CCL

CCL Products (India) share price & financials

Price
₹1,191.4
Market cap
₹14.8k Cr
Sector
Fast Moving Consumer Goods
Calls analysed
7
Latest concall · Q1 FY27 · call held 28 Jul 2026

CCL Products (India) Limited Q1 FY27

EBITDA ₹196.69 cr +22%Net Profit ₹116.87 cr +61%PBT ₹129.02 cr +37%

What went well

  • Turnover increased by 13.76% YoY to ₹1,203.59 crores, supported by strong volume growth of almost 20%.
  • EBITDA grew significantly by 21.84% to ₹196.69 crores, demonstrating operational efficiency.
  • Net Profit saw a substantial increase of 61.31% to ₹116.87 crores.

What to watch

  • Green coffee prices remain volatile, ranging between ₹3,300 to ₹3,800, with potential impact from El Nino on Vietnam crop.
  • Logistics costs and packaging prices experienced fluctuations, impacting the standalone India business.
Read the full call →

What CCL Products (India) Limited does

CCL Products (India) Limited manufactures instant and roasted coffee — spray-dried powder and granules, freeze-dried coffee, freeze-concentrated liquid coffee, roasted beans, roast & ground coffee and coffee/tea premixes — supplied in retail formats (jars, cans, sachets) and bulk formats (drums, bulk boxes, big bags). It earns through two business lines: private-label (B2B) manufacturing for global bulk and institutional customers, and its own branded (B2C) coffee sold in India under Continental, THIS and Malgudi, and internationally under Percol in the UK. Its coffee is also served on airlines including IndiGo and AirAsia, and at hotel chains such as Radisson, Ibis, Club Mahindra, Sarovar and Sterling Resorts. Manufacturing spans four plants across three countries — Andhra Pradesh (India), Vietnam and Switzerland.

Segments

  • Private Label / B2B Coffee
  • Branded / B2C Coffee
Manufacturing facilities
4 plants — Duggirala & Kuvvakolli (Andhra Pradesh, India), Dak Lak (Vietnam), Les Verrières (Switzerland)
Export markets
Over 90 countries
Coffee product formats
7 — spray dried powder, spray dried granules, freeze dried, freeze concentrated liquid, roasted beans, roast & ground, premix coffee/tea
Domestic branded coffee market position
Continental brand ranks as the No. 3 player in the Indian branded coffee market
International consumer brand
Percol (United Kingdom)
First-mover facility
Duggirala plant produced India's first freeze-dried instant coffee, commissioned in 2005
Founded 1995Headquarters Duggirala, Guntur District, Andhra Pradesh, India Company website

Guidance record · Q1 FY27

what the last two calls moved 14 tracked 4 delivered 1 missed 9 open
  • EBITDA Growth delivered said Q3 FY25 Promised: 15 to 20% year-on-year Q1 FY27: This promise pertained to FY26 and was successfully achieved.
  • B2C EBITDA Margin went quiet said Q4 FY26 Promised: Maintain at 4-5% for the next 2-3 years Q1 FY27: The specific B2C EBITDA margin for the quarter was not mentioned in the earnings call.
  • Net Debt revised up said Q4 FY26 Promised: INR 1,100 crores to INR 1,200 crores for FY27 Q1 FY27: Net debt reduced to INR 963 crores, significantly outperforming the initial guidance. Management now guides for net debt around INR 800 crores for FY27.

All 14 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 7.9%, net profit down 29.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue437 402 448 535 559 +28%564 +40%558 +25%577 +8%
EBITDA69 47 52 80 96 +39%74 +57%50 −4%61 −24%
Net profit28 9 30 31 112 +300%36 +300%107 +257%22 −29%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +17.8% 1Y

₹0.8k₹0.9k₹1.0k₹1.1k₹1.2kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 6 Nov 2025Q3 FY26 — 5 Feb 2026Q4 FY26 — 8 May 2026Q1 FY27 — 28 Jul 2026

1Y: ₹917.5 on 10 Sept 2025 → ₹1,081. High ₹1,229.7 (13 Jul 2026), low ₹829.25 (13 Oct 2025).

How the price took the results

close before → close after

Q1 FY27
+1.2%
28 Jul
Q4 FY26
−7.0%
8 May
Q3 FY26
−1.3%
5 Feb
Q2 FY26
+9.5%
6 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 2.3% a year over 3 years, FY23 to FY26. Operating margin narrowed to 13.5%.

Year endingFY23FY24FY25FY26
Revenue₹2.1k Cr₹1.5k Cr₹1.7k Cr₹2.2k Cr
Operating profit₹401 Cr₹212 Cr₹233 Cr₹300 Cr
Operating margin19.4%14.6%13.6%13.5%
Interest₹34 Cr₹45 Cr₹70 Cr₹70 Cr
Depreciation₹63 Cr₹52 Cr₹48 Cr₹55 Cr
Net profit₹269 Cr₹95 Cr₹92 Cr₹286 Cr
Net margin13.0%6.5%5.4%12.9%
Cash from operations₹102 Cr₹63 Cr₹148 Cr₹324 Cr
Free cash flow₹8 Cr₹-13 Cr₹82 Cr₹296 Cr
ROCE14.0%9.0%10.0%21.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹27 Cr₹27 Cr₹27 Cr₹27 Cr₹27 Cr₹27 Cr
Reserves₹902 Cr₹967 Cr₹1.1k Cr₹1.1k Cr₹2.1k Cr₹1.4k Cr
Borrowings₹408 Cr₹481 Cr₹576 Cr₹783 Cr₹1.6k Cr₹625 Cr
Other liabilities₹129 Cr₹141 Cr₹139 Cr₹140 Cr₹574 Cr₹566 Cr
Total liabilities₹1.5k Cr₹1.6k Cr₹1.8k Cr₹2.0k Cr₹4.3k Cr₹2.6k Cr
Fixed assets₹662 Cr₹656 Cr₹817 Cr₹860 Cr₹2.0k Cr₹918 Cr
Capital work in progress₹78 Cr₹147 Cr₹44 Cr₹14 Cr₹18 Cr₹3 Cr
Investments₹157 Cr₹157 Cr₹157 Cr₹237 Cr₹0 Cr₹250 Cr
Other assets₹569 Cr₹655 Cr₹776 Cr₹927 Cr₹2.2k Cr₹1.4k Cr
Total assets₹1.5k Cr₹1.6k Cr₹1.8k Cr₹2.0k Cr₹4.3k Cr₹2.6k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs added +1.43 pp while the public trimmed −1.26 pp. The shareholder count grew 16% to 63,904.

Promoters
46.1%
FIIs
12.1%
DIIs
21.1%
Public
20.5%
Others
0.1%

Since Jun 2025

  • FIIs +1.43 pp
  • Public −1.26 pp
  • Others −0.11 pp

How it drifted, 12 quarters

Over this window FIIs went from 7.8% to 12.1% — +4.3 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 46.3%, FIIs 7.8%, DIIs 21.4%, Public 24.6%.Dec '23: Promoters 46.3%, FIIs 7.8%, DIIs 21.4%, Public 24.5%.Mar '24: Promoters 46.3%, FIIs 8.1%, DIIs 21.7%, Public 23.9%.Jun '24: Promoters 46.1%, FIIs 9.8%, DIIs 20.6%, Public 23.6%.Sep '24: Promoters 46.1%, FIIs 10.2%, DIIs 21.0%, Public 22.7%.Dec '24: Promoters 46.1%, FIIs 10.1%, DIIs 21.1%, Public 22.7%.Mar '25: Promoters 46.1%, FIIs 10.2%, DIIs 20.9%, Public 22.8%.Jun '25: Promoters 46.1%, FIIs 10.6%, DIIs 21.2%, Public 21.8%, Others 0.3%.Sep '25: Promoters 46.1%, FIIs 10.5%, DIIs 21.8%, Public 21.3%, Others 0.3%.Dec '25: Promoters 46.1%, FIIs 11.0%, DIIs 21.5%, Public 21.1%, Others 0.3%.Mar '26: Promoters 46.1%, FIIs 11.2%, DIIs 21.4%, Public 21.0%, Others 0.3%.Jun '26: Promoters 46.1%, FIIs 12.1%, DIIs 21.1%, Public 20.5%, Others 0.1%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of CCL Products (India) Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Challa Shantha Prasad 24.04%unchanged
Challa Srishant 10.57%unchanged
Challa Rajendra Prasad 10.02%unchanged
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small Cap Fund Mutual fund5.39%−0.12 pp
HSBC Mutual Fund - HSBC Aggressive Hybrid Fund Mutual fund3.55%−0.14 pp
SBI Mnc Fund Mutual fund2.38%−0.10 pp
Motilal Oswal Nifty Smallcap 250 Index Fund Mutual fund1.70%−0.06 pp
Heleanna Gabrielle Georgalis 1.33%unchanged
Franklin India Small Cap Fund Mutual fund1.32%−0.26 pp
Svadha India Emerging Opportunities Scheme 1 VC / PE1.25%unchanged
Parag Parikh ELSS Tax Saver Fund Mutual fund1.05%unchanged
Challa Ajitha 0.76%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in CCL

Filings to Aug 2026

0 new, 4 added, 2 trimmed, 0 sold out — net −0.45 L shares (−1.4%).

Held by funds
₹342 Cr
9 schemes
Biggest holder
SBI MNC Fund
₹137 Cr · 2.0% of that fund
SchemeHoldingLast month
SBI MNC Fund SBI Mutual Fund₹137 Cr−0.47 L
SBI Flexicap Fund SBI Mutual Fund₹122 Crheld
SBI Quality Fund SBI Mutual Fund₹49 Crheld
SBI Comma Fund SBI Mutual Fund₹15 Crheld
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹12 Cr+0.01 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹6 Cr+0.01 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹0 Cr−0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

4 added, 2 trimmed — net −45,458 shares (−1.4%)

Funds are sitting on
+59%
vs est. average cost
Held by funds
₹342 Cr
9 schemes · ≈ 2.5% of the company
Biggest holder
SBI MNC Fund
₹137 Cr · 2.0% of that fund
Longest holder
Nippon India Nifty Smallcap 250 Index Fund
5y 11m · since Oct '20

Shares held by these funds −45%

Aug '23 32.10 L shares Jul '26

What the price assumes

Growth the price implies
A decline
for 7 years, fading to 4%
It has actually compounded at
Not enough history
The gap
—
between what it did and what it must do
Price today ₹1,081 Cyclical — a peak-earnings base overstates value

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse CCL Products (India) Limited

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