S H Kelkar And Company Ltd · NSE:SHK
S H Kelkar And — H1 FY25 Earnings Presentation
22 slides from S H Kelkar And's earnings presentation, Nov 14, 2024
Slide 1: Exchange submission letter for earnings presentation
November 14, 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: 53
Slide 2: Q2 & H1 FY25 Earnings Presentation
S H KELKAR AND COMPANY LIMITED Q2 & H1 FY25 Earnings Presentation November 14, 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 are pleased to report a healthy financial performance for the period under review, driven by positive business sentiment and steady demand across various segments. This
Slide 5: Key Development
Key Development Incorporation of a new Creative Development Centre (CDC) in Manchester, UK • This initiative aligns with the Company’s vision to reinforce its presence in the Global market • Centre is expected to attract a talent pool of perfumers, supporting innovation and excellence in product dev
Slide 6: Q2 & H1 FY25 – Key Financial Highlights
Q2 & H1 FY25* – Key Financial Highlights Total Income Gross Profit EBITDA** Cash Profit 459 169 1,034 115 374 138 99 858 563 237 86 59 435 190 70 51 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Shift % (Y-o-Y) 29.5% 2
Slide 7: Revenue Performance (excl Global Ingredients) – Q2 & H1 FY25
Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Revenue Performance (excl Global Ingredients) – Q2 & H1 FY25 Business Segment Market Segment 890 774 763 629 483 417 393 320 194 208 81 97 106 23 40 49 Fragrances Flavour Emerging Market Europe Shift % (Y-o-Y) 22.7% 15.0% 72.6% 64.2% Shift % (Y-o-Y) 30.3% 21.4% 9.3% 6
Slide 8: Segmental Performance (excl Global Ingredients) – Q2 & H1 FY25
Segmental Performance (excl Global Ingredients) – Q2 & H1 FY25 Fragrance Division - Revenue Fragrance Division - EBIT ▪ Core Fragrance division reported healthy 890 94 95 revenue performance during the review 774 period, driven by higher volumes 483 47 47 ▪ The recovery of the Vashivali facility 393
Slide 9: Segmental Performance Region-wise
Segmental Performance Region-wise Fragrance (excl Global Ingredients) Revenue Break-up – Q2 FY25 Revenue Q2 FY25 H1 FY25 RoW, 16% Y-o-Y Growth (%) India 24.7% 17.7% Europe, Europe 13.8% 9.8% 25% India, 59% Rest of the World (RoW) 30.2% 14.0% Total Growth 22.7% 15.0% Flavours Revenue Break-up – Q2 FY
Slide 10: Europe Core Business Performance (Euro Mn)
Europe Core Business Performance (Euro Mn) Revenue Core Gross Margins (%) EBITDA (%) 53.9% 57.3% 21.1% 20.4% 19.6 17.6 H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 Shift % (Y-o-Y) 11.5% ▪ European core business posted healthy double-digit growth, achieving 11.5% revenue growth on a like- for-like
Slide 11: Global Ingredients – Q2 & H1 FY25
Global Ingredients – Q2 & H1 FY25 Revenue 36.5 28.8 15.3 17.5 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 ▪ Turnaround of the Global Ingredients Shift % (Y-o-Y) 14.1% 26.9% segment continues, aided by structural initiatives undertaken in the past and a focus on optimizing operations and EBIT enhancing efficienc
Slide 12: Balance Sheet Snapshot – As on September 30, 2024
Balance Sheet Snapshot – As on September 30, 2024 592 1,164 945 134 0.53x Networth Net Debt Fixed Assets Cash & Investments & Net Debt to Equity (x) Note: 11 1) Figures in Rs. crore unless specified otherwise
Slide 13: Annexure
Annexure 12
Slide 14: Consolidated Summarized P&L Statement
Consolidated Summarized P&L Statement Particulars (Rs. crore) Q2 FY25 Q1 FY25 Q2 FY24 YoY Gr % H1 FY25 H1 FY24 YoY Gr % Revenues from Operations Sales 522.6 454.7 411.8 26.9% 977.3 815.3 19.9% Sales - Contract Manufacturing 17.0 13.2 19.8 -13.9% 30.2 36.7 -17.7% Other Operating Income 2.8 2.4 1.7 71
Slide 15: 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 16: Conference Call Details
Conference Call Details S H Kelkar and Company – Q2 & H1 FY25 Earnings Conference Call Time • 11:00 am IST on Monday, November 18, 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
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 Q2 & H1 FY2025 results
s 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 Q2 & H1 FY2025 results H1 FY2025* Revenue from operations grew 18.3% to Rs. 1,012.8 cr EB
Slide 20: Management commentary on performance
Commenting on the performance, Mr. Kedar Vaze, Whole Time Director and Group CEO at SH Kelkar and Company said, "We are pleased to report a healthy financial performance for the period under review, driven by positive business sentiment and steady demand across various segments. This quarter also sa
Slide 21: Key Developments
Key Developments Incorporation of a new Creative Development Centre (CDC) in Manchester, UK • This initiative aligns with the Company’s vision to reinforce its presence in the Global market • Centre is expected to attract a talent pool of perfumers, supporting innovation and excellence in product de
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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