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Axis Securities Report
CCL Products India Ltd. delivered a strong topline growth with consolidated revenue of Rs 507 crore, up 50% YoY.
The growth was on account of robust volume growth of ~25% and higher realisations during the quarter.
CCL Products reported a gross profit margin of 44.6% was down 811 basis points YoY however it was up 331 bps sequentially as coffee prices see downward trend.
Its Ebitda margins to declined by 520 bps YoY to 19.3% (up 187 bps QoQ). It's profit after tax came in at Rs 58 crore (our estimate: Rs 76 crore) which was up 17% on a YoY basis.
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