S H Kelkar And Company Q2 FY27: revenue up 14.9% to ₹636 Cr, net profit up 58.1% to ₹15 Cr
Results · Finvezto · 3 Nov 2026 · S H Kelkar And Company (SHK)
Results Q2 FY27, ₹ Cr
| Q2 FY27 | ₹ Cr | QoQ | YoY |
|---|---|---|---|
| Revenue | 636 | - | +14.9% |
| Operating profit | 79 | - | +49.7% |
| Net profit | 15 | - | +58.1% |
| Operating margin | 12.4% | - | +2.9 pp |
| Net margin | 2.3% | - | +0.6 pp |
YoY is the company's own figure. QoQ shows where our quarterly series matches the filing.
Key points
- Consolidated revenue from operations grew 15% year-on-year to Rs. 636 crore in Q2 FY27, taking H1 FY27 revenue to Rs. 1,299 crore, an increase of 14%. Earnings call
- EBITDA for the first half increased by 33% to Rs. 168 crore, with EBITDA margins improving to 13% supported by pricing actions and operational efficiencies. Earnings call
- The Fragrance segment recorded H1 revenue growth of 11.9% to Rs. 1,088 crore, while the Flavour segment grew 47% to Rs. 184 crore. Earnings call
What to watch
- Management on debt reduction: We expect September debt level to represent a peak for the year with the reduction anticipated by March 2027 as we optimize inventory levels.
- Management on revenue growth: So, we look at continuing to grow more than 12% on the revenue side.
Links
Company page · Results tracker
Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.