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CCL Products Q3 Results Review: Systematix Maintains 'Buy' On The Stock, Lowers Target Price — Here's Why
Revival of long-term contracts, timely ramp-up of the new projects, coffee price trajectory, and long/short-term debt trends remain the key monitorables going ahead, says Systematix
06 Feb 2025, 07:10 PM IST 
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CCL Products delivered Q3 FY25 results below our/ consensus expectations amid persistent high inflation in coffee prices.
(Photo source: Tina Guina/ Unsplash
CCL Products maintains a long-term volume growth guidance of 15% (9M FY25 +9-10% YoY) but a cautious 10-20% near term (versus historical volume/Ebitda growth guidance of 15-20%); the company noted that despite new coffee crop pouring into India and Vietnam markets, it does not see prices dropping (Brazil crop is heard to be good and can swing prices a bit).
