S H Kelkar And Company Ltd · NSE:SHK
S H Kelkar And — Q3 FY25 Earnings Presentation
18 slides from S H Kelkar And's earnings presentation, Feb 12, 2025
Slide 1: Cover letter to stock exchanges
February 12, 2025 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: 53
Slide 2: Q3 & 9M FY25 Earnings Presentation
S H KELKAR AND COMPANY LIMITED Q3 & 9M FY25 Earnings Presentation February 13, 2025
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 continued to witness positive business sentiment in India, marked by market share gains in select product categories. Demand across key international regions also remai
Slide 5: Q3 & 9M FY25 – Key Financial Highlights
Q3 & 9M FY25* – Key Financial Highlights Total Income Gross Profit EBITDA** Cash Profit 683 1,578 239 156 579 153 1,332 214 474 544 205 224 54 76 70 41 Q3 FY24 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q3 FY25 9M FY24 9M FY25 Shift % (Y-o-Y) 14.8
Slide 6: Revenue Performance (excl Global Ingredients) – Q3 & 9M FY25
Q3 FY24 Q3 FY25 9M FY24 9M FY25 Revenue Performance (excl Global Ingredients) – Q3 & 9M FY25 Business Segment Market Segment 1,367 1,190 1,183 991 416 478 363 421 289 313 91 129 95 105 42 48 Fragrances Flavour Emerging Market Europe Shift % (Y-o-Y) 15.0% 14.9% 14.5% 41.5% Shift % (Y-o-Y) 16.1% 19.3%
Slide 7: Segmental Performance (excl Global Ingredients) – Q3 & 9M FY25
Segmental Performance (excl Global Ingredients) – Q3 & 9M FY25 Fragrance Division - Revenue Fragrance Division - EBIT The Core Fragrance division delivered strong revenue growth during the period 1,367 144 under review, supported by higher 1,190 123 volumes driven by rising demand 478 50 Margins
Slide 8: Segmental Performance Region-wise
Segmental Performance Region-wise Fragrance (excl Global Ingredients) Revenue Break-up – Q3 FY25 Revenue Q3 FY25 9M FY25 RoW, 17% Y-o-Y Growth (%) India 23.5% 19.3% Europe, Europe 8.7% 9.5% 24% India, 59% Rest of the World (RoW) -1.1% 8.7% Total Growth 15.0% 14.9% Flavours Revenue Break-up – Q3 FY25
Slide 9: Europe Core Business Performance (Euro Mn)
Europe Core Business Performance (Euro Mn) Revenue Core Gross Margins (%) EBITDA (%) 55.0% 56.8% 29.1 20.4% 26.0 18.4% 9M FY24 9M FY25 9M FY24 9M FY25 9M FY24 9M FY25 Shift % (Y-o-Y) 11.8% The company's core European business maintained healthy double-digit growth, posting an 11.8% revenue increas
Slide 10: Global Ingredients – Q3 & 9M FY25
Global Ingredients – Q3 & 9M FY25 Revenue 52.2 40.4 11.6 14.7 Q3 FY24 Q3 FY25 9M FY24 9M FY25 The turnaround of the Global Ingredients Shift % (Y-o-Y) 26.6% 29.2% segment remains on track, supported by initiatives implemented in previous years and a continued focus on operational EBIT optimization
Slide 11: Balance Sheet Snapshot – As on December 31, 2024
Balance Sheet Snapshot – As on December 31, 2024 703 1,165 916 94 0.60x Networth Net Debt Fixed Assets Cash & Investments & Net Debt to Equity (x) Note: 10 1) Figures in Rs. crore unless specified otherwise
Slide 12: Annexure
Annexure 11
Slide 13: Consolidated Summarized P&L Statement
Consolidated Summarized P&L Statement Particulars (Rs. crore) Q3 FY25 Q2 FY25 Q3 FY24 YoY Gr % 9M FY25 9M FY24 YoY Gr % Revenues from Operations Sales 521.4 522.6 449.8 15.9% 1,498.7 1,265.1 18.5% Sales - Contract Manufacturing 19.4 17.0 19.4 -0.1% 49.6 56.1 -11.6% Other Operating Income 2.5 2.8 2.5
Slide 14: 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
Slide 15: 14
14
Slide 16: S H Kelkar announces Q3 & 9M 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 Q3 & 9M FY2025 results 9M FY2025* Revenue from operations grew 17% to Rs. 1,556 cr EBITDA**
Slide 17: Management commentary on performance
*Figures exclude NuTaste Food and Drink Labs, which the Company has entered into a Share Purchase Agreement to divest 40% stake Commenting on the performance, Mr. Kedar Vaze, Whole Time Director and Group CEO at SH Kelkar and Company said, “We continued to witness positive business sentiment in In
Slide 18: 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
S H Kelkar and Company — Q3 FY25 Earnings Presentation on 6ix