Login
Home
Charts
Search
Watchlist
Products

CCL Products (India) Ltd

CCL·NSE
1,045.40-2.39%Tue, 22 Sept '26 14:03

CCL Products (India) Ltd

CCL
NSE
1,045.40
-2.39%
|Tue, 22 Sept '26 14:03
SOICxStockScans Reports
6M
Price
Charts
Documents

Quick Ratios

Edit Ratios
Mkt Cap
Market Capitalization
13,954Cr
Close
Close Price
1,045.00
Industry
Industry
FMCG - Coffee
PE
Price To Earnings
32.18
PS
Price To Sales
3.03
Revenue
Revenue
4,602Cr
Rev Gr TTM
Revenue Growth TTM
35.83%
PAT Gr TTM
PAT Growth TTM
38.94%

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
RevenueCr
6086647277737387588361,0561,1271,0511,2241,200
Growth YoY
Revenue Growth YoY%
19.924.139.718.121.514.115.036.552.638.546.513.7
Expenses
ExpensesCr
4985546096436016346738979308661,0331,007
Operating Profit
Operating ProfitCr
110111118130137124163159197185192194
OPM
OPM%
18.116.716.316.918.616.419.515.117.517.615.716.1
Other Income
Other IncomeCr
114113421323
Interest Expense
Interest ExpenseCr
182321212731343433323029
Depreciation
DepreciationCr
232231232425273439394039
PBT
PBTCr
70677087877210694127116123129
Tax
TaxCr
935161394222616912
PAT
PATCr
61636571746310272101100115117
Growth YoY
PAT Growth YoY%
5.3-13.4-23.517.721.5-0.456.21.436.459.112.461.3
NPM
NPM%
10.09.59.09.210.08.312.26.98.99.59.39.7
EPS
EPS
4.64.84.95.45.54.77.75.57.67.58.68.8
QuarterSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
RevenueCr
6086647277737387588361,0561,1271,0511,2241,200
Growth YoY
Revenue Growth YoY%
19.924.139.718.121.514.115.036.552.638.546.513.7
Expenses
ExpensesCr
4985546096436016346738979308661,0331,007
Operating Profit
Operating ProfitCr
110111118130137124163159197185192194
OPM
OPM%
18.116.716.316.918.616.419.515.117.517.615.716.1
Other Income
Other IncomeCr
114113421323
Interest Expense
Interest ExpenseCr
182321212731343433323029
Depreciation
DepreciationCr
232231232425273439394039
PBT
PBTCr
70677087877210694127116123129
Tax
TaxCr
935161394222616912
PAT
PATCr
61636571746310272101100115117
Growth YoY
PAT Growth YoY%
5.3-13.4-23.517.721.5-0.456.21.436.459.112.461.3
NPM
NPM%
10.09.59.09.210.08.312.26.98.99.59.39.7
EPS
EPS
4.64.84.95.45.54.77.75.57.67.58.68.8

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
9329831,1381,0811,1391,2421,4622,0712,6543,1064,4574,602
Growth
Revenue Growth%
5.85.515.8-5.05.39.117.741.728.117.043.535.8
Expenses
ExpensesCr
7277518998368539451,1311,6712,2082,5513,7243,835
Operating Profit
Operating ProfitCr
205232239245286298331400445555733767
OPM
OPM%
22.023.621.022.725.124.022.619.316.817.916.416.7
Other Income
Other IncomeCr
115353436889
Interest Expense
Interest ExpenseCr
1111881817163478113129124
Depreciation
DepreciationCr
28333432474957649898152157
PBT
PBTCr
167189202209225235261305276352461496
Tax
TaxCr
455454545953572126427363
PAT
PATCr
122135148155166182204284250310388433
Growth
PAT Growth%
29.910.210.14.67.19.812.139.0-11.924.125.138.9
NPM
NPM%
13.113.713.014.314.614.714.013.79.410.08.79.4
EPS
EPS
9.210.111.111.612.513.715.421.418.823.329.132.5
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
9329831,1381,0811,1391,2421,4622,0712,6543,1064,4574,602
Growth
Revenue Growth%
5.85.515.8-5.05.39.117.741.728.117.043.535.8
Expenses
ExpensesCr
7277518998368539451,1311,6712,2082,5513,7243,835
Operating Profit
Operating ProfitCr
205232239245286298331400445555733767
OPM
OPM%
22.023.621.022.725.124.022.619.316.817.916.416.7
Other Income
Other IncomeCr
115353436889
Interest Expense
Interest ExpenseCr
1111881817163478113129124
Depreciation
DepreciationCr
28333432474957649898152157
PBT
PBTCr
167189202209225235261305276352461496
Tax
TaxCr
455454545953572126427363
PAT
PATCr
122135148155166182204284250310388433
Growth
PAT Growth%
29.910.210.14.67.19.812.139.0-11.924.125.138.9
NPM
NPM%
13.113.713.014.314.614.714.013.79.410.08.79.4
EPS
EPS
9.210.111.111.612.513.715.421.418.823.329.132.5

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
2727272727272727272727
Reserves
ReservesCr
4836027138129021,0611,2241,4711,6471,9412,318
Current Liabilities
Current LiabilitiesCr
2181791733472764696308351,2771,6371,486
Non Current Liabilities
Non Current LiabilitiesCr
7341221236305232189265585637496
Total Liabilities
Total LiabilitiesCr
8018481,1341,4221,5091,7882,0702,5973,5364,2414,326
Current Assets
Current AssetsCr
3314144945716367919911,2471,7412,0882,209
Non Current Assets
Non Current AssetsCr
4704346398518739971,0791,3501,7952,1532,117
Total Assets
Total AssetsCr
8018481,1341,4221,5091,7882,0702,5973,5364,2414,326
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
2727272727272727272727
Reserves
ReservesCr
4836027138129021,0611,2241,4711,6471,9412,318
Current Liabilities
Current LiabilitiesCr
2181791733472764696308351,2771,6371,486
Non Current Liabilities
Non Current LiabilitiesCr
7341221236305232189265585637496
Total Liabilities
Total LiabilitiesCr
8018481,1341,4221,5091,7882,0702,5973,5364,2414,326
Current Assets
Current AssetsCr
3314144945716367919911,2471,7412,0882,209
Non Current Assets
Non Current AssetsCr
4704346398518739971,0791,3501,7952,1532,117
Total Assets
Total AssetsCr
8018481,1341,4221,5091,7882,0702,5973,5364,2414,326

Cash Flow

Consolidated
Standalone
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
1611021451629117111617355290858
Investing Cash Flow
Investing Cash FlowCr
-87-20-247-175-88-153-192-332-514-416-70
Financing Cash Flow
Financing Cash FlowCr
-82-8412942-3764916455953-757
Net Cash Flow
Net Cash FlowCr
-8-22729-3582-675100-7332
Free Cash Flow
Free Cash FlowCr
7484-88-80216-74-159-458-128788
CFO To PAT
CFO To PAT%
131.875.698.0104.354.693.856.961.022.193.3221.2
CFO To EBITDA
CFO To EBITDA%
78.643.960.865.831.757.435.143.312.452.2117.1
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
1611021451629117111617355290858
Investing Cash Flow
Investing Cash FlowCr
-87-20-247-175-88-153-192-332-514-416-70
Financing Cash Flow
Financing Cash FlowCr
-82-8412942-3764916455953-757
Net Cash Flow
Net Cash FlowCr
-8-22729-3582-675100-7332
Free Cash Flow
Free Cash FlowCr
7484-88-80216-74-159-458-128788
CFO To PAT
CFO To PAT%
131.875.698.0104.354.693.856.961.022.193.3221.2
CFO To EBITDA
CFO To EBITDA%
78.643.960.865.831.757.435.143.312.452.2117.1

Ratios

Consolidated
Standalone
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
2,5954,5543,7033,7852,3893,1155,3697,5537,8277,40813,86413,954
Price To Earnings
Price To Earnings
22.533.825.024.414.417.126.326.631.223.935.732.2
Price To Sales
Price To Sales
2.84.73.33.52.12.53.73.63.02.43.13.0
Price To Book
Price To Book
5.17.35.04.52.62.94.35.04.73.85.96.0
EV To EBITDA
EV To EBITDA
13.420.016.616.69.611.718.021.020.816.420.420.0
Profitability Ratios
Profitability Ratios
GPM
GPM%
30.432.730.234.638.039.037.332.227.729.725.425.4
OPM
OPM%
22.023.621.022.725.124.022.619.316.817.916.416.7
NPM
NPM%
13.113.713.014.314.614.714.013.79.410.08.79.4
ROCE
ROCE%
26.627.420.017.918.416.114.614.010.712.316.116.1
ROE
ROE%
23.921.420.018.517.916.816.319.014.915.816.616.6
ROA
ROA%
15.215.913.110.911.010.29.910.97.17.39.09.0
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
2,5954,5543,7033,7852,3893,1155,3697,5537,8277,40813,86413,954
Price To Earnings
Price To Earnings
22.533.825.024.414.417.126.326.631.223.935.732.2
Price To Sales
Price To Sales
2.84.73.33.52.12.53.73.63.02.43.13.0
Price To Book
Price To Book
5.17.35.04.52.62.94.35.04.73.85.96.0
EV To EBITDA
EV To EBITDA
13.420.016.616.69.611.718.021.020.816.420.420.0
Profitability Ratios
Profitability Ratios
GPM
GPM%
30.432.730.234.638.039.037.332.227.729.725.425.4
OPM
OPM%
22.023.621.022.725.124.022.619.316.817.916.416.7
NPM
NPM%
13.113.713.014.314.614.714.013.79.410.08.79.4
ROCE
ROCE%
26.627.420.017.918.416.114.614.010.712.316.116.1
ROE
ROE%
23.921.420.018.517.916.816.319.014.915.816.616.6
ROA
ROA%
15.215.913.110.911.010.29.910.97.17.39.09.0
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
CCL Products is the world’s largest private-label instant coffee manufacturer - a behind‑the‑scenes giant that makes the soluble coffee inside many of the best‑known global coffee brands. Founded in 1994 by a technocrat who had already built India’s first non‑multinational instant coffee venture, the company has spent three decades turning a single‑location factory in Andhra Pradesh into a three‑continent manufacturing network. The recurring approach is simple: it runs a volume‑driven, cost‑plus processing engine that turns volatile green coffee beans into stable margins, then uses that cash flow to move closer to the end consumer - first through private‑label bulk exports, then through its own branded retail business in India and Europe. # Business segments A single global coffee‑processing engine that powers two go‑to‑market channels - B2B private‑label exports and a domestic branded business - plus a small kiosk and snacks operation, all built on the same manufacturing backbone. ## 1. Instant coffee manufacturing and B2B exports: the factory that fills the world’s coffee jars **The company makes soluble instant coffee in bulk for other coffee brands, operating on a cost‑plus model that keeps processing margins steady no matter where green coffee bean prices go.** - **Paid for processing, not for beans** - the core business runs on a “cost‑plus model,” meaning the company earns a processing spread on top of the raw material cost, so its margins are designed to be stable even when coffee bean prices swing wildly. - **Three continents, three jobs** - the flagship plant in Duggirala, India, makes spray‑dried, agglomerated and freeze‑dried coffee; a second Indian plant at Kuvvakolli adds more freeze‑dried capacity; a Vietnam plant in the heart of coffee‑growing country produces both spray‑dried and freeze‑dried for East Asian and Latin American clients; and a Swiss unit agglomerates and packs for premium European private‑label customers, so each facility is placed where it gives the biggest sourcing or distribution advantage. - **One roof, every format** - the company is one of the few manufacturers that can supply all types and forms of coffee from a single location, which gives it a price edge over brands that have to import different formats and pay duties on them. - **Volume is the engine** - the business is built on scale, with the Vietnam plant expansion completed as of May 2025, and management historically targeting volume growth of 15-17% a year. - **Waste fuels the boilers** - only about half of each coffee bean ends up in the cup; the other half becomes solid waste that the company dries and burns as boiler fuel, replacing fossil fuels, while the ash goes to brick makers and the organic process water goes to neighbouring farmers. ## 2. Continental Coffee: India’s number‑three instant coffee brand, built on the same factory floor **The company sells its own branded instant coffee directly to Indian consumers through retail stores and e‑commerce, using the same manufacturing capacity that supplies its global B2B customers.** - **Third‑largest in the market** - measured by NielsenIQ, Continental Coffee is the number‑three instant coffee brand in India, and in some regions and platforms it already ranks second. - **From bulk to small pack** - the company invested in a fully automated 10,000‑tonne packing facility and a 5,500‑tonne agglomeration line at Kuvvakolli specifically to increase the share of small packs sold directly to customers, which carry higher margins than bulk exports. - **1.5 lakh outlets and counting** - the brand reaches over 150,000 retail outlets across India through more than 700 distribution partners, and it also sells on e‑commerce and direct‑to‑consumer platforms, where it gained traction during the COVID period. - **A full shelf of formats** - the portfolio spans filter coffee, instant coffee, premix sachets in flavours like cappuccino and hazelnut, decaf, and even roast‑and‑ground versions tailored to local palates, so the brand can be a single‑point option for every kind of coffee buyer in India. - **Bought a British brand to enter European retail** - in 2023 the company acquired six UK coffee brands, including the 1987‑born Percol, for £550,000, giving it direct access to major British supermarkets in Europe’s largest instant coffee market and moving supply of those brands from a third party onto CCL’s own production lines. ## 3. Kiosks and snacks: small experiments at the consumer edge **The company runs a tiny food‑and‑beverage kiosk operation and has test‑launched plant‑based protein snacks and traditional South Indian snacks, all housed in a subsidiary that was originally the domestic marketing arm.** - **Coffee on Wheels** - through its subsidiary Continental Coffee Private Limited, the company operates food and beverage kiosks including mobile “Coffee on Wheels” units, though this division generated revenue of just ₹236 lakhs in FY25. - **Plant‑based protein under ‘Greenbird’** - the same subsidiary launched a range of 100% vegetarian meat alternatives - nuggets, keema, kebabs and sausages made from green pea and chickpea, with keema also made from soya - seeded in three Indian cities and sold online and in modern trade outlets. - **Malgudi snacks** - in mid‑2025 the company test‑launched traditional South Indian snacks under the brand name ‘Malgudi’ for the domestic market, extending the subsidiary’s reach beyond coffee. # Group structure and partners **The parent company sits above five wholly owned subsidiaries that each handle a distinct geography or function, plus a small stake in a renewable‑energy associate that will supply captive green power.** - **Continental Coffee SA (Switzerland)** - the European manufacturing and private‑label hub, running an agglomeration and packing unit that also sources and customises spray‑dried and freeze‑dried variants for premium clients across Europe. - **Ngon Coffee Company Limited (Vietnam)** - the Southeast Asian manufacturing base, located in Dak Lak province in the middle of a major coffee‑growing region, with capacity expanded to 36,000 tonnes and a further 6,000‑tonne freeze‑dried facility approved at a project cost of USD 50 million. - **CCL Food and Beverages Private Limited (India)** - a greenfield spray‑dried instant coffee plant at Kuvvakolli, Andhra Pradesh, with 16,000 tonnes of annual capacity, which started commercial operations in March 2024. - **Continental Coffee Private Limited (India)** - the domestic kiosk and snacks subsidiary, which previously also housed the branded coffee marketing division until that division was demerged into the parent company in 2023. - **Jayanti Pte Limited (Singapore)** - a non‑operating investment vehicle. - **Mukkonda Renewables Private Limited (subsidiary company (SPV) of Ecoren Energy)** - a 26% stake acquired jointly by the parent and CCL Food and Beverages in late 2025, giving the group access to 10 MW of captive wind and solar power (7.9 MW for the parent, 2.1 MW for the subsidiary).

Documents — CCL Products (India) Ltd

  • Q1 FY2027 Earnings Call Transcript (Jun 2026, PDF): https://www.stockscans.in/document/d6xbe5aa5ne49l8r941yezx9.pdf
  • Q4 FY2026 Earnings Call Transcript (Mar 2026, PDF): https://www.stockscans.in/document/19dgupolde33zil1btya4le7.pdf
  • Q3 FY2026 Earnings Call Transcript (Dec 2025, PDF): https://www.stockscans.in/document/pu1luk9r5nujhh3zmxvhjblc.pdf
  • Q2 FY2026 Earnings Call Transcript (Sep 2025, PDF): https://www.stockscans.in/document/rudmfmc89mdr2ik73vtxsykf.pdf
  • Q1 FY2026 Earnings Call Transcript (Jun 2025, PDF): https://www.stockscans.in/document/7xp2nuezqomaay1i4h837gi6.pdf
  • Q4 FY2025 Earnings Call Transcript (Mar 2025, PDF): https://www.stockscans.in/document/j3k8aa7dvi43a07om5bbb2i2.pdf
  • Q3 FY2025 Earnings Call Transcript (Dec 2024, PDF): https://www.stockscans.in/document/fr0gqd6da4fpl3fh5zjvntm5.pdf
  • Q2 FY2025 Earnings Call Transcript (Sep 2024, PDF): https://www.stockscans.in/document/km7pqrl34bofnocxcsdinq1e.pdf
  • Q1 FY2027 Quarterly Result (Jun 2026, PDF): https://www.stockscans.in/document/4gj8rvqmgwb5407lr17s2eqe.pdf
  • Q4 FY2026 Quarterly Result (Mar 2026, PDF): https://www.stockscans.in/document/fndm71ok53sdnb4r58k73shj.pdf
  • Q3 FY2026 Quarterly Result (Dec 2025, PDF): https://www.stockscans.in/document/t0eo2w47pr3pzpqgaecpd25v.pdf
  • Q2 FY2026 Quarterly Result (Sep 2025, PDF): https://www.stockscans.in/document/v7hhkpvl7r0w38manr8jqc6j.pdf
  • Q1 FY2026 Quarterly Result (Jun 2025, PDF): https://www.stockscans.in/document/n1tq1cqiajp2b3cgwnh0i229.pdf
  • Q4 FY2025 Quarterly Result (Mar 2025, PDF): https://www.stockscans.in/document/5ds8qrzygwn5t4eho0f7azt5.pdf
  • Q3 FY2025 Quarterly Result (Dec 2024, PDF): https://www.stockscans.in/document/cvbg48bc4rnq6djdmoilwfqu.pdf
  • Q2 FY2025 Quarterly Result (Sep 2024, PDF): https://www.stockscans.in/document/wyfova57wayajwsd3kdejpch.pdf
  • FY2026 Annual Report (PDF): https://www.stockscans.in/document/j0b7uxezlcd7frmd1scmmjdw.pdf
  • FY2025 Annual Report (PDF): https://www.stockscans.in/document/sb0eaz2vtyc9hsf6nixc5b5y.pdf
  • FY2024 Annual Report (PDF): https://www.stockscans.in/document/x72p8esbkoowkd540a3gn239.pdf
  • FY2023 Annual Report (PDF): https://www.stockscans.in/document/19dzahset4437aoad1d9v5ve.pdf
  • FY2022 Annual Report (PDF): https://www.stockscans.in/document/b2bmg32m2mwovw4d3ptit4z1.pdf
  • FY2021 Annual Report (PDF): https://www.stockscans.in/document/03efxyqxt25mqd0u5u8w8347.pdf
  • FY2020 Annual Report (PDF): https://www.stockscans.in/document/zpilxvzavcweia2dq3lbhau8.pdf

Concall Transcript Summaries — CCL Products (India) Ltd

  • Q1 FY2027 Concall Transcript Summary (Jun 2026): https://www.stockscans.in/company/NSE%3ACCL/transcript-notes/202606/d6xbe5aa5ne49l8r941yezx9.pdf
  • Q4 FY2026 Concall Transcript Summary (Mar 2026): https://www.stockscans.in/company/NSE%3ACCL/transcript-notes/202603/19dgupolde33zil1btya4le7.pdf
  • Q3 FY2026 Concall Transcript Summary (Dec 2025): https://www.stockscans.in/company/NSE%3ACCL/transcript-notes/202512/pu1luk9r5nujhh3zmxvhjblc.pdf
  • Q2 FY2026 Concall Transcript Summary (Sep 2025): https://www.stockscans.in/company/NSE%3ACCL/transcript-notes/202509/rudmfmc89mdr2ik73vtxsykf.pdf
  • Q1 FY2026 Concall Transcript Summary (Jun 2025): https://www.stockscans.in/company/NSE%3ACCL/transcript-notes/202506/7xp2nuezqomaay1i4h837gi6.pdf
  • Q4 FY2025 Concall Transcript Summary (Mar 2025): https://www.stockscans.in/company/NSE%3ACCL/transcript-notes/202503/j3k8aa7dvi43a07om5bbb2i2.pdf
  • Q3 FY2025 Concall Transcript Summary (Dec 2024): https://www.stockscans.in/company/NSE%3ACCL/transcript-notes/202412/fr0gqd6da4fpl3fh5zjvntm5.pdf
  • Q2 FY2025 Concall Transcript Summary (Sep 2024): https://www.stockscans.in/company/NSE%3ACCL/transcript-notes/202409/km7pqrl34bofnocxcsdinq1e.pdf