CCL Products Q4FY26 performance exceeded our expectations. Sales grew 46% YoY to Rs12.2bn, driven by 18% YoY volume growth and 28% YoY increase in realization led by favorable coffee prices. Gross margin contracted by 920bps YoY to 35.1%, due to higher input costs and change in product mix. Consequently, EBITDA margin contracted by 387bps YoY to 15.7%, despite lower employee costs (-128bps YoY) and other overheads (-405bps YoY). PAT increased by 12% YoY to Rs1,145mn, impacted by higher depreciation (+50% YoY) and lower other income (-50% YoY). Capacity utilisation stood at 65% in...

CCL Products India L.. has an average target of 1259.50 from 5 brokers.

CCL Products India Ltd.

01 Apr 2026

1185.00

-1.51%

CCL PRODUCTS (INDIA) LIMITED

Buy: CCL Products India Ltd.

Target

Geojit BNP Paribas

CCL Products (India) Ltd., established in 1994, is a leading global coffee manufacturer and exporter with operations across India and a presence in over 100 countries. Its diversified product portfolio includes spray-dried and freeze-dried coffee, liquid concentrates, roast and ground coffee, coffee beans, and premixed blends. The company's international footprint is supported by key subsidiaries,...

CCL Products India L.. has an average target of 1259.50 from 5 brokers.

CCL Products India Ltd.

10 Feb 2026

1185.00

-1.51%

CCL Products (India) Ltd.

Buy: CCL Products India Ltd.

Target

Keynote Capitals Ltd

Quarterly Update Q3FY26

CCL Products has gained 27.10% in the last 6 Months

CCL Products India Ltd.

06 Feb 2026

1185.00

-1.51%

CCL Products (India): Q3FY26 Result Review

Hold: CCL Products India Ltd.

Target

IDBI Capital

CCL Products Q3FY26 performance was above our expectations. Sales grew 38% YoY to Rs10.5bn, driven by 20% YoY volume growth and 18% YoY increase in realization due to improved coffee blends and stable raw material prices. Gross margin contracted by 308bps YoY to 37.1%, primarily due to higher input costs. However, EBITDA margin expanded by 120bps YoY to 17.6%, driven by improved product mix as freeze-dried plant at Vietnam has started ramping up. PAT increased by 59% YoY to Rs1,003mn. CCL has revised EBITDA growth guidance to 25% (previously 15%-20%), with volume growth of 18% for FY26....