CCL Products (India) (CCL) investor relations material

Executive summary

• Achieved Q4 revenue of INR 1,226.39 crores, up 46% year-over-year; full-year consolidated revenue at INR 4,457.80 crores, up 43% year-over-year.

• Q4 net profit at INR 114.53 crores, up 12% year-over-year; full-year consolidated net profit at INR 388.11 crores, up 25% year-over-year.

• Domestic business gross turnover at INR 650 crores, with branded sales of INR 440 crores; strong brand positioning in India.

• Volume growth for the year and quarter at 18%-20%; D2C and online channels contribute 20%-25% of sales.

• Board recommended a final dividend of ₹3.00 per share, in addition to an interim dividend of ₹2.75 per share for FY26.

Financial highlights

• Q4 EBITDA at INR 193.76 crores, up 16% year-over-year; full-year EBITDA at INR 741.38 crores, up 32%.

• Q4 profit before tax at INR 123.1 crores, up 16%; full-year profit before tax at INR 460.74 crores, up 31%.

• Net debt reduced to INR 1,073 crores as of March 31, a reduction of over INR 750 crores year-over-year.

• Debt to equity improved to 0.5 from 0.92; net debt to EBITDA at 1.45x, down from 3.1x.

• Standalone and consolidated EPS for FY26 improved significantly year-over-year.

Outlook and guidance

• Guidance for FY 2027: 15% volume growth and 15% EBITDA growth.

• Branded business expected to maintain 25% volume growth; value growth to align with volume as coffee prices stabilize.

• No major CapEx planned for next two years; maintenance CapEx of INR 25-35 crores annually.

• Capacity utilization expected to rise from 65% to 72%-73% in FY 2027, and up to 80%-85% by FY 2028.

• Board continues to monitor regulatory changes, especially labor codes, for future impact.