Financial Results Approval

The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026. The statutory auditors, BSR & Co. LLP, issued an unmodified limited review report on both standalone and consolidated results.

Consolidated Financial Performance (Q2 FY27)

  • Revenue from Operations: ₹636.19 crore
  • Sales: ₹614.82 crore
  • Contract Manufacturing Sales: ₹18.26 crore
  • Other Operating Income: ₹3.11 crore
  • Other Income: ₹2.87 crore
  • Total Income: ₹639.06 crore
  • Expenses: ₹612.21 crore
  • Cost of materials consumed: ₹210.01 crore
  • Changes in inventories: ₹14.31 crore
  • Contract manufacturing cost: ₹151.00 crore
  • Employee benefits: ₹75.90 crore
  • Finance costs: ₹17.40 crore
  • Depreciation & amortization: ₹37.68 crore
  • Other expenses: ₹95.90 crore
  • Profit Before Tax and Exceptional Items: ₹26.65 crore
  • Share of Loss from Associate: ₹0.55 crore
  • Profit Before Tax and Exceptional Items from Continuing Operations: ₹27.20 crore
  • Exceptional Items Gain: ₹29.95 crore (insurance claim for property, plant and equipment)
  • Profit Before Tax from Continuing Operations: ₹57.15 crore
  • Tax Expense: ₹11.98 crore
  • Current tax: ₹12.40 crore
  • Deferred tax: ₹(0.43) crore
  • Profit from Continuing Operations: ₹45.17 crore
  • Loss from Discontinued Operations: ₹(0.66) crore
  • Profit for the Period: ₹44.51 crore
  • Other Comprehensive Loss: ₹(6.11) crore
  • Total Comprehensive Income: ₹38.40 crore
  • Net Profit Attributable to Owners: ₹44.56 crore
  • Basic EPS from Continuing Operations: ₹3.20
  • Basic EPS from Discontinued Operations: ₹(0.05)
  • Basic EPS Total: ₹3.15

Consolidated Financial Performance (H1 FY27)

  • Revenue from Operations: ₹1,298.61 crore
  • Profit Before Tax and Exceptional Items: ₹66.00 crore
  • Exceptional Items Gain: ₹29.95 crore
  • Profit Before Tax: ₹95.95 crore
  • Profit for the Period: ₹59.99 crore
  • Basic EPS Total: ₹4.33

Standalone Financial Performance (Q2 FY27)

  • Revenue from Operations: ₹345.38 crore
  • Profit Before Tax: ₹1.65 crore
  • Profit for the Period: ₹1.99 crore
  • Basic EPS: ₹0.12

Standalone Financial Performance (H1 FY27)

  • Revenue from Operations: ₹688.65 crore
  • Profit Before Tax: ₹21.64 crore
  • Profit for the Period: ₹16.86 crore
  • Basic EPS: ₹1.22

Director Appointments/Re-appointments

Based on Nomination and Remuneration Committee recommendations, the Board approved:

  • Mr. Deepak Raj Bindra (DIN: 06835196): Re-appointment as Independent Director for second term of 5 years from December 15, 2026 to December 14, 2031
  • Mr. Vasant Gujarathi (DIN: 06863505): Re-appointment as Independent Director for second term of 5 years from February 20, 2027 to February 19, 2032
  • Ms. Neela Bhattacherjee (DIN: 01912483): Re-appointment as Independent Director for second term of 5 years from May 25, 2027 to May 24, 2032
  • Ms. Sumedha Karmarkar (DIN: 06899598): Appointment as Additional Director (Non-Executive Non-Independent) effective November 03, 2026, subject to shareholder approval

Significant Events and Notes

1. Vashivali Plant Fire Insurance Claim: During Q2 FY27, the Group received an on-account payment of ₹29.95 crore towards insurance claim for property, plant and equipment damaged in the April 23, 2024 fire. The full and final settlement is pending with insurance agency.

2. Subsidiary Transactions:

  • Sold 100% shareholding in Keva USA Inc to Keva Fragrances Private Limited for USD 1,992,000 (₹19.07 crore) on August 25, 2026
  • Made capital infusion of AED 22,50,000 (₹5.83 crore) into Keva Middle East FZE
  • Sold investment in Keva Ventures Private Limited and Amikeva Private Limited for ₹0.46 crore, effective September 1, 2026

3. Segment Information:

  • Fragrance Segment Revenue: ₹560.72 crore (Q2 FY27)
  • Flavors Segment Revenue: ₹72.36 crore (Q2 FY27)
  • Fragrance Segment Profit: ₹35.36 crore (Q2 FY27)
  • Flavors Segment Profit: ₹16.13 crore (Q2 FY27)

4. Auditor's Report Qualifications:

  • Did not review interim financial information of 6 subsidiaries representing total assets of ₹1,358.9 crore and revenues of ₹179.75 crore (Q2 FY27)
  • 7 subsidiaries with total assets of ₹280.31 crore were not reviewed but considered not material to the Group

Board Meeting Details

The Board Meeting commenced at 04:22 p.m. and concluded at 05:30 p.m. on November 02, 2026.