S H Kelkar reports strong H1 FY26 revenue, appoints new CFO

S H Kelkar and Company Limited (SHK) reported its unaudited financial results for the quarter and half year ended September 30, 2025. The company achieved revenue from operations of Rs. 1,135 crore for H1 FY26, representing 12.0% year-on-year growth compared to H1 FY25 (Rs. 1,013 crore). Adjusted EBITDA for H1 FY26 stood at Rs. 164 crore, with margins at 14.5%. Profit before tax was Rs. 46.1 crore.

The growth was driven by resilient demand across core categories and continued traction with existing and new customers. Fragrance revenue (excluding Global Ingredients) increased by 9.3% YoY, while Flavour revenue saw a substantial rise of 54.4% YoY. Global Ingredients revenue, however, decreased by 12.1% YoY to Rs. 32 crore due to muted demand and geopolitical uncertainty.

In a key leadership development, Jagdish Agarwal has been appointed as the chief financial officer, effective December 02, 2025. Additionally, the greenfield facility at Vanavate and brownfield expansion at Holland Aromatics are on track for commissioning by Q4 FY2026, expected to enhance capacity and operational efficiency.