S H Kelkar And Company Ltd · NSE:SHK
S H Kelkar And — Q4 FY24 Earnings Presentation
24 slides from S H Kelkar And's earnings presentation, May 27, 2024
Slide 1: Exchange submission letter for earnings presentation
May 27, 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: 539450
Slide 2: Q4 & FY24 Earnings Presentation
S H KELKAR AND COMPANY LIMITED Q4 & FY24 Earnings Presentation May 27, 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 during the year despite a subdued demand scenario in the domestic FMCG space. Our robust results are driven by sustained m
Slide 5: Key Development
Key Development Healthy Sales Traction in Global MNC Account Successfully gained significant sales traction from a prestigious global MNC account, reflecting the dedicated efforts of R&D, perfumers, marketing, and other teams over the past two years. This achievement marks a significant mileston
Slide 6: Key Development
Key Development Update on Fire incident at the Company’s Fragrance facility located at Vashivali We faced a fire incident at our Vashivali facility on April 23, 2024. There was no loss of human life, and the safety of all personnel was ensured. The Company has comprehensive insurance coverage to c
Slide 7: Key Development
Key Development Incorporation of wholly owned subsidiary – Keva USA Inc To assess the potential of the U.S. market and capitalize on the portfolio of products, including patented molecules, the Company aims to cater to the local customer base accordingly Over the next 4-5 years, the Company aims
Slide 8: Q4 & FY24 – Key Financial Highlights
Q4 & FY24 – Key Financial Highlights Total Income Gross Profit EBITDA* Cash Profit 841 323 672 220 1,936 1,698 229 177 191 233 92 474 535 69 53 63 Q4 FY23 Q4 FY24 FY23 FY24 Q4 FY23 Q4 FY24 FY23 FY24 Q4 FY23 Q4 FY24 FY23 FY24 Q4 FY23 Q4 FY24 FY23 FY24 Shift % (Y-o-Y) 12.8% 14.0% 21.6% 25.1% 34.4% 41.
Slide 9: Revenue Performance (excl Global Ingredients) – Q4 & FY24
Q4 FY23 Q4 FY24 FY23 FY24 Revenue Performance (excl Global Ingredients) – Q4 & FY24 Business Segment Market Segment 1,633 1,470 1,417 1,277 388 442 359 409 354 396 214 234 101 107 72 74 Fragrances Flavour Emerging Market Europe Shift % (Y-o-Y) 14.1% 15.2% 2.1% 9.5% Shift % (Y-o-Y) 13.9% 15.1% 6.0% 1
Slide 10: Segmental Performance (excl Global Ingredients) – Q4 & FY24
Segmental Performance (excl Global Ingredients) – Q4 & FY24 Fragrance Division - Revenue Fragrance Division - EBIT The Core Fragrance division delivered a healthy performance during the review 1,633 period 1,417 228 In Q4FY24, revenues in India grew 160 by 13.1% 388 442 62 47 The Flavour segme
Slide 11: Segmental Performance Region-wise
Segmental Performance Region-wise Fragrance (excl Global Ingredients) Revenue Break-up – Q4 FY24 Revenue Q4 FY24 FY24 RoW, 19% Y-o-Y Growth (%) India 9.2% 13.1% India, 53% Europe 11.7% 14.3% Europe, 28% Rest of the World (RoW) 34.5% 23.9% Total Growth 14.0% 15.2% Flavours Revenue Break-up – Q4 FY24
Slide 12: Europe Core Business Performance (Euro Mn)
Europe Core Business Performance (Euro Mn) Revenue Core Gross Margins (%) EBITDA (%) 36.0 55.6% 33.5 47.5% 22.0% 11.0% FY23 FY24 FY23 FY24 FY23 FY24 Shift % (Y-o-Y) 7.4% Core business in Europe achieved 7.4% revenue growth on a like-for-like basis The recovering business environment supported gr
Slide 13: Global Ingredients – Q4 & FY24
Global Ingredients – Q4 & FY24 Revenue 54.8 45.8 9.9 15.1 Q4 FY23 Q4 FY24 FY23 FY24 Global Ingredients delivered healthy revenues for the period under review Shift % (Y-o-Y) 53% 20% In the last fiscal, the Company has been focusing on improving productivity, reducing losses, and implementing EBI
Slide 14: Balance Sheet Snapshot – As on March 31, 2024
Balance Sheet Snapshot – As on March 31, 2024 504 1,213 946 113 0.42x Networth Net Debt Fixed Assets Cash & Investments & Net Debt to Equity (x) Note: 13 1) Figures in Rs. crore unless specified otherwise
Slide 15: Annexure
Annexure 14
Slide 16: Consolidated Summarized P&L Statement
Consolidated Summarized P&L Statement Particulars (Rs. crore) Q4 FY24 Q3 FY24 Q4 FY23 YoY Gr % FY24 FY24 YoY Gr % Revenues from Operations Sales 513.4 474.1 447.1 14.8% 1,847.9 1,603.9 15.2% Sales - Contract Manufacturing 17.7 19.4 22.6 -21.8% 73.8 73.0 1.2% Other Operating Income 2.0 2.5 2.7 -25.7%
Slide 17: Consolidated Balance Sheet
Consolidated Balance Sheet Consolidated Statement of Assets and Liabilities As at March 31, 2024 As at March 31, 2023 Consolidated Statement of Assets and Liabilities As at March 31, 2024 As at March 31, 2023 Particulars Audited Audited Particulars Audited Audited A ASSETS B EQUITY AND LIABILITIES 1
Slide 18: Conference Call Details
Conference Call Details S H Kelkar and Company – Q4 & FY24 Earnings Conference Call Time • 5:30 pm IST on Tuesday, May 28, 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 operato
Slide 19: 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 21: S H Kelkar announces Q4 & FY2024 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 & FY2024 results FY 2024 Revenue from operations grew 14% to Rs. 1,930 cr EBITDA* stood
Slide 22: Note: Commenting on the performance, Mr. Kedar Vaze
Note: *EBITDA excluding tender fee amortization of Rs. 2.63 cr in Q4 FY24 and Rs. 10.52 cr in FY24 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 during the year despite a subdued dem
Slide 23: Key Developments
Key Developments Healthy Sales Traction in Global MNC Account Successfully gained significant sales traction from a prestigious global MNC account, reflecting the dedicated efforts of R&D, perfumers, marketing, and other teams over the past two years. This achievement marks a significant milesto
Slide 24: 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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