Personal Products firm S H Kelkar & Company announced Q1FY26 results Revenue from operations at Rs 580.6 crore as against Rs 470.3 crore. EBITDA at Rs 76.4 crore as against Rs 83.3 crore. EBITDA margin at 13.2% as against 17.8%. PBT (bei) stood at Rs 34.4 crore as against Rs 46.5 crore. Cash profit at Rs 49.8 crore as against Rs 55.8 crore. Kedar Vaze, Whole Time Director & Group CEO at SH Kelkar and Company, said: “In Q1FY26, the Company reported consolidated revenue of Rs 579 crore, achieving growth of approximately 14.8% over the H1FY25 average, given that the fire-related disruption impacted Q1FY25. This performance was supported by healthy traction in the domestic market across both our Fragrance and Flavour divisions. While European revenues were lower due to transient demand softness and capacity constraints, underlying customer engagement remains strong, and the ongoing brownfield expansion in Holland and reinstatement in India are expected to support a recovery. Gross margin improved by 94 bps QoQ to 42.4%, moving closer to our longer-term trend range of 43-45%, supported by stabilising raw material availability, selective pricing actions, and an optimised product mix. EBITDA margin for the quarter stood at ~13%, reflecting the impact of strategic growth initiatives, including the costs associated with our new Creative Development Centres (CDCs). Adjusted for these investments, the EBITDA margin was ~16%. With input costs stabilising and operating leverage expected to improve, margins are anticipated to strengthen in the second half of FY26 and more meaningfully from FY2027 onwards. We remain committed to leveraging our enhanced capacities and innovation-led approach to strengthen our global footprint and deliver sustained value to all stakeholders.” Result PDF