax rate, impacting profit after tax performance at the consolidated level.
Ladies and Gentlemen, good day and welcome to the SH Kelkar & Company Limited earnings conference call hosted by CDR India. (Operator Instructions)
I will now hand the conference over to Mr. Anoop Poojari from CDR India for opening remarks. Thank you. And over to you, Anup.
Good morning, everyone, and thank you for joining us on SH Kelker and Company Limited's Q4 FY 2026 earnings conference call.
We have with us Mr. Kedar Vaze, full-time Director and Group CEO. Mr. B. Ramakrishnan, CEO, Fragrances Asia and USA; and Mr. Jagdish Agarwal, Group CFO of the company.
We begin the call with opening remarks from the management, following which we'll have the forum open for a question-and-answer session. Before we start, I would like to point out that some statements made in today's call may be forward-looking in nature, and a disclaimer to this effect has been included in the earnings presentation shared with you earlier.
I would now like to invite Kedar to make his opening remarks.
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