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The company stated that gross margins remained stable on a sequential basis during the quarter, reflecting operational resilience amid a challenging environment. As of 31 March 2026, net debt stood at Rs 789 crore, primarily due to ongoing investments in capacity expansion and capability enhancement initiatives. The company noted that the operating environment remains fluid, impacted by inflationary pressures driven by geopolitical developments in the Middle East and evolving supply-side dynamics. It added that it continues to focus on ensuring uninterrupted supplies while taking prudent steps to safeguard margins and maintain operational stability. Inventory levels were reduced during the quarter, although sufficient coverage was maintained for commodities affected by the ongoing regional crisis. S H Kelkar & Company is engaged in the manufacture, supply and exports of fragrances and aroma ingredients. The company's consolidated net profit soared 86.4% to Rs 32.66 crore on 7.5% increase in net sales to Rs 581.13 crore in Q3 FY26 over Q3 FY25. The counter declined 2.68% to end at Rs 120 on the NSE.
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