SH Kelkar Q1 FY27 Revenues Grow 13.7% to ₹660 Crore; Net Debt at ₹864 Crore
S H Kelkar reported consolidated revenues of ₹660 crore for Q1 FY27, a 13.7% increase year-on-year. Gross margins remained stable. Net debt stood at ₹864 crore as of June 30, 2026, due to investments and inventory build-up.
The revenue growth is a positive indicator, but the increase in net debt and the provisional nature of the results moderate the impact.
The company reported significant revenue growth and stable gross margins, indicating positive operational performance.
S H Kelkar and Company Limited (SHK), India's largest Indian-origin Fragrance and Flavours Company, has announced a business update for the first quarter of FY2027 (ended June 30, 2026).
The company reported consolidated revenues of ₹660 crore for the quarter, marking a growth of approximately 13.7% compared to the same period in the previous year.
Gross margins remained stable during the quarter when compared to the corresponding period of the prior year. As of June 30, 2026, the net debt stood at approximately ₹864 crore. This increase in net debt is attributed to planned investments in capacity and capabilities, as well as strategic inventory build-up to ensure business continuity in a dynamic operating environment.
This financial information is based on provisional and unaudited consolidated financial results and is subject to a limited review by the company's Statutory Auditors.
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