Quarterly Business Update: SH Kelkar
· Healthy uptick in demand and enquiries across domestic and international markets.
· Engagements across customer base remained solid, especially with mid and large-sized FMCG customers.
· New business wins across various categories remained strong
· Sales in Q2 stood at approximately Rs 310 crore.
· Net debt as on September 30 at nearly Rs 385 crore, following the payment of the second and final tranche of the CFF acquisition.
· No major capex plans on hand going forward and focus remains on sweating current investments
· Confident of maintaining net debt levels around Rs 300 crore by end of FY21