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CCL Products: Growth gets a helping hand

Capacity expansion, higher volume guidance make it a perfect blend. The company is targeting 40 percent growth in FY23 for the domestic market on the back of higher distribution in south and north India

August 30, 2022 / 08:51 AM IST
CCL Products: Growth gets a helping hand

Representative image.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

A healthy growth in volumes helped CCL Products (CMP: Rs 472; Market capitalisation: Rs 6,272 crore) — engaged in the production, trading, and distribution of coffee, with plants in Vietnam and India — to post a 56 percent year-on-year (YoY) growth in consolidated revenues during the June quarter. This has encouraged the management to raise the guidance for volume growth for FY23 to 20-25 percent from 15-17 percent estimated earlier. June 2022 quarter results The rise in consolidated revenues came on...

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