S H Kelkar FY26 Revenue Up 11.5% to ₹2,368 Cr; Q4 Revenue Grows 14.6%
S H Kelkar reported FY26 revenue of ₹2,368 crore, up 11.5% YoY. Q4 FY26 revenue increased 14.6% to ₹650 crore. Adjusted EBITDA for FY26 was ₹323 crore, with margins at 13.9%. Management cited sustained demand and strategic investments for growth, while addressing potential raw material cost pressures.
The announcement details significant revenue growth, which is a key financial metric. However, the slight dip in EBITDA margins and the mention of potential future cost pressures temper the immediate impact. The strategic focus on growth and debt reduction provides a positive long-term outlook.
The company reported healthy revenue growth for both the quarter and the full year, driven by strong domestic and international performance. While EBITDA margins saw a slight decrease, the overall revenue increase and management's positive outlook on strategic initiatives contribute to a positive sentiment.
S H Kelkar and Company Limited (SHK) announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company reported revenues from operations of ₹2,368 crore for FY26, an increase of 11.5% compared to ₹2,123 crore in FY25. For the fourth quarter of FY26, revenues from operations stood at ₹650 crore, up 14.6% from ₹567 crore in the corresponding quarter of the previous year.
Adjusted EBITDA for FY26 was ₹323 crore, a slight decrease from ₹335 crore in FY25, with the Adjusted EBITDA margin at 13.9% compared to 15.9% in FY25. In Q4 FY26, Adjusted EBITDA was ₹83 crore, marginally up from ₹82 crore in Q4 FY25, while the Adjusted EBITDA margin stood at 13.5% versus 14.6% in the prior year period.
The company noted that revenue includes a one-off sale of ₹35 crore as part of a portfolio optimization exercise. Management highlighted sustained demand across key customer segments, continued momentum in the domestic business, and stable performance in European operations as drivers for the revenue growth. Investments in capacity expansion and enhancing global Creative Development Centres are progressing well.
Looking ahead, the company anticipates potential impact on raw material prices due to evolving geopolitical developments and supply-side dynamics. SHK is implementing pricing measures and cost optimization initiatives to protect margins. The focus remains on improving the cash conversion cycle, strengthening internal accruals, and reducing debt.
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S H Kelkar and Company Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by S H Kelkar and Company Limited. Read the original for the full detail.