S H Kelkar surges owing to good results

S H Kelkar has some good things to cheer. On Aug 10, as at 10.12 am, shares of the company are up by 1.27 per cent and are currently trading at Rs 262.95. On the contrary Sensex is down by 181 points. Major reason shares are in green is due to better than expected Q1FY17 results.  In Q1, the net profit of the company stands at Rs 27.53 crores, which has increased by 32 per cent as compared to the Q1FY16. EBITDA stands at Rs 47.33 crores, which has increased by 23 per cent as compared to Q1FY16. Total income from operation stands at Rs 255.86 crores, which has increased by 15 per cent as compared to the corresponding quarter of the previous fiscal.

In the last 5 days, shares have climbed by more than 4 per cent. In the last 3 months, the shares have rallied by more than 17 per cent. 52-week High/Low of the company stands at Rs 276/199.

S H Kelkar and Company Limited is the largest Indian-origin fragrance & flavour company in India. It has a long standing reputation in the fragrance industry developed in 90 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 flavoured products are used as a raw material by producers of baked goods, dairy products, beverages and pharmaceutical products. It offers products under SHK, Cobra and Keva brands.