CCL Products shares jumped 9% to ₹1,171.50 on the BSE in Monday's intra-day trade amid heavy volumes, as reported by Business Standard. The stock hit a 52-week high of ₹1,216.80 on May 7, 2026, demonstrating strong investor confidence. At 01:41 PM, the stock was trading 8% higher at ₹1,157, significantly outperforming the 0.77% decline in the BSE Sensex. The average trading volumes jumped over 12-fold, with a combined 3.16 million equity shares representing 2.4% of total equity changing hands on NSE and BSE. CCL Products' current market capitalisation stands at ₹15,377.08 crore, with the stock trading at ₹1,154.00 at 3:00 PM on the NSE and having gained more than 32% over the past year. CEO Praveen Jaipuriar confirmed the company's guidance of around 15% growth in both volumes and earnings for FY27, maintaining EBITDA growth in the region of 15% rather than pushing it to 20-25% levels.
According to Business Standard, the company achieved turnover of ₹1,226.39 crore in Q4FY26 compared to ₹839.65 crore in the corresponding quarter of the previous year, representing a 46% growth. The EBITDA grew 16% year-on-year to ₹193.76 crore from ₹167.1 crore, while net profit increased 12% YoY to ₹114.53 crore. The strong performance was driven by robust 18% volume growth and healthy demand across segments, with the Continental brand continuing to gain market share supported by expansion into key markets such as Delhi and Mumbai. As reported by CNBC TV18, the company had delivered volume growth of around 18-20% in the previous year, with the March quarter recording growth closer to 20%, though a significant part of revenue growth came from higher coffee prices.
As reported by CNBC TV18, CCL Products operates on a cost-plus model and procures coffee against confirmed customer orders, which helps shield profitability from volatility in coffee prices. This approach allows the company to focus on preserving EBITDA per kilogram rather than percentage margins. Coffee prices have already declined about 20% from last year's levels, with expectations of a better crop in Brazil potentially leading to further softening. Global coffee prices have already declined by more than 23% from their record highs, supported by improving supplies and a strong Brazilian harvest. According to Jaipuriar, lower coffee prices are positive for customers as they provide greater visibility and encourage long-term contracts. The moderation in global Robusta prices is expected to ease raw material cost pressures and support margin recovery, benefiting FMCG companies like CCL Products with exposure to the instant coffee category.
According to CNBC TV18, CCL Products' supply chain remains relatively insulated despite geopolitical tensions affecting logistics to some extent. Most of its coffee sourcing comes from Brazil and Southeast Asia, while key markets are spread across North America, Europe, CIS countries and Asia. On product mix, management indicated that freeze-dried coffee capacity is already running at relatively high utilisation levels, limiting the scope for a sharp increase in its contribution. The domestic small-pack business is expected to continue supporting profitability. The company does not expect a meaningful change in EBITDA per kilogram from the product mix, though factors such as logistics costs and changes in spray-dried volumes could have some impact.
As reported by Business Standard, Axis Direct maintains a 'Buy' rating on CCL Products with a target price of ₹1,185 per share. The brokerage expects the company to benefit from the moderation in global coffee prices and improved supply conditions, which should support margin recovery and growth prospects for the instant coffee manufacturer. With capacity utilization at 65% and the company's cost-plus business model providing protection against commodity price volatility, CCL Products appears well-positioned to capitalize on the improving coffee market dynamics while maintaining healthy volume growth guidance.
