Personal Products company S H Kelkar & Company announced Q3FY25 results Revenues from operations at Rs 543.2 crore as against Rs 471.7 crore, up by 15.2% EBITDA at Rs 69.5 crore as against Rs 75.9 crore, lower by 8.3% EBITDA margin at 12.9% as against 16.2% PBT stood at Rs 27.4 crore as against Rs 46.0 crore, lower by 40.6% Cash profit at Rs 40.9 crore as against Rs 53.9 crore, down by 24.2% Kedar Vaze, Whole Time Director and Group CEO at SH Kelkar and Company said, “We continued to witness positive business sentiment in India, marked by market share gains in select product categories. Demand across key international regions also remained steady, particularly in our core European market. As a result, consolidated revenues for the nine months of FY2025 reached Rs 1,556 crore, reflecting a healthy YoY growth of 17%, keeping us on track to achieve strong double-digit growth for the full financial year During the quarter, we saw a notable impact on gross margins due to limited supplies of strategic raw materials. While we had anticipated these constraints from Q4 onwards, they emerged earlier, as we built inventories in response to healthy revenue traction. We expect these pressures to persist in the near term, after which we anticipate gross margins to normalize as availability challenges ease and the impact of our price adjustments takes effect. Given the ongoing geopolitical situation, we are cautiously optimistic about our ability to manage raw material constraints. Despite facing operational challenges, we continue to prioritize our growth-led investments. Our strategic outlay, which includes the full cost of new Development Centres in key international locations, reflects our confidence in the long-term opportunities ahead. While these investments have resulted in incremental costs that have impacted our margins in the near term, we are performing reasonably well when adjusted for these expenses. Over the next three to five years, we expect these investments to help us capture a larger market share, both in India and internationally, by driving innovation and expanding our global customer base. We are confident that these initiatives will contribute to revenue growth, deliver notable operating leverage, and drive value creation for all stakeholders in the coming years.” Result PDF