BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Systematix Research Report
CCL Products India Ltd.’s Q1 FY23 results were quite strong, with volume/Ebitda/profit before tax growth of 25%/23%/24%, respectively, led by strong demand trends across geographies.
High coffee inflation resulted in much higher realisation, leading to 56% YoY growth in revenue, but optically driving Ebitda margin lower by 470 basis points to 17.4%.
Some impact seen in postponement of Russia-bound shipments has now normalised, while continued volume traction is being witnessed in India, U.S. and European markets.
Enthused by the demand buoyancy and optimum capacity utilisation across all plants, management has announced another large 16,000 million tonne greenfield expansion in India, and also raised volume growth guidance from 15- 20% to 20-25%.
We believe, CCL Products’ lower capex and opex costs compared to peers would enable the company to continuously gain market share from global peers in the space.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR