CCL Products Hosts Q3FY26 Earnings Call Discussing Strong Performance and Growth
CCL Products held its Q3FY26 earnings conference call on February 5, 2026, where management discussed impressive financial results including 38% revenue growth to ₹1,053 crores and 59% net profit growth. The company demonstrated strong domestic market performance with branded sales reaching ₹330 crores for nine months, while maintaining stable coffee prices and improving debt position through effective working capital management.
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CCL Products (India) Limited conducted its Q3FY26 earnings conference call on February 5, 2026, hosted by Nirmal Bang Institutional Equities. The management team, led by Managing Director Challa Srishant, CEO Praveen Jaipuriar, and Executive Chairman Challa Rajendra Prasad, discussed the company's robust quarterly performance and strategic outlook.
Strong Q3FY26 Performance Highlights
During the earnings call, management presented impressive consolidated financial results for Q3FY26:
| Financial Metric: | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| Revenue: | ₹1,053 crores | ₹761 crores | +38% |
| EBITDA: | ₹187.56 crores | ₹127.22 crores | +47% |
| PBT: | ₹116.27 crores | - | +62% |
| Net Profit: | ₹100.26 crores | - | +59% |
Nine Months Performance Overview
For the nine-month period, CCL Products demonstrated sustained growth momentum with consolidated revenue reaching ₹3,239.41 crores compared to ₹2,274.54 crores in the corresponding period. The company achieved EBITDA of ₹547.60 crores against ₹396.46 crores, representing 38% growth.
Domestic Market Growth and Brand Performance
The domestic market continued its strong trajectory with gross sales of approximately ₹180 crores for Q3FY26 and ₹480 crores for the nine-month period. Branded sales contributed significantly with ₹120 crores for the quarter and ₹330 crores for nine months, targeting ₹430-440 crores for the full year.
| Domestic Business Metrics: | Details |
|---|---|
| Q3FY26 Gross Sales: | ₹180 crores |
| Q3FY26 Branded Sales: | ₹120 crores |
| Nine Months Branded Sales: | ₹330 crores |
| Direct Distribution Outlets: | 140,000 outlets |
Volume Growth and Capacity Utilization
Management highlighted that volume growth contributed approximately 20% to the overall 38% revenue growth, with the remaining 18% coming from value growth. The company operates at 65-70% blended capacity utilization and expects to reach 85-90% utilization within two years.
Debt Reduction and Working Capital Management
CFO Chaithanya Agasthyaraju reported significant debt reduction, with gross debt declining to ₹1,448 crores from ₹2,000 crores a year ago. Net debt stands at ₹1,248 crores, with the company maintaining its guidance of ₹1,250 crores by March 2026. The average interest rate across the group is approximately 7%.
Market Outlook and Coffee Price Stability
CEO Praveen Jaipuriar noted that green coffee prices remain in the ₹3,600-4,000 range, appearing more stable than the previous year. The company's cost-plus model ensures EBITDA per kg remains unaffected by coffee price fluctuations, currently maintaining levels of ₹135-140 per kg.
Dividend Declaration
The Board declared an interim dividend of ₹2.75 per equity share (137.50% of nominal value) for FY2025-26, with February 10, 2026, as the record date and payment by February 20, 2026.
The earnings call reinforced CCL Products' strong market position in the coffee industry, with management expressing confidence in maintaining growth momentum while focusing on operational efficiency and market expansion.
Historical Stock Returns for CCL Products
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.77% | +3.51% | +14.70% | +20.30% | +80.23% | +353.55% |
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