CCL Products (India) Ltd

CCL Products (India) Limited reported Q2 FY2026-27 results with a 7.8% revenue growth to INR1,215.99 crores, driven by double-digit volume growth. EBITDA rose 9.5% to INR217.3 crores, while net profit increased 29% to INR130 crores. For the first half, revenue grew 11.6% to INR2,419.58 crores, with EBITDA up 15% to INR414 crores and net profit rising 42% to INR246.96 crores. Domestic branded sales grew 25%, with strong momentum across GT, MT, and e-commerce channels. Green coffee prices remained range-bound between USD3,400-3,800 per ton, with expectations of stability until the November-December Vietnam harvest. Management guided toward 15% annual volume growth and similar EBITDA growth, with robust Q3-Q4 order books. Debt stood at INR1,192 crores (net INR742 crores) with interest rates around 7.25%. Capacity utilization was 70% overall, with freeze-dried (FD) demand outpacing spray-dried (SD). Management discussed potential FD capacity expansion of 6,000 tons in 1.5-2 years, either through internal projects or strategic partnerships. International branded initiatives like Percol and Malgudi showed early traction, with plans for U.S. and Middle East expansion. The company emphasized maintaining 15% growth through a mix of organic capacity and strategic collaborations, with no immediate acquisition plans.

The document highlights strong revenue and profit growth, positive demand trends, and confidence in future guidance.