S H Kelkar Q1 FY27 Revenue ₹662 Cr, EBITDA Margin 13.4%

S H Kelkar and Company Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a consolidated revenue of ₹662 crore, marking a 14% year-on-year increase. Gross margins remained stable, while EBITDA margin improved to 13.4% due to operating leverage. The Fragrance segment showed healthy growth, and the Flavour segment recorded strong performance across geographies. The company highlighted sustained demand, strong customer relationships, and a diversified product portfolio as key drivers. While acknowledging a dynamic operating environment and higher working capital due to strategic inventory build-up, management remains committed to deleveraging and expects double-digit revenue growth and improved margins for the full fiscal year.