CCL Products (India) (CCL) Q2 25/26 earnings summary

Executive summary

• Achieved Q2 turnover of INR 1,128.21 crore, up 52.7% year-over-year; H1 turnover at INR 2,186.25 crore, up 44.5% year-over-year.

• Q2 EBITDA grew 44.3% to INR 198.61 crore; H1 EBITDA up 33.7% to INR 360.05 crore.

• Net profit for Q2 at INR 100.86 crore, up 36.4%; H1 net profit at INR 173.31 crore, up 19.2%.

• Board approved unaudited standalone and consolidated financial results for Q2 and H1 FY2026, reviewed by statutory auditors with unmodified reports.

• Acquisition of 26% in Mukkonda Renewables Pvt Ltd for ₹12.12 crore to secure 10 MW hybrid captive renewable energy.

Financial highlights

• Standalone revenue from operations for Q2 FY2026: ₹55,918.02 lakh, up from ₹43,690.32 lakh in Q2 FY2025; H1 FY2026: ₹1,09,399.09 lakh vs ₹86,850.12 lakh YoY.

• Consolidated revenue from operations for Q2 FY2026: ₹1,12,672.61 lakh, up from ₹73,819.77 lakh YoY; H1 FY2026: ₹2,18,236.50 lakh vs ₹1,51,149.13 lakh YoY.

• Q2 EBITDA: INR 198.61 crore (up 44.3% YoY); H1 EBITDA: INR 360.05 crore (up 33.7% YoY).

• Q2 PBT: INR 127.09 crore (up 45.5% YoY); H1 PBT: INR 221.28 crore (up 26.8% YoY).

• Standalone net profit for Q2 FY2026: ₹11,226.44 lakh, up from ₹3,136.18 lakh YoY; H1 FY2026: ₹14,362.62 lakh vs ₹5,276.70 lakh YoY.

Outlook and guidance

• Maintains long-term volume growth guidance of 10%-20% annually; expects to end the year at the higher end of 15%-20% EBITDA growth guidance.

• Net debt guidance: INR 1,350 crore by December, INR 1,200 crore by March; not revising guidance despite being ahead of schedule.

• Board and auditors confirm compliance with Indian Accounting Standards and SEBI regulations; no material misstatements identified.