CCL Products (India) Limited is a leading player in the global coffee industry, established in 1994. The company has gained prominence for producing premium-quality instant coffee and has grown into the largest exporter of instant coffee and private-label manufacturer worldwide. CCL Products exports its coffee to over 90 countries, catering to a diverse global clientele with a wide range of coffee products, including spray-dried coffee powder, agglomerated coffee, freeze-dried coffee, and freeze-concentrated liquid coffee. Additionally, they offer roast and ground coffee, roasted coffee beans, and premix coffee. This product diversity has made CCL Products a preferred supplier for coffee connoisseurs globally.
The company operates under the Continental brand, providing a variety of coffee blends tailored to different tastes and preferences. CCL Products maintains state-of-the-art manufacturing facilities that uphold high standards of quality, efficiency, and innovation. The company’s leadership is spearheaded by Mr. Challa Rajendra Prasad, the Executive Chairman with over 25 years of experience in the coffee industry, and Mr. Challa Srishant, the Managing Director, a law graduate who oversees the company’s operations and strategic initiatives. Together, they have played a key role in placing Indian soluble coffee on the global map, contributing to the company’s strong international presence.
Latest News on CCL Products (India) Ltd
CCL Products (India) Limited recently made significant announcements, reflecting its robust growth and shareholder commitment. At its Annual General Meeting held on September 20, 2024, the company approved a final dividend of ₹2.00 per equity share for the financial year 2023-24, reinforcing its focus on delivering value to shareholders. In addition, LKP Securities has issued a buy recommendation on CCL Products with a target price of ₹881, signaling confidence in the company’s future performance. Currently, the stock trades around ₹750.15. Further boosting its growth prospects, CCL Products has revealed plans for an ₹800 crore expansion to enhance its production capabilities, positioning itself for sustained global leadership in the coffee sector.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 46.26% | 46.26% | 46.26% | 46.26% | 46.09% |
| FIIs + | 7.70% | 7.75% | 7.77% | 8.12% | 9.76% |
| DIIs + | 21.05% | 21.39% | 21.44% | 21.73% | 20.57% |
| Public + | 24.99% | 24.61% | 24.54% | 23.89% | 23.60% |
| No. of Shareholders | 60,918 | 64,003 | 61,202 | 55,495 | 58,890 |
The shareholding pattern of CCL Products (India) Limited saw some shifts between June 2023 and June 2024. Promoters’ stake remained largely stable, with a slight decline from 46.26% to 46.09%. FIIs steadily increased their holdings, rising from 7.70% to 9.76%, while DIIs showed minor fluctuations, peaking at 21.73% in March 2024 before dropping to 20.57% in June 2024. The Public shareholding also saw a slight decrease from 24.99% to 23.60% over the same period. Meanwhile, the number of shareholders varied, reaching a high of 64,003 in September 2023, before falling to 55,495 in March 2024 and rebounding to 58,890 by June 2024.
Below are the trading platforms that you can use to purchase CCL Products (India) Limited shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| October 2024 | 820.75 | 713.70 |
| November 2024 | 853.58 | 742.25 |
| December 2024 | 862.12 | 749.67 |
As we approach October 2024, CCL Products (India) Limited is projected to have a maximum price of ₹820.75 and a minimum price of ₹713.70. Moving forward, in November 2024, the maximum price is expected to reach ₹853.58, while the minimum price could be around ₹742.25. As we step into December 2024, CCL Products (India) Limited is anticipated to see a maximum price of ₹862.12 and a minimum price of ₹749.67.
| When | Maximum Price | Minimum Price |
| January 2025 | 870.74 | 669.80 |
| February 2025 | 879.54 | 676.57 |
| March 2025 | 898.01 | 690.77 |
| April 2025 | 889.12 | 683.94 |
| May 2025 | 863.22 | 664.01 |
| June 2025 | 902.06 | 693.90 |
| July 2025 | 884.38 | 680.29 |
| August 2025 | 911.73 | 701.33 |
| September 2025 | 922.67 | 709.75 |
| October 2025 | 946.66 | 728.20 |
| November 2025 | 970.32 | 746.40 |
| December 2025 | 1,013.99 | 779.99 |
As we step into 2025, CCL Products (India) Limited is projected to see its maximum price at ₹870.74 and minimum at ₹669.80 in January. The prices are expected to rise steadily, with the maximum reaching ₹902.06 in June and ₹946.66 in October. By December 2025, CCL Products (India) Limited could achieve its highest annual maximum of ₹1,013.99, while the minimum is projected at ₹779.99, reflecting strong growth throughout the year.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,044.41 | 803.39 |
| February 2026 | 1,018.30 | 783.31 |
| March 2026 | 1,038.66 | 798.97 |
| April 2026 | 1,059.86 | 815.28 |
| May 2026 | 1,049.37 | 807.21 |
| June 2026 | 1,075.60 | 827.39 |
| July 2026 | 1,054.51 | 811.16 |
| August 2026 | 1,087.13 | 836.25 |
| September 2026 | 1,108.87 | 852.98 |
| October 2026 | 1,137.70 | 875.15 |
| November 2026 | 1,166.14 | 897.03 |
| December 2026 | 1,195.30 | 919.46 |
| When | Maximum Price | Minimum Price |
| January 2027 | 1,207.25 | 928.65 |
| February 2027 | 1,238.20 | 952.46 |
| March 2027 | 1,286.49 | 989.61 |
| April 2027 | 1,261.27 | 970.21 |
| May 2027 | 1,224.53 | 941.95 |
| June 2027 | 1,279.64 | 984.34 |
| July 2027 | 1,254.55 | 965.03 |
| August 2027 | 1,293.35 | 994.88 |
| September 2027 | 1,338.61 | 1,029.70 |
| October 2027 | 1,373.42 | 1,056.47 |
| November 2027 | 1,407.75 | 1,082.89 |
| December 2027 | 1,442.95 | 1,109.96 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,471.80 | 1,132.16 |
| February 2028 | 1,509.54 | 1,161.19 |
| March 2028 | 1,568.42 | 1,206.47 |
| April 2028 | 1,537.66 | 1,182.82 |
| May 2028 | 1,492.88 | 1,148.37 |
| June 2028 | 1,560.06 | 1,200.04 |
| July 2028 | 1,529.47 | 1,176.51 |
| August 2028 | 1,576.77 | 1,212.90 |
| September 2028 | 1,631.96 | 1,255.35 |
| October 2028 | 1,674.39 | 1,287.99 |
| November 2028 | 1,716.25 | 1,320.19 |
| December 2028 | 1,759.15 | 1,353.19 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,794.34 | 1,380.26 |
| February 2029 | 1,840.34 | 1,415.65 |
| March 2029 | 1,912.12 | 1,470.86 |
| April 2029 | 1,874.63 | 1,442.02 |
| May 2029 | 1,820.02 | 1,400.02 |
| June 2029 | 1,901.93 | 1,463.02 |
| July 2029 | 1,864.63 | 1,434.33 |
| August 2029 | 1,922.30 | 1,478.69 |
| September 2029 | 1,989.58 | 1,530.45 |
| October 2029 | 2,041.31 | 1,570.24 |
| November 2029 | 2,092.34 | 1,609.50 |
| December 2029 | 2,144.65 | 1,649.73 |
| When | Maximum Price | Minimum Price |
| January 2030 | 2,187.55 | 1,682.73 |
| February 2030 | 2,243.64 | 1,725.87 |
| March 2030 | 2,331.14 | 1,793.18 |
| April 2030 | 2,285.43 | 1,758.02 |
| May 2030 | 2,218.86 | 1,706.82 |
| June 2030 | 2,318.71 | 1,783.63 |
| July 2030 | 2,273.25 | 1,748.65 |
| August 2030 | 2,343.55 | 1,802.73 |
| September 2030 | 2,425.58 | 1,865.83 |
| October 2030 | 2,488.64 | 1,914.34 |
| November 2030 | 2,550.86 | 1,962.20 |
| December 2030 | 2,614.63 | 2,011.26 |
In 2030, CCL Products (India) Limited is expected to have a maximum price of ₹2,187.55 and a minimum price of ₹1,682.73 in January, with steady growth throughout the year. By June, prices could reach ₹2,318.71 at the maximum and ₹1,783.63 at the minimum. As we approach December 2030, CCL Products (India) Limited is projected to hit its highest maximum of ₹2,614.63 and a minimum of ₹2,011.26, reflecting continued strength in the market.
Financial Condition of CCL Products (India) Limited: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 1,139 | 1,242 | 1,462 | 2,071 | 2,654 | 2,772 |
| Expenses + | 853 | 945 | 1,131 | 1,671 | 2,208 | 2,303 |
| Operating Profit | 286 | 298 | 331 | 400 | 445 | 469 |
| OPM % | 25% | 24% | 23% | 19% | 17% | 17% |
| Other Income + | 4 | 3 | 4 | 3 | 6 | 7 |
| Interest | 18 | 17 | 16 | 34 | 78 | 84 |
| Depreciation | 47 | 49 | 57 | 64 | 98 | 98 |
| Profit before tax | 225 | 235 | 261 | 305 | 276 | 294 |
| Tax % | 26% | 22% | 22% | 7% | 9% | |
| Net Profit + | 166 | 182 | 204 | 284 | 250 | 261 |
| EPS in Rs | 12.47 | 13.7 | 15.36 | 21.35 | 18.73 | 19.56 |
| Dividend Payout % | 40% | 29% | 33% | 21% | 24% |
CCL Products (India) Limited has demonstrated a steady financial performance over the years, with consistent growth in sales and operational efficiency. From March 2020 to March 2024, the company’s sales increased from ₹1,139 crore to ₹2,654 crore, showing a robust upward trend. The trailing twelve months (TTM) sales reached ₹2,772 crore. However, expenses have also risen, climbing from ₹853 crore in March 2020 to ₹2,208 crore by March 2024, leading to a profit before tax decline to ₹276 crore in 2024 after peaking at ₹305 crore in 2023.
Operating profit saw an increase from ₹286 crore in March 2020 to ₹445 crore by March 2024, though the operating profit margin (OPM%) declined from 25% to 17%, reflecting rising costs. Despite this, the company maintained a healthy profitability, with net profit growing from ₹166 crore in March 2020 to ₹250 crore in March 2024, with a TTM net profit of ₹261 crore.
Earnings per share (EPS) increased from ₹12.47 in March 2020 to ₹18.73 in March 2024, and further to ₹19.56 in the TTM. The dividend payout percentage, however, fluctuated, with a decline from 40% in 2020 to 24% in 2024, indicating a more cautious approach to dividends in recent years.
Despite increasing interest expenses and higher depreciation, CCL Products continues to exhibit resilience in its financials, maintaining profitability and growth amidst rising operational costs.
FAQs
What is CCL Products (India) Ltd’s current market cap?
As of September 21st, CCL Products (India) market capitalization stands at ₹10,114 crores.
The current share price of CCL Products (India) is ₹757 as of September 21st, 2024.
The share price target for CCL Products (India) for December 2025 ranges from a minimum of ₹779.99 to a maximum of ₹1,013.99.
The share price target for CCL Products (India) Ltd for December 2030 ranges from a minimum of ₹2,011.26 to a maximum of ₹2,614.63.
What is CCL Products (India) Ltd’s current Price-to-Earnings (P/E) ratio?
The current P/E ratio of CCL Products (India) Ltd is 38.8.
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Conclusion
In conclusion, CCL Products (India) Limited showcases a robust financial trajectory, marked by impressive sales growth from ₹1,139 crore in March 2020 to ₹2,654 crore in March 2024. Although expenses rose significantly to ₹2,208 crore, the company maintained an operating profit of ₹445 crore and a net profit of ₹250 crore, reflecting resilience amidst rising costs. The recent announcement of a ₹2.00 final dividend and an ₹800 crore expansion plan underscores its commitment to delivering shareholder value and enhancing production capabilities. Additionally, LKP Securities’ positive buy recommendation reinforces investor confidence. With its strategic positioning in the global coffee market, CCL Products is poised for sustained growth and continued success.
What did we learn?
- 1 Latest News on CCL Products (India) Ltd
- 2 Shareholding Patterns of CCL Products (India)
- 3 How to buy CCL Products (India) Limited Shares in India?
- 4 CCL Products (India) Limited Share Price Target: 2024 to 2030
- 4.1 CCL Products (India) Limited Share Price Target 2024
- 4.2 CCL Products (India) Limited Share Price Target 2025
- 4.3 CCL Products (India) Limited Share Price Target 2026
- 4.4 CCL Products (India) Limited Share Price Target 2027
- 4.5 CCL Products (India) Limited Share Price Target 2028
- 4.6 CCL Products (India) Limited Share Price Prediction 2029
- 4.7 CCL Products (India) Limited Share Price Target 2030
- 5 Financial Condition of CCL Products (India) Limited: Last 5 Years
- 6 FAQs
- 6.1 What is CCL Products (India) Ltd’s current market cap?
- 6.2 What is the current share price of CCL Products (India) Ltd?
- 6.3 What is the share price target for CCL Products (India) Ltd for 2025?
- 6.4 What is the share price target for CCL Products (India) Ltd for 2030?
- 6.5 What is CCL Products (India) Ltd’s current Price-to-Earnings (P/E) ratio?
- 7 Conclusion
