Personal Products company S H Kelkar & Company announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Revenues from operations at Rs 542.5 crore as against Rs 433.3 crore, up by 25.2%. EBITDA at Rs 85.8 crore as against Rs 69.9 crore, higher by 22.8%. EBITDA margin at 15.9% as against 16.2%, declining by 30 bps. Adjusted PBT stood at Rs 63.8 crore as against Rs 40.6 crore, up 57.1%. Cash profit at Rs 59.2 crore as against Rs 50.8 crore, growing by 16.7%. H1FY25 Financial Highlights: Revenues from operations at Rs 1,012.8 crore as against Rs 855.8 crore, up by 18.3%. EBITDA at Rs 169.0 crore as against Rs 137.9 crore, higher by 22.6%. EBITDA margin at 16.8% as against 16.2%, higher by 60 bps. Adjusted PBT stood at Rs 110.3 crore as against Rs 78.4 crore, higher by 40.7%. Cash profit at Rs 115.0 crore as against Rs 98.7 crore, growing by 16.5%. Kedar Vaze, Whole Time Director and Group CEO at SH Kelkar and Company said: "We are pleased to report a healthy financial performance for the period under review, driven by positive business sentiment and steady demand across various segments. This quarter also saw the recovery of our order backlog following the fire incident, contributing to our halfyear revenues reaching Rs 1,013 crore, marking an 18.3% YoY increase. Notably, our core European segment delivered impressive double-digit revenue growth, despite challenging demand conditions in the region. A shift in product mix during the quarter led to a sequential moderation in gross margins. Additionally, incremental costs during this period were driven by our growth-led investments in cultivating new business opportunities in Europe and the US, markets with considerable growth potential. Consequently, EBITDA margins stood at 16.8% in H1, compared to 16.2% previously In the previous quarter, we launched a Creative Development Centre (CDC) in Germany and have since expanded this capability with an additional centre in Manchester, UK. These centres will act as a hub for innovation and will serve as pillars of our growth for the coming decades. This enhanced talent base strengthens our ability to serve key markets and positions us to capitalize on sustainable growth opportunities. Looking ahead, while domestic demand remains soft, we are encouraged by the strong momentum across our small and mid-sized existing and new accounts, including our key Global MNC client. With a solid start to the fiscal year, strategic initiatives in place, and a favourable market outlook for our products, we are confident of achieving strong growth in FY25, along with healthy profitability.” Result PDF