CCL Products Q3 Review - Strong Demand To Continue But Margins To Remain Flattish: Systematix

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Research Report.CCL Products India Ltd.'s consolidated revenue grew 41% (25% estimated) in Q3 FY22, driven by volume growth of 17% (18.8% in nine months-FY22) due to spillover of orders from Q2 FY22 (dispatches were impacted due to Covid-19 restrictions in Vietnam) and increased Vietnam capacity. Inflation in green coffee prices led to gross margin contraction of 727 basis points to 48.2%, while Ebitda margin contracted 222 bps to 21.9% because of higher freight and container costs. The India branded business grew ~40% YoY to Rs 1.45 billion (~Rs 1 billion from business-to-consumer) in 9MFY22 on strong growth in the retail business; CCL Products aims a topline of Rs 2 billion in FY22E. The management maintained its volume growth guidance of 15-20% in instant coffee for FY22E. It expects a flattish Ebitda margin for two years..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint 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 BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

CCL Products Q3 Review - Strong Demand To Continue But Margins To Remain Flattish: Systematix

CCL Products Q3 Review - Strong Demand To Continue But Margins To Remain Flattish: Systematix

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