CCL Products Q1 Results Review - Volume-Led Growth Continues; Maintain Buy: Axis Securities

Despite the surge in coffee prices, the company posted volume growth of ~15% in Q1, says the brokerage.

Coffee beans at a roasting facility. (Photo: Tim Mossholder/ Unsplash)

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Axis Securities Report

CCL Products India Ltd.’s consolidated revenue for Q1 FY25 was Rs 773 crore, reflecting an 18% YoY growth, driven by approximately 15% volume growth. Gross margins declined by 170 basis points to 38.1%, impacted by hyperinflation in coffee prices. Ebitda increased to Rs 130 crore, a 22.5% YoY rise, while Ebitda margins improved to 16.8%, up 61 bps YoY, due to higher value contracts and smaller pack sizes.

CCL Products' adjusted profit after tax stood at Rs 71 crore, a 17.7% YoY increase, surpassing expectations.

Click on the attachment to read the full report:

Axis Securities CCL Products Q1FY25 Result Update.pdf
Read Document

Also Read: CCL Products Expecting 15–20% Volume Growth In Two–To-Three Years

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

lock-gif
To continue reading this story
Subscribe to unlock & enjoy all
Members-only benefits
Still Not convinced ?  Know More
Watch LIVE TV , Get Stock Market Updates, Top Business , IPO and Latest News on NDTV Profit.
GET REGULAR UPDATES