S H Kelkar & Company Reports Q1 FY27 Results: Consolidated Net Profit Surges 77.8% YoY to ₹45.43 Crore

S H Kelkar and Company Limited (Keva) (NSE: SHK | BSE: 539450), a leading Indian manufacturer of fragrances, flavors, and aroma ingredients, announced its unaudited consolidated and standalone financial results for the first quarter ended June 30, 2026 (Q1 FY27).

Driven by strong volume momentum in its core business segments and an exceptional gain during the quarter, the company delivered a 77.8% year-on-year (YoY) surge in consolidated net profit.

Key Financial Highlights (Q1 FY27 vs Q1 FY26 & Q4 FY26)

All figures are reported in ₹ crore.

                 CONSOLIDATED FINANCIAL OVERVIEW

   Revenue from Operations     Profit Before Tax (PBT)       Net Profit (PAT)
  -------------------------    -----------------------     --------------------
  Q1 FY27: ₹662.42             Q1 FY27: ₹68.52             Q1 FY27: ₹45.43
  Q4 FY26: ₹649.58             Q4 FY26: ₹15.34             Q4 FY26: ₹ 1.80
  Q1 FY26: ₹580.50             Q1 FY26: ₹36.67             Q1 FY26: ₹25.55

Consolidated Performance Summary

Revenue & Top-Line Growth

Revenue from Operations: Stood at ₹662.42 crore in Q1 FY27, recording a 14.11% YoY growth compared to ₹580.50 crore in Q1 FY26, and a 1.98% sequential expansion from ₹649.58 crore in Q4 FY26.

Sales Revenue: ₹642.91 crore (vs. ₹561.80 crore in Q1 FY26).

Contract Manufacturing Sales: ₹16.86 crore (vs. ₹16.63 crore in Q1 FY26).

Other Operating Income: ₹2.65 crore (vs. ₹2.07 crore in Q1 FY26).

Total Income: Recorded at ₹663.23 crore for the quarter, up 14.09% YoY over ₹581.31 crore in Q1 FY26.

Expenses & Cost Breakdown

Total expenses for the quarter rose to ₹623.88 crore, compared to ₹546.87 crore in Q1 FY26:

Cost of Materials Consumed: ₹389.03 crore (vs. ₹340.61 crore in Q1 FY26).

Employee Benefits Expense: ₹100.03 crore (vs. ₹79.63 crore in Q1 FY26).

Other Expenses: ₹95.37 crore (vs. ₹94.54 crore in Q1 FY26).

Depreciation & Amortisation: ₹35.12 crore (vs. ₹26.37 crore in Q1 FY26).

Finance Costs: ₹15.00 crore (vs. ₹13.07 crore in Q1 FY26).

Exceptional Item & Profitability

Exceptional Item: The company recognized a net exceptional gain of ₹29.95 crore during Q1 FY27 (compared to ₹2.11 crore in Q1 FY26), boosting operational profits.

Profit Before Tax (PBT): Expanded 86.86% YoY to ₹68.52 crore (up from ₹36.67 crore in Q1 FY26).

Net Profit After Tax (PAT): Reached ₹45.43 crore, registering a 77.81% YoY increase over ₹25.55 crore in Q1 FY26, and jumping dramatically from ₹1.80 crore recorded in Q4 FY26.

Basic & Diluted EPS: Improved significantly to ₹3.28 per share (Face Value of ₹10/- each) for the quarter, compared to ₹1.85 in Q1 FY26 and ₹0.13 in Q4 FY26.

Segment-Wise Performance

                    SEGMENT REVENUE & PBIT RESULTS (Q1 FY27)

  Segment         Sales Revenue (₹ Crore)     Segment Results PBIT (₹ Crore)
  -------------   -----------------------     ------------------------------
  Fragrances               547.79                         57.42
  Flavours                 111.98                         34.20
  Total                    659.77                         91.62

Fragrance Segment: Revenue expanded 7.45% YoY to ₹547.79 crore (compared to ₹509.83 crore in Q1 FY26). Segment PBIT grew 25.48% YoY to ₹57.42 crore.

Flavours Segment: Revenue registered sharp growth of 63.24% YoY to ₹111.98 crore (compared to ₹68.60 crore in Q1 FY26). Segment PBIT surged 161.67% YoY to ₹34.20 crore.

Standalone Financial Summary

Revenue from Operations: Stood at ₹337.05 crore (compared to ₹339.22 crore in Q1 FY26).

Exceptional Gain: ₹29.95 crore recognized during the quarter.

Profit Before Tax (PBT): Turned around strongly to ₹20.33 crore, compared to a PBT of ₹4.95 crore in Q1 FY26 and a loss of ₹0.24 crore in Q4 FY26.

Net Profit (PAT): Reached ₹15.21 crore, up 270.98% YoY from ₹4.10 crore in Q1 FY26.

Standalone EPS: Stood at ₹1.10 per share.

Balance Sheet Segment Assets & Liabilities

Total Segment Assets: Expanded to ₹3,107.57 crore as of June 30, 2026 (Fragrance: ₹2,684.09 crore; Flavours: ₹255.72 crore; Unallocated: ₹167.76 crore).

Total Segment Liabilities: Stood at ₹1,707.45 crore as of June 30, 2026.

Paid-Up Equity Share Capital: Stood unchanged at ₹138.42 crore (Face value ₹10/- per share).

Shares of S H Kelkar and Company Limited was last trading in BSE at Rs. 170.15 as compared to the previous close of Rs. 164.45. The total number of shares traded during the day was 235918 in over 2544 trades.

The stock hit an intraday high of Rs. 173.00 and intraday low of 162.00. The net turnover during the day was Rs. 39627072.00.

Source : Equity Bulls

Keywords

SHKelkarandCompany INE500L01026 Q1FY27 Q1FY2027 ResultUpdate