H1 FY17
Total Income up 17% to Rs. 501 crore
EBITDA improves 36% to Rs. 95 crore
PAT grew by 96% to Rs 52 crore
Mumbai, November 15, 2016: S H Kelkar and Company, the largest Indian-origin Fragrance and Flavours Company in India,has announced its financial results for the quarter ended September 30, 2016.
H1 FY17 performance overview compared with H1 FY16___________________________________________________
Q2 FY17 performance overview compared with Q2FY16___________________________________________________
Key Developments_________________________________________________________________________________
Commenting on the results, Mr. Kedar Vaze, Chief Executive Officer and Director at SH Kelkar and Company said,
“I am pleased to report yet another strong quarter on the back of healthy volumes and improved realizations.The domestic division continued to deliver robust topline growth of 26%, while the performance in the international segment was muted.
Going forward, we expect the global macro-economic environment to remain subdued in the near-term; however we believe the Indian consumption story should enable us to report results in-line with our business plan. We remain at the forefront of the ever evolving consumer landscape. Our investments in R&D will continue to drive innovation and growth in this niche industry.”
Corporate Comm India(CCI Newswire)
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