CCL Products (India) Limited — Investor Meet, 09-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

CCL Products reported Q4 revenue of INR 840 Cr (+15% YoY), net profit of INR 102 Cr, and EBITDA of INR 167 Cr. FY25 revenue crossed INR 3,100 Cr (+17%) with net profit at INR 310 Cr (+24%) and EBITDA at INR 564 Cr. Volume grew ~10% for the year, with domestic business at ~INR 440 Cr led by branded sales (~INR 300 Cr).

Management highlighted balanced growth from exports and domestic brands, with pricing actions and cost optimizations supporting margins amid high, volatile coffee prices. Working capital rose to ~45% of revenues due to inventory at elevated prices; debt stands around INR 1,800 Cr but is expected to normalize post-capacity expansion.

Innovation drives growth, with blends doubled to 1,000 and new product launches like instant cold brew. Utilization is near full on older capacity; new expansions are ramping. Market penetration is expanding in developing countries, while mature markets focus on share gains.

B2C saw ~30-35% pricing hikes on larger packs; smaller sachets held prices but reduced grams. Demand shows short-term pressure from inflation but long-term potential remains strong. Management is cautiously optimistic on sustainable EBITDA growth, market share, and managing price volatility.