While most FMCG players were busy counting sugar-free calories, CCL Products was counting crores — ₹1,128 crore, to be precise. A 52.7% revenue surge later, caffeine addicts across Dalal Street were wide awake. The management sounded calm even as green coffee prices danced like a caffeinated squirrel — Brazil’s rain, Vietnam’s floods, and traders’ speculation brewed a perfect storm ☕️.
Yet, CCL’s leadership team somehow managed to blend volatility, volume, and vision into one frothy quarter. Read on — things get spicier when the CFO starts discussing working capital and the CEO dreams of turning this coffee giant into a full-blown FMCG powerhouse.
2. At a Glance
Revenue up 52.7% YoY to ₹1,128 crore – Apparently, caffeine works better than steroids.
EBITDA ₹199 crore, up 44.3% – Brewed strong, no sugar added.
PAT ₹101 crore, up 36.4% – The bean counters are smiling.
Volume growth 20%+ – The espresso shot was clearly double.
EBITDA/kg ₹130 (↑₹10 QoQ) – Margin magic per kilo, one cup at a time.
B2C revenue ₹110 crore (₹210 crore H1) – The “Continental” dream is now domestic.
Debt down to ₹1,580 crore; net debt lower – CFO finally slept well.
Capacity utilization ~70% – Old plants maxed, new ones warming up.
3. Management’s Key Commentary
“Turnover grew 52.7% YoY to ₹1,128 crore; volume growth 20%+.” (Coffee beans doing more heavy lifting than ChatGPT prompts.)
“EBITDA per kilo improved ₹10–₹12 this quarter.” (Inflation-proof, caffeine-backed pricing power 😏)
“Domestic branded business at ₹210 crore in H1; we’re #2 in AP & Telangana.” (Filter coffee loyalists are now brand-conscious — miracles do happen.)
“Working capital improved via faster receivables, better inventory use.” (Translation: We finally made customers pay on time.)
“Capacity utilization at 70%; 100% on old units, 15–20% on new.” (Machines brewing harder than HR emails on appraisal day.)
“Vision is to be an FMCG company, not just a coffee manufacturer.” (Today: beans. Tomorrow: biscuits?)
“EBITDA growth guidance of 15–20%, but closer to upper end.” (CFO flexing without saying it directly.)
