S H Kelkar And Company Ltd · NSE:SHK
S H Kelkar And — Q4 FY2025 Earnings Presentation
19 slides from S H Kelkar And's earnings presentation, May 17, 2025
Slide 1: Cover letter to stock exchanges
May 16, 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: 539450
Slide 2: Q4 & FY25 Earnings Presentation
S H KELKAR AND COMPANY LIMITED Q4 & FY025 Earnings Presentation May 16, 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 are pleased with our performance for the year, having delivered a strong 15% revenue growth. This was driven by sustained demand across segments, with notable traction
Slide 5: Q4 & FY25 – Key Financial Highlights
Q4 & FY25* – Key Financial Highlights Total Income Gross Profit EBITDA** Cash Profit 917 804 317 2,147 303 224 1,847 209 569 225 234 90 515 78 56 51 Q4 FY24 Q4 FY25 FY24 FY25 Q4 FY24 Q4 FY25 FY24 FY25 Q4 FY24 Q4 FY25 FY24 FY25 Q4 FY24 Q4 FY25 FY24 FY25 Shift % (Y-o-Y) 10.6% 16.3% 3.8% 14.0% -12.4% 4
Slide 6: Revenue Performance (excl Global Ingredients) – Q4 & FY25
Q4 FY24 Q4 FY25 FY24 FY25 Revenue Performance (excl Global Ingredients) – Q4 & FY25 Business Segment Market Segment 1,859 1,632 1,620 1,380 442 492 389 437 396 424 107 111 54 57 145 185 Fragrances Flavour Emerging Market Europe Shift % (Y-o-Y) 11.3% 13.9% 4.1% 27.5% Shift % (Y-o-Y) 12.4% 17.4% 3.9%
Slide 7: Segmental Performance (excl Global Ingredients) – Q4 & FY25
Segmental Performance (excl Global Ingredients) – Q4 & FY25 Fragrance Division - Revenue Fragrance Division - EBIT Fragrance 1,859 1,632 Delivered healthy revenue growth for the year, led by rising demand in the domestic 200 158 market 442 492 56 35 Margins remained impacted due to elevated raw
Slide 8: Segmental Performance Region-wise
Segmental Performance Region-wise Fragrance (excl Global Ingredients) Revenue Break-up – Q4 FY25 Revenue Q4 FY25 FY25 RoW, 18% Y-o-Y Growth (%) India 18.7% 19.1% Europe, Europe 0.6% 7.0% India, 57% 25% Rest of the World (RoW) 6.2% 8.1% Total Growth 11.3% 13.9% Flavours Revenue Break-up – Q4 FY25 Rev
Slide 9: Europe Core Business Performance (Euro Mn)
Europe Core Business Performance (Euro Mn) Revenue Core Gross Margins (%) EBITDA (%) 55.7% 56.3% 22.1% 23.2% 39.0 36.0 FY24 FY25 FY24 FY25 FY24 FY25 Shift % (Y-o-Y) 8.4% The Company’s core European operations continued to perform well, delivering 8.4% revenue growth on a like-for-like basis Oper
Slide 10: Global Ingredients – Q4 & FY25
Global Ingredients – Q4 & FY25 Revenue 68.5 55.9 15.4 16.3 Q4 FY24 Q4 FY25 FY24 FY25 Global Ingredients segment continues to Shift % (Y-o-Y) 5.3% 22.6% make steady progress Segment delivered a meaningful improvement in performance during the year, moving from an EBIT loss in the EBIT previous ye
Slide 11: Balance Sheet Snapshot – As on March 31, 2025
Balance Sheet Snapshot – As on March 31, 2025 658 1,272 999 87 0.52x 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) Q4 FY25 Q3 FY25 Q4 FY24 YoY Gr % FY25 FY24 YoY Gr % Revenues from Operations Sales 543.8 521.4 493.7 10.1% 2,042.5 1,758.8 16.1% Sales - Contract Manufacturing 20.7 19.4 17.7 16.7% 70.3 73.8 -4.8% Other Operating Income 2.9 2.5 2.0 50.8%
Slide 14: Consolidated Balance Sheet
Consolidated Balance Sheet Consolidated Statement of Assets and Liabilities As at March 31, 2025 As at March 31, 2024 Consolidated Statement of Assets and Liabilities As at March 31, 2025 As at March 31, 2024 Particulars Audited Audited Particulars Audited Audited A ASSETS B EQUITY AND LIABILITIES N
Slide 15: 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 16: 15
15
Slide 17: S H Kelkar announces Q4 & 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 Q4 & FY2025 results FY2025* Revenue from operations grew 15% to Rs. 2,123 cr EBITDA** stood
Slide 18: Management commentary on FY2025 performance
Commenting on the performance, Mr. Kedar Vaze, Whole Time Director and Group CEO at SH Kelkar and Company said, “We are pleased with our performance for the year, having delivered a strong 15% revenue growth. This was driven by sustained demand across segments, with notable traction in the domestic
Slide 19: 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 — Q4 FY2025 Earnings Presentation on 6ix