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 (+36.4% YoY); H1 net profit at INR 173.31 crore (+19.2% YoY).

• 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

• 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 PBT at INR 127.09 crore (+45.5% YoY); H1 PBT at INR 221.28 crore (+26.8% YoY).

• EBITDA per kg improved by INR 10-12 sequentially, now at INR 130-132 per kg.

• B2C EBITDA margin at 5%-6%, with incremental volumes contributing to profitability.

• Net debt reduced to INR 1,580 crore, with guidance to reach INR 1,200 crore by March.

Outlook and guidance

• Maintains 15%-20% annual EBITDA growth guidance, expecting to end FY at the higher end.

• Volume growth guidance of 10%-20% per year remains intact.

• No immediate plans for new capacity; will consider expansion when utilization nears 80%-85%.

• Revenue guidance is dependent on volatile green coffee prices; volume growth is the key performance indicator.

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