Volume Growth (Q4 FY26)
18-20%
+18-20pp YoY
Volume growth was in the range of 18-20% for the quarter, similar to the full-year trend.
CCLPRODUCTS
Diversified
2026-04-??
CCL Products Ltd — Q4 FY26
CCL Products delivered a strong Q4 FY26 with revenue of ₹1,226 crore (+46% YoY), driven by 18-20% volume growth and higher coffee prices.
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
CCL Products delivered a strong Q4 FY26 with revenue of ₹1,226 crore (+46% YoY), driven by 18-20% volume growth and higher coffee prices. EBITDA grew 16% to ₹194 crore, with margin contraction to 15.8% due to cost-plus pass-through of higher green coffee costs. PAT rose 12% to ₹115 crore. The branded domestic business reached ₹440 crore, with Continental Coffee now the #3 player nationally. Management guided for ~15% volume growth in FY27, with EBITDA growth in line. Net debt reduced sharply by ₹750 crore to ₹873 crore, with debt-to-equity at 0.5x. Key risk: Middle East disruptions could raise logistics costs, though 70% of exports are FOB-based, limiting impact.
Key Numbers
Net Debt
₹873 crore
-₹750 crore YoY
Net debt reduced significantly from ~₹1,623 crore last year, driven by strong cash flows and working capital efficiency.
Debt-to-Equity Ratio
0.5x
-0.42x YoY
Improved from 0.92x a year ago, reflecting a much stronger balance sheet.
Domestic Branded Revenue
₹440 crore
+~30% YoY
Continental Coffee brand revenue grew strongly, with 25-30% volume growth and 15-20% value growth.
Management Guidance
Volume growth of ~15% in FY27
Management guided for volume growth of around 15% for the next financial year, with EBITDA growth expected to be in the same range.
Management guidance growthEBITDA growth of ~15% in FY27
EBITDA is expected to grow in line with volume growth at approximately 15%, as efficiencies and product mix benefits are already in the base.
Management guidance marginsNo major capex for next two years
No significant capacity expansion capex is planned for FY27 and FY28; only maintenance capex of ₹25-35 crore annually.
Management guidance capexDomestic branded business to grow ~25% volume
The branded business is targeting 25% volume growth going forward, with value growth in line as coffee prices stabilize.
Management guidance growthKey Risks
Middle East crisis impact on logistics costs
Supply disruptions and energy price increases due to the Middle East crisis could raise freight and insurance costs, especially on CIF contracts.
medium · management_commentaryEBITDA per kg moderation from product mix shift
If lower-margin spray-dried coffee or low-margin customers increase proportionally, EBITDA per kg could soften, though management expects to offset via efficiencies.
medium · analyst_questionCoffee price volatility affecting revenue visibility
While cost-plus model protects margins, sharp swings in green coffee prices can distort revenue growth and make comparisons difficult.
low · data_observationNotable Quotes
Our volume growth has been in the range of 18-20% this year and the quarter was also very similar.
We have always guided that our volume and EBITDA growth will be in line. So since we have guided a volume growth of 15%, EBITDA also will grow in line with that.
The net debt as of 31st March is around ₹873 crore, a reduction of more than ₹750 crore from last year.
Frequently Asked Questions
What was CCL Products's revenue in Q4 FY26?
CCL Products reported revenue of ₹1,226 Cr in Q4 FY26, representing a +46% change compared to the same quarter last year.
What guidance did CCL Products management give for FY27?
Volume growth of ~15% in FY27: Management guided for volume growth of around 15% for the next financial year, with EBITDA growth expected to be in the same range. EBITDA growth of ~15% in FY27: EBITDA is expected to grow in line with volume growth at approximately 15%, as efficiencies and product mix benefits are already in the base. No major capex for next two years: No significant capacity expansion capex is planned for FY27 and FY28; only maintenance capex of ₹25-35 crore annually. Domestic branded business to grow ~25% volume: The branded business is targeting 25% volume growth going forward, with value growth in line as coffee prices stabilize.
What are the key risks for CCL Products in FY27?
Key risks include Middle East crisis impact on logistics costs — Supply disruptions and energy price increases due to the Middle East crisis could raise freight and insurance costs, especially on CIF contracts.; EBITDA per kg moderation from product mix shift — If lower-margin spray-dried coffee or low-margin customers increase proportionally, EBITDA per kg could soften, though management expects to offset via efficiencies.; Coffee price volatility affecting revenue visibility — While cost-plus model protects margins, sharp swings in green coffee prices can distort revenue growth and make comparisons difficult..
Did CCL Products meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full CCL Products Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary with filing verification status shown on the financial stats.