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Discovery Series | CCL Products (India): A perfect blend to sip

January 04, 2021 / 02:12 PM IST
Discovery Series | CCL Products (India): A perfect blend to sip

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

In our discovery series, we are zeroing in stocks that were not earlier under coverage, but the results and outlook for which appear promising. Incorporated in 1994, CCL Products (India) Ltd (CCL) (CMP: Rs 268; Market capitalization: Rs 3,569 crore) has been in the business of processing of green coffee and is the country’s largest private label instant coffee manufacturer with plants in India, Vietnam and Switzerland. CCL exports to nearly 90 countries and sells nearly 200 unique blends. It...

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