CCL Products India Ltd.

NSE: CCL | BSE: 519600 | ISIN: INE421D01022 |Industry: Tea & Coffee
|Expensive Star
261.50 -5.75 (-2.15%)
NSE Dec 04, 2020 15:31 PM
Volume: 136.3K

CCL Products India Ltd.    
19 Nov 2020
Nirmal Bang Institutional
We recently interacted with the management of CCL Products (CCLP) in order to get a sense on current demand trends in regions where it operates, Covid-19 related restrictions in manufacturing and update on domestic business performance. Management highlighted that while Europe is going back into lockdown phase, demand for at-home consumption (where instant coffee salience is higher) remains strong. In fact, the company is experiencing higher than routine orders from European clients in order to ensure fulfillment of demand. CCLP is expected to add 2-3 new retailers in Europe by Jan'21. Russian orders will be executed in 2HFY21 to a large extent, which is...
CCL Products India Ltd. is trading above all available SMAs
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