S H Kelkar And Company Ltd · NSE:SHK
S H Kelkar And — Q1 FY2025 Earnings Presentation
22 slides from S H Kelkar And's earnings presentation, Aug 13, 2024
Slide 1: Exchange submission letter for earnings presentation
August 13, 2024 To To The Manager The Manager The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P. J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 5394
Slide 2: S H Kelkar and Company Limited Q1 FY25 Earnings Presentation
S H KELKAR AND COMPANY LIMITED Q1 FY25 Earnings Presentation August 13, 2024
Slide 3: Disclaimer
Disclaimer Certain statements and opinions with respect to the anticipated future performance of SH Kelkar (SHK) in the presentation (“forward-looking statements”), which reflect various assumptions concerning the strategies, objectives and anticipated results may or may not prove to be correct. Suc
Slide 4: Management Comment
Management Comment Commenting on the performance, Mr. Kedar Vaze, Whole Time Director & CEO at SH Kelkar and Company Ltd. said: "We have delivered a strong financial performance this quarter, driven by positive demand sentiments across segments. We achieved 11.3% (excl. NuTaste) revenue growth in Q1
Slide 5: Key Development
Key Development Incorporation of step-down subsidiary – Keva Germany GmbH Incorporated Keva Germany GmbH to serve as a Creative Development Centre (CDC) for European operations, while also providing support to customers in Dubai and Middle East Update on Debt Position The Company’s net debt incr
Slide 6: Update on the Fire Incident at the Vashivali Fragrance Facility
Update on the Fire Incident at the Company’s Fragrance facility located at Vashivali A fire incident occurred at the Company’s Vashivali facility in April 2024 There was no loss of human life, and the safety of all personnel was ensured The Company has comprehensive insurance coverage includin
Slide 7: Q1 FY25 – Key Financial Highlights
Q1 FY25* – Key Financial Highlights Total Income Gross Profit EBITDA** Cash Profit 56 83 48 471 222 423 71 184 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Shift % (Y-o-Y) 11% 20% 18% 17% Margins % 43.8% 47.4% 16.7% 17.7% 11.3% 11.9% • Company reported a strong financial performan
Slide 8: Revenue Performance (excl Global Ingredients) – Q1 FY25
Q1 FY24 Q1 FY25 Revenue Performance (excl Global Ingredients) – Q1 FY25 Business Segment Market Segment 347 309 381 407 98 102 26 41 Fragrances Flavour Emerging Market Europe Shift % (Y-o-Y) 7% 57% Shift % (Y-o-Y) 12% 4% *Europe core business grew by 10% with a drop in contract manufacturing busines
Slide 9: Segmental Performance (excl Global Ingredients) – Q1 FY25
Segmental Performance (excl Global Ingredients) – Q1 FY25 Fragrance Division - Revenue Fragrance Division - EBIT 381 407 57 53 Fragrance division remained resilient, with Fragrance revenues in India growing by around 7% YoY despite the challenges Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 from the April fire
Slide 10: Segmental Performance Region-wise
Segmental Performance Region-wise Fragrance (excl Global Ingredients) Revenue Break-up – Q1 FY25 Revenue Q1 FY25 RoW, 14% Y-o-Y Growth (%) India -0.3%* Europe, Europe 6% 28% India, 59% Rest of the World (RoW) 63% Total Growth 7% *Considering the Rs. 30 crore revenue impact due to Flavours disruption
Slide 11: Europe Core Business Performance (Euro Mn)
Europe Core Business Performance (Euro Mn) Revenue Core Gross Margins (%) EBITDA (%) 57.1% 18.8% 18.6% 53.5% 10.0 9.0 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Shift % (Y-o-Y) 10% Core business in Europe delivered 10% revenue growth on a like-for-like basis ‒ Growth of both Creative Flavours
Slide 12: Global Ingredients – Q1 FY25
Global Ingredients – Q1 FY25 Revenue 19 13 Q1 FY24 Q1 FY25 Global Ingredients achieved strong revenue Shift % (Y-o-Y) 41% performance for the period under review Over the past fiscal year, the Company has concentrated on enhancing productivity, minimizing losses, and executing backward EBIT inte
Slide 13: Balance Sheet Snapshot – As on June 30, 2024
Balance Sheet Snapshot – As on June 30, 2024 542 1,113 912 108 0.49x Networth Net Debt Fixed Assets Cash & Investments & Net Debt to Equity (x) Note: 12 1) Figures in Rs. crore unless specified otherwise
Slide 14: Annexure
Annexure 13
Slide 15: Consolidated Summarized P&L Statement
Consolidated Summarized P&L Statement Particulars (Rs. crore) Q1 FY25 Q4 FY24 Q1 FY24 YoY Gr % Revenues from Operations Sales 454.7 493.7 403.5 12.7% Sales - Contract Manufacturing 13.2 17.7 17 -22.2% Other Operating Income 2.4 1.9 2.1 14.6% Revenue from operations 470.3 513.3 422.6 11.3% Other Inco
Slide 16: Conference Call Details
Conference Call Details S H Kelkar and Company – Q1 FY25 Earnings Conference Call Time • 11:30 am IST on Wednesday, August 14, 2024 Primary dial-in number • +91 22 6280 1141 • +91 22 7115 8042 To enable participants to connect to the conference call without having to Pre-registration wait for an ope
Slide 17: About Us
About Us S H Kelkar and Company Limited (SHK) is the largest Indian-origin Fragrance & Flavour Company For further information please contact: in India. It has a long-standing reputation in the fragrance industry, developed over 100 years of experience. Its fragrance products and ingredients are use
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Slide 19: S H Kelkar announces Q1 FY2025 results
S H Kelkar and Company Limited Corporate Office: L.B.S Marg, Near Balrajeshwar Temple, Mulund (W), Mumbai – 400080 Registered Office: Devkaran Mansion, 36, Mangaldas Road, Mumbai 400 002. S H Kelkar announces Q1 FY2025 results Q1 FY2025* Revenue from operations grew 11.3% to Rs. 470 cr EBITDA** stoo
Slide 20: Commenting on the performance, Mr. Kedar Vaze
Commenting on the performance, Mr. Kedar Vaze, Whole Time Director and Group CEO at SH Kelkar and Company said, "We have delivered a strong financial performance this quarter, driven by positive demand sentiments across segments. We achieved 11.3% (excl. NuTaste) revenue growth in Q1, with our Fragr
Slide 21: Update on the Fire Incident at the Vashivali Fragrance Facility
Update on the Fire Incident at the Company’s Fragrance facility located at Vashivali A fire incident occurred at the Company’s Vashivali facility in April 2024 There was no loss of human life, and the safety of all personnel was ensured The Company has comprehensive insurance coverage includin
Slide 22: About S H Kelkar and Company Limited
About S H Kelkar and Company Limited: S H Kelkar and Company Limited (SHK) is the largest Indian-origin Fragrance & Flavour Company in India. It has a long-standing reputation in the fragrance industry, developed over 100 years of experience. Its fragrance products and ingredients are used as a raw
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