Press Release

November 02, 2026 To To The Manager The Manager The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P. J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 539450 Scrip Symbol: SHK Dear Sir/ Madam, Sub: Submission of Press Release and Investor Presentation in respect of Unaudited (Standalone & Consolidated) Financial Results for the quarter and half year ended September 30, 2026 Further to the approval of Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026 by the Board of Directors of the Company at its meeting held on November 02, 2026 and submission of the same to the Stock Exchanges, we submit herewith Press Release and Investor Presentation in respect of the said financial results. This intimation is also being uploaded on the Company’s website at www.keva.co.in. You are requested to take the same on record. Thanking you, Yours faithfully, For S H Kelkar and Company Limited Deepti Chandratre Global Legal Counsel and Company Secretary Encl: As above sssss S H Kelkar and Company Limited Corporate Office: L.B.S Marg, Near Balrajeshwar Temple, Mulund (W), Mumbai – 400080 Registered Office: Devkaran Mansion, 36, Mangaldas Road, Mumbai 400 002. S H Kelkar announces Q2 & H1 FY2027 results H1 FY2027 Revenue from operations stood at Rs. 1,298.6 cr, higher by 14.5% EBITDA stood at Rs. 167.5 cr, EBITDA margins stood at 13.0% Mumbai, November 2, 2026: S H Kelkar and Company Limited (SHK), the largest Indian origin Fragrance and Flavour Company in India, has announced its financial results for the quarter and half year ended September 30, 2026. Q2 FY27 performance overview compared with Q2 FY26 − Revenues from operations at Rs. 636 crore as against Rs. 554 crore, up by 14.9% − EBITDA at Rs. 79 crore as against Rs. 53 crore o EBITDA margin at 12.5% as against 9.5% − PBT at Rs. 27 crore as against Rs. 12 crore, up by 125.0% − PAT at Rs. 15 crore as against Rs. 9 crore, up by 58.8% H1 FY27 performance overview compared with H1 FY26 − Revenues from operations at Rs. 1,299 crore as against Rs. 1,134 crore, up by 14.5% − EBITDA at Rs. 168 crore as against Rs. 126 crore o EBITDA margin at 13.0% as against 11.1% − PBT at Rs. 96 crore as against Rs. 49 crore, up by 96.3% − PAT at Rs. 60 crore as against Rs. 35 crore, up by 72.4% Commenting on the Company’s performance and strategic direction, Mr. Kedar Vaze, Whole Time Director & CEO at S H Kelkar and Company Limited, said: “Our first-half performance has been encouraging. We remain focused on staying close to customers and strengthening our presence across the Fragrance and Flavour businesses. Having significantly strengthened our creative, technical and manufacturing capabilities, our priority now is to bring them together more effectively. This will improve customer responsiveness, accelerate execution and build commercial traction for growth across markets. Our long-term vision is to build Keva into a globally competitive, technology-led Fragrance and Flavour company. Continued research in proprietary molecules, formulation technologies and sustainable ingredients will be our differentiator, as we grow in confidence to expand in new geographies.” Commenting on the Company’s performance and financial priorities, Mr. Jagdish Agarwal, Group Chief Financial Officer at S H Kelkar and Company Limited, said: “In H1 FY27, consolidated revenues grew 14% YoY to Rs. 1,299 crore, while EBITDA rose 33% to Rs. 168 crore, with margins at 13.0%. Proactive raw material planning, appropriate pricing actions and cost optimisation helped protect profitability. To ensure uninterrupted supplies amid global sourcing volatility, we consciously held higher inventory, which increased working capital. For the rest of the year, we will optimise inventory to normal levels. Debt levels peaked at September-end and are expected to moderate by March 2027, subject to market conditions. Beyond this year, we aim to improve cash generation and reduce debt year-on-year, strengthening our balance sheet and flexibility for long-term growth.” - ENDS - About S H Kelkar and Company Limited: S H Kelkar and Company Limited (SHK) is the largest Indian-origin Fragrance & Flavour Company in India. It has a long-standing reputation in the fragrance industry, developed over 100 years of experience. Its fragrance products and ingredients are used as a raw material in personal wash, fabric care, skin and hair care, fine fragrances and household products. Its flavour products are used as a raw material by producers of baked goods, dairy products, beverages, oral hygiene, confectionery, nutraceuticals and pharmaceutical products. The Company offers products under SHK, Cobra and Keva brands. The Company has a strong and dedicated team of scientists, perfumers, flavourists, evaluators and application executives at its facilities and eleven creation and development centres in India, Singapore, Indonesia, Netherlands, Germany, UK, US and Italy for the development of fragrance and flavour products. The research team has developed 12 captive molecules over the last four years. The Company has filed 23 patent applications in respect of molecules, systems and processes developed by it, of which 13 have been commercially exploited in deodorant and fine fragrance categories. Over the years, SHK has developed a vast product portfolio of fragrances and flavour products for the FMCG, personal care, pharmaceutical and food & beverage industries. The Company has a diverse and large client base including leading national and multinational FMCG companies, blenders of fragrance & flavour producers. For further information please contact: Investors Desk Anoop Poojari / Mit Shah S H Kelkar and Company Limited CDR India Tel: +91 22 2167 7777 Tel: +91 98330 90434 Fax: +91 22 2164 9766 Fax: +91 22 6645 1213 Email: investors@keva.co.in Email: anoop@cdr-india.com mit@cdr-india.com DISCLAIMER: Certain statements and opinions with respect to the anticipated future performance of SHK in the press release (“forward-looking statements”), which reflect various assumptions concerning the strategies, objectives and anticipated results may or may not prove to be correct. Such forward-looking statements involve a number of risks, uncertainties and assumptions which could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These include, among other factors, changes in economic, political, regulatory, business or other market conditions. Such forward-looking statements only speak as at the date the press release is provided to the recipient and SHK is not under any obligation to update or revise such forward-looking statements to reflect new events or circumstances. No representation or warranty (whether express or implied) is given in respect of any information in this press release or that this press release is suitable for the recipient’s purposes. The delivery of this press release does not imply that the information herein is correct as at any time subsequent to the date hereof and SHK has no obligation whatsoever to update any of the information or the conclusions contained herein or to correct any inaccuracies which may become apparent subsequent to the date hereof. S H KELKAR AND COMPANY LIMITED Q2 and H1 FY 26-27 EARNINGS PRESENTATION November 2026 Disclaimer Certain statements and opinions with respect to the anticipated future performance of SHK in the presentation (“forward-looking statements”), which reflect various assumptions concerning the strategies, objectives and anticipated results may or may not prove to be correct. Such forward-looking statements involve a number of risks, uncertainties and assumptions which could cause actual results or events to differ materially from those expressed or implied by the forwa [Showing first 8,000 characters — download PDF for full document]