CCL Products - On Expansion Mode Backed By Order Visibility: Nirmal Bang

The management indicated that underlying demand for soluble coffee continues to remain strong.
<div class="paragraphs"><p>Close view of coffee beans (Source:</p></div>
Close view of coffee beans (Source:

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.  

Nirmal Bang Report

We recently interacted with the management of CCL Products India Ltd. to understand the outlook on underlying demand, status of expansion plans, margin drivers and update on the business-to-consumer business.

The management indicated that underlying demand for soluble coffee continues to remain strong. CCL Products volume growth is ahead of industry growth on account of new client acquisitions, increasing wallet share from existing clients and replacement of existing coffee processors across different parts of the world.

We believe that the company is in a position to clock 60,000 tonnes volume by FY26, which should translate into ~Rs 7.2 billion Ebitda, implying four-year compound annual growth rate of ~22%.

Click on the attachment to read the full report:

Nirmal Bang CCL Products- Management Meet Updatr.pdf


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.

Get Regular Updates