Ways2Capital-Review : SH Kelkar Confident To Pass On The Impact Of Volatile Raw Material Prices To Customers

The board of directors of SH Kelkar and Company Limited (SHK) held their meeting on February 28, 2018 for strategy on customer engagements in light of the current global raw material scenario.

The global Fragrance and Flavours (F&F) industry is currently witnessing unprecedented levels of uncertainty in raw material supplies for various reasons. This also includes disruption in operations of manufacturing facilities across the globe (BASF, Germany, a key raw material supplier is majorly impacted due to the disruption), leading to volatility in raw material prices.

According to the company, the current scenario is transitory in nature and may last for the next few quarters. In this background, SHK is confident that its inventory management practice would cater to maintain supplies to its customers.

SHK also considers this situation as a strategic opportunity to explore increase in engagement with its customers and build new relationships. The management believes that it will be able to pass on the price increase to the customers.

The stock of SH Kelkar is trading at a price of Rs289.05, up by 1.55% or Rs4.4, on BSE at 9.30am.
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