Stock Report

S H Kelkar and Company Limited - Business Update for Q2 and H1 FY2021-22

Posted On : 2021-10-08 17:38:21( TIMEZONE : IST )

S H Kelkar and Company Limited - Business Update for Q2 and H1 FY2021-22

S H Kelkar and Company Ltd (SHK), the largest Indian origin Fragrance and Flavours Company in India, would like to share the following business update for Q2 & H1 FY 2021-22.

Operational Update:

- The Company witnessed subdued demand in the emerging markets during the period under review. While engagements with existing customers remained steady, SHK saw healthy enquiries and wins from new customers. European markets registered strong performance on the back of higher consumption and demand trends. Overall, the Company has reported a stable performance during the first half of the fiscal, despite the impact of the second wave of COVID-19. As the demand environment normalizes, SHK anticipates better performance in the second half of the fiscal.

- On a consolidated basis, sales improved by 16% on a like-to-like basis. In H1 FY 2021-22, sales stood at ~Rs. 713 crore (Note: 1. Provisional and unaudited figures; 2. including consolidation of CFF & Nova performance) as compared to Rs. 543 crore in H1 FY 2020-21, higher by 31% YoY. Emerging markets sales grew by 9% during the first half of the year.

- As per the amended Schedule III of the Companies Act, 2013, the Company has excluded lease liabilities from its total debt position, which are to be disclosed separately. Accordingly, comparative figures for previous periods are also mentioned henceforth. As on September 30, 2021, the Company's net debt position stood at ~Rs. 349 crore (Note: 1. provisional and unaudited figure) compared to Rs. 334 crore as on June 30, 2021 and Rs. 324 crore in March 31, 2021.

Shares of S H Kelkar and Company Limited was last trading in BSE at Rs. 157.10 as compared to the previous close of Rs. 157.40. The total number of shares traded during the day was 12562 in over 512 trades.

The stock hit an intraday high of Rs. 159.70 and intraday low of 156.00. The net turnover during the day was Rs. 1977706.00.

Source : Equity Bulls


SHKelkarandCompany INE500L01026 SHK BusinessUpdate Q2FY22 H1FY22 Fragrance Flavours