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for Industry - Tea & Coffee
We revise our FY21 estimates upwards on account of recent merger with TCL's consumer products business. However, we believe the uptick in demand will take its course of time and maintain HOLD rating on the stock with a revised target price of Rs. 418 based on 36x FY22E EPS. Revenue growth aided by steady rise in volume Company's overall revenue increased to Rs. 1,962cr (+2.6% YoY), with major growth from non-branded segment (+20.0% YoY to Rs. 239cr). Amongst geographical segments, India remains major revenue contributor (49%) with revenue growth of 6%...
CCL Products (India) Ltd. (CCL) declared its Q3FY20 results recently. Consolidated net revenues and EBITDA grew by 29% & 55% Y-O-Y, on account of benign input cost, better product mix and higher utilisation. The EBITDA margin of the company improved by 460bps to...
CCL Products (India) Ltd. (CCL) declared its Q2FY20 results recently. Consolidated net revenues grew by 3% Y-O-Y to `299 crs, impacted by lower realisation. Consolidated EBITDA for Q2FY20 decreased by 19% Y-O-Y basis to `62crs due to higher ad spend. Gross...
Strong India revenue & product mix saves the day TGBL's consolidated turnover for first quarter 2020 stood at Rs. 1,897.1 cr (5.2% YoY). Geography-wise major revenue contribution was from India at 54% from brands such as Tata tea, Tetley, Himalayan, Fruksi, and Tata Cha etc. Meanwhile contribution from US was 22% followed by Europe and Others at 17% and 7% respectively. Non-branded business revenue surged 25% YoY at Rs. 243 cr; major contributor was Tata Coffee (incl. Vietnam) (82%) at Rs. 204 cr (30% YoY), while rest of the segments contributed 18 % of non-branded revenue. In India overall tea sales rose to Rs.969 cr (7% YoY)...
Raw material cost decreased by 19% Y-O-Y. Employee expenses and other expenses increased by 19%&8.5% Y-O-Y respectively. Depreciation increased by 17% Y-O-Y to `11 crs as SEZ came in operations from April 2019.EBIDTA margin for Indian...
CCL Products (India) Ltd. (CCL) declared its Q1FY19 results recently. Consolidated net revenues increased by 19% to `295 crs. Consolidated EBITDA for Q1 grew by 39% yoy basis to `64crs. Margins expanded by 310bps to 21.6% this quarter vs. 18.5% in Q1FY18....
McLeod Russel's sales was flat for the quarter at | 377.9 crore (I-direct estimate | 391.4 crore) On an annual basis, consolidated revenues increased 9.9% to | 2,055.3 crore, driven by a 5.8% increase in both volume & prices to 901 lakh kg and | 173/kg, respectively EBITDA loss increased 25.2% during the quarter owing to higher other expenses, which increased 36.6% YoY. EBITDA loss for the quarter came in at | 267.9 crore against | 213.9 crore in Q4FY18....
CCL Products (India) Ltd. (CCL) declared its Q4FY18 results recently. Consolidated net revenues increased by 7% to `321crs. Consolidated EBITDA for Q4 grew by 11% yoy basis to `71crs. Margins were expanded by 70bps to 22.2% this quarter vs. Q4FY17. PAT grew by...
CCL Products (India) Ltd. (CCL) declared its Q3FY18 results recently. Consolidated net revenues decreased by 5.2% to `274 crs due to high base in Q3FY17. This was on account of plant shutdown in Q2, which resulted in higher execution of orders in Q3FY17. Hence the results were not comparable yoy basis. Consolidated EBITDA for Q3 grew by 12% Q-O-Q...
McLeod russel posted a strong set of numbers with the 28.6% sales growth to | 556.4 crore (I-direct estimate |436.9 crore) led by 19% volume growth and 6.8% realization growth. The strong...
