{"id":220200,"date":"2026-08-27T11:28:38","date_gmt":"2026-08-27T05:58:38","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=220200"},"modified":"2026-08-27T11:28:40","modified_gmt":"2026-08-27T05:58:40","slug":"flavours-fragrances-stocks-india-future-roadmaps-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/flavours-fragrances-stocks-india-future-roadmaps-2026\/","title":{"rendered":"Flavours and Fragrances Stocks in India with Future Roadmaps as FMCG Premiumisation, Global Fragrance House Sourcing Diversification, and Natural Ingredient Demand Drive Structural Growth"},"content":{"rendered":"
<\/div>\n

India flavours and fragrances market FY26: Rs 12,000 Cr+. S H Kelkar PE 23.91 below sector 37.72, ROE 3.60% weak. Privi Speciality Chemicals aroma ingredients maker. Camlin Fine Sciences reused reference. CAUTION: modest current ROEs. 5 picks: SHKELKAR, PRIVISPCHEM, CAMLINFINE, FAIRCHEM, ANMOL(unlisted ref).<\/em><\/p>\n

\n

Quick Answer<\/strong><\/p>\n

S H Kelkar and Company trades at PE 23.91, below the sector PE of 37.72, though with a modest current ROE of 3.60%. Fairchem Speciality shows a stronger ROE of 23.19% at PE 39.35, near sector average. India’s flavours and fragrances sector benefits from growing FMCG premiumisation, global fragrance house sourcing diversification toward India, and rising natural ingredient demand, though the sector shows mixed current profitability across companies.<\/p>\n<\/div>\n

India’s flavours and fragrances industry serves both domestic FMCG and personal care manufacturers and increasingly global fragrance houses diversifying ingredient sourcing beyond traditional European and North American suppliers, leveraging India’s cost-competitive chemical manufacturing base and growing technical expertise in aroma chemical synthesis.<\/p>\n

For investors, this sector shows mixed profitability, with Fairchem Speciality showing stronger current ROE than S H Kelkar. All data is as of 26 August 2026.<\/p>\n

Click Here – Get Free Investment Predictions<\/strong><\/a><\/p>\n

\n
\n

Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n