S H Kelkar Q4FY18 PAT slips 22 per cent

S H Kelkar, the largest fragrance and flavour company of Indian origin, reported its results for the quarter ended March 31, 2018.

The company’s consolidated revenue for the quarter came in at Rs 285.07 crore, registering an increase of 5.7 per cent YoY.

Its EBITDA for the quarter fell by 26.8 per cent YoY to Rs. 27 crore with a corresponding margin contraction of 421 bps. Its EBITDA margin for the quarter stood at 9.5 per cent. This margin contraction was led by a jump in raw material expenses by 31 per cent YoY.

The PAT for the quarter came in at Rs 21.34 crore, a decline of 22 per cent YoY.

Looking at the full year numbers, we see that the revenue declined by 2 per cent to reach Rs 1043.04 crore, while the EBITDA fell by 2 per cent to Rs 162.21 crore. The company reported net profit of Rs.94.19 crore, down by 10 per cent YoY.

The company's board of directors has recommended a final dividend of Rs 1.75 per equity share of the face value of Rs 10 each.

On Friday, the stock opened at Rs 251.15 and touched an intra-day high and low of Rs 252.30 and Rs 246.45, respectively, on the BSE.