S H Kelkar And Company Ltd · NSE:SHK
S H Kelkar And — Q1 FY2024 Earnings Presentation
19 slides from S H Kelkar And's earnings presentation, Aug 7, 2023
Slide 1: Submission of Earnings Presentation and Press Release cover letter
August 07, 2023 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 announces Q1 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 Q1 FY2024 results Q1 FY2024 Revenue from operations grow 7.3% to Rs. 445.5 cr EBITDA* stood
Slide 3: Management commentary on Q1 FY24 performance
Commenting on the performance, Mr. Kedar Vaze, Whole Time Director and Group CEO at SH Kelkar and Company said, “We have started FY2024 on a positive note, with a steady growth of 7.7% from operations during Q1 FY24. Growth rates in the Indian markets stood out, registering at 12.1%, a result of hea
Slide 4: 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
Slide 5: S H Kelkar and Company Limited Q1 FY24
S H KELKAR AND COMPANY LIMITED Q1 FY24 Earnings Presentation August 07, 2023
Slide 6: 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 7: Management Comment
Management Comment Commenting on the performance, Mr. Kedar Vaze, Whole Time Director & CEO at SH Kelkar and Company Ltd. said: “We have started FY2024 on a positive note, with a steady growth of 7.7% from operations during Q1 FY24. Growth rates in the Indian markets stood out, registering at 12.1%,
Slide 8: Q1 FY24 – Key Financial Highlights
Q1 FY24 – Key Financial Highlights Total Income Gross Profit EBITDA* Cash Profit 74 49 446 55 42 415 194 161 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Shift % (Y-o-Y) 7.3% 20.2% 33.4% 16.9% Margins % 39.2% 43.7% 13.3% 16.5% 10.1% 11.0% • Reported steady organic growth of 7.4% d
Slide 9: Revenue Performance (excl Global Ingredients) – Q1 FY24
Revenue Performance (excl Global Ingredients) – Q1 FY24 Business Segment Market Segment 380 343 332 303 93 98 53 49 Fragrances Flavour Emerging Market Europe Shift % (Y-o-Y) 10.9% -6.8% Shift % (Y-o-Y) 9.5% 5.4% Geography Wise 226 254 98 108 71 68 India Europe ROW Shift % (Y-o-Y) 12.1% *10.0% -4.7%
Slide 10: Segmental Performance (excl Global Ingredients) – Q1 FY24
Segmental Performance (excl Global Ingredients) – Q1 FY24 Fragrance Division - Revenue Fragrance Division - EBIT 380 343 Core Fragrance division showcased healthy performance during the quarter 53 42 − Fragrance revenues in India grew by 12.6% YoY led by traction in certain underlying FMCG categor
Slide 11: Segmental Performance Region-wise
Segmental Performance Region-wise Fragrance (excl Global Ingredients) Revenue Break-up – Q1 FY24 Revenue Q1 FY24 RoW, 15% Y-o-Y Growth (%) India 12.6% Europe, Europe** 9.2% India, 56% 29% Rest of the World (RoW) 2.2% Total Growth 9.9% Flavours Revenue Break-up – Q1 FY24 Revenue Q1 FY24 RoW, 22% Y-o-
Slide 12: Europe Core Business Performance (Euro Mn)
Europe Core Business Performance (Euro Mn) Revenue Core Gross Margins (%) EBITDA (%) 8.8 9.0 54.6% 44.4% 23.5% 13.9% Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Shift % (Y-o-Y) 3.0% SHK has delivered a steady performance in Europe Given the lower margins in the base quarter, the Company witn
Slide 13: Global Ingredients – Q1 FY24
Global Ingredients – Q1 FY24 Revenue 16 14 Note: Cash and cash equivalent includes investments in mutual fund Q1 FY23 Q1 FY24 Over recent years, the Global Ingredients segment has witnessed considerable Shift % (Y-o-Y) -12.7% cost pressures owing to raw material shortages and dependence on China
Slide 14: Balance Sheet Snapshot – As on June 30, 2023
Balance Sheet Snapshot – As on June 30, 2023 513 1,092 927 70 0.47x Networth Net Debt Fixed Assets Cash & Investments & Net Debt to Equity (x) Note: 10 1) Figures in Rs. crore unless specified otherwise
Slide 15: Annexure
Annexure 11
Slide 16: Consolidated Summarized P&L Statement
Consolidated Summarized P&L Statement Particulars (Rs. crore) Q1 FY24 Q4 FY23 Q1 FY23 YoY Gr % Revenues from Operations Sales 426.4 447.1 390.7 9.1% Sales - Contract Manufacturing 17.0 22.6 20.7 -18.1% Other Operating Income 2.2 2.7 3.6 -40.6% Revenue from operations 445.5 472.4 415.0 7.3% Other Inc
Slide 17: Conference Call Details
Conference Call Details S H Kelkar and Company – Q1 FY24 Earnings Conference Call Time • 12.00 noon IST on August 08, 2023 Primary dial-in number • +91 22 6280 1141 • +91 22 7115 8042 • Hong Kong: 800 964 448 International Toll-Free Number • Singapore: 800 101 2045 • UK: 0 808 101 1573 • USA: 1 866
Slide 18: 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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