CCL Products (India) (CCL) Q3 24/25 earnings summary

Executive summary

• Achieved Q3 FY25 turnover of ₹758.4 crores, up 14.13% year-over-year despite supply chain headwinds and volatile green coffee prices.

• EBITDA for the quarter rose 13.53% to ₹127.22 crores; profit before tax increased 7.77% to ₹71.87 crores.

• Net profit after tax remained flat at ₹63 crores due to higher tax incidence.

• YTD turnover reached ₹2,269.9 crores, up 17.8% year-over-year; YTD EBITDA grew 20.37% to ₹396.46 crores.

• Reported unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024, with limited review reports issued by statutory auditors and no material misstatements identified.

Financial highlights

• Consolidated revenue from operations for Q3 FY25 was Rs. 75,841.10 lakhs, up from Rs. 66,448.21 lakhs in Q3 FY24; nine-month revenue was Rs. 2,26,990.23 lakhs, up from Rs. 1,92,698.37 lakhs year-over-year.

• Q3 EBITDA up 13.53% year-over-year; YTD EBITDA up 20.37%.

• Q3 net profit flat at ₹63 crores; YTD net profit up 12.77% to ₹208.47 crores.

• Volume growth for Q3 was 3-4%; YTD volume growth close to 10%.

• Working capital at ₹1,200 crores; total debt around ₹2,000 crores as of December.

Outlook and guidance

• Targeting aggressive market share gains in both B2B and B2C segments over the next 4-5 years.

• Guidance for 10-20% volume growth, with long-term aim of 15% volume and EBITDA growth.

• No major capex planned for the next three years; focus on debt reduction.

• Expecting to maintain 15-20% EBITDA growth even if volume growth is temporarily lower.

• Board and management reviewed and approved results, with continued focus on operational performance and compliance; no adverse auditor remarks or material misstatements noted.