CCL / Q2-FY26 / claim-ledger

Audit the questions that mattered.

CCL Products (India) · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ2-FY26 · 2025-11-15Back to quarter ↗

Questions audited

12

Answered directly

88%

Numeric claims

3

Consistency

contradicted

Question ledger

What was answered, and how?

Shroy · Nama

evasive

Coffee crop indication and pricing outlook for next 3 months.

there has been conflicting reports ... it's become very very difficult to predict ... no other way but to wait till December to see how the crop flows happen and where does the price settle in.

Shroy · Nama

direct

Branded coffee market share performance in e-commerce and modern trade.

we almost growing at you know 40 to 50% at least in the first half ... we are gaining market shares ... in e-commerce modern trade we are double digit market shares

Siddhan Mantri · Invest Investments

partial

Working capital changes: sustainable or one-time due to prices?

we are pushing for early realization ... renegotiating the contracts ... this has led to a drop in the receivables. Inventory has come down because there is better utilization ... we'll retain our guidance of 1350 crores by December and 1200 crores by March.

Siddhan Mantri · Invest Investments

direct

Tariff situation impact and outlook.

India is at high tariff levels. But considering our facilities in India and Vietnam, we were able to divert quite a bit of the US business to Vietnam ... we continue to grow in that market.

Bhavia Sonawala · Samasa Capital

direct

Blended capacity utilization including new capacities.

this quarter was around 65 to 70% because we had good volume growth this quarter. So almost 100% on the previous capacity around 15 20% on the newer ones.

Bhavia Sonawala · Samasa Capital

direct

Volume growth for the quarter and sustainability.

This quarter was 20 plus%. ... the long-term guidance of 10 to 20% volume growth remains intact. We are currently closer to first half around 15%.

Abishek Mur · systematics

direct

EBITDA per kg improvement and indicative range.

last quarter we had mentioned that it was around 120 probably this quarter there is an increase of 10 12 rupees. So that is where it is.

Shir Pardesi · Motilos

direct

Customer reaction to price increases and demand sentiment.

last quarter there was a little change in the sentiment because prices had softened ... but very quickly subsequently that whole softening kind of went away ... people are still not willing to accept that this is the real price ... still tentiveness is there

Shir Pardesi · Motilos

direct

Domestic branded revenue and B2B/B2C split.

domestic we did around 310 315 crores of business and out of that branded is 210 in the first half. ... this quarter was out of 210 it was 110 ... last quarter was 100 so it is 110 this quarter.

Nityasha · Kamakia

direct

Vision: coffee company or FMCG company?

We want to be an FMCG company. We want to build more and more brands. That's our long-term vision.

Sadhar Kurohit · Invescue Investment Advisers

direct

Depreciation peak and normalized tax rate.

depreciation is at peak level. ... average it could be around 17%. We so we can take 17% as the average tax rate.

Nihal Sha · Prudent Corporate Advisory Services

direct

Margin profile of B2C segment.

We are at around 5 to 6% AITA level for this B2C setup and we will continue to be at these levels going forward because we want to reinvest.