S H Kelkar Q4 FY26 Results Conference Call Transcript

S H Kelkar reported Q4 FY26 results with adjusted EBITDA of ₹83 crore at 13.5% margin, maintaining sequential stability despite inflationary pressures.
The company disclosed ₹35 crore one-off sale of low-margin products as part of portfolio optimization and faces raw material inflation of 12-13% due to Middle East geopolitics.
Management confirmed ₹140 crore FY27 capex plan with Almere (Netherlands) factory operational and Vanavate (Maharashtra) facility expected soon, while carrying ₹851 crore gross debt.
Company expects to maintain 13%+ adjusted EBITDA margins in H1 FY27 but refrains from full-year guidance due to raw material price volatility and geopolitical uncertainty.