Looking at 12-15% revenue growth in long-term: S H Kelkar & Co

S H Kelkar & Company is buzzing in trade, up over 5 percent with Edelweiss initiating a buy rating on the stock. In an interview to CNBC-TV18, Kedar Vaze, Group CEO of S H Kelkar & Company discussed this and more.

We are looking at 12-15 percent revenue growth in the long-term, said Vaze.

Long-term expectation is to maintain EBITDA margin of 20 percent, he added.

"As we improve our operating margins we will continue to increase our research and development (R&D) spend to maintain a balance between growth and profitability," he said.

Export is around 40 percent of our current revenue, he mentioned.

Fragrance market share is around 23 percent, while market share for flavours is 3 percent, Vaze added.

On acquisition front, he said facing challenges in terms of finding target for acquisition.