Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Revenue
₹1,226.39 Cr
verified against source
Revenue YoY
46%
reported change
EBITDA
₹193.76 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
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.
Colored figures show movement against the previous available record.
Guidance to track
- Management guided for volume growth of around 15% for the next financial year, with EBITDA growth expected to be in the same range.
- 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 significant capacity expansion capex is planned for FY27 and FY28; only maintenance capex of ₹25-35 crore annually.
- The branded business is targeting 25% volume growth going forward, with value growth in line as coffee prices stabilize.
Risks flagged
- Supply disruptions and energy price increases due to the Middle East crisis could raise freight and insurance costs, especially on CIF contracts.
- If lower-margin spray-dried coffee or low-margin customers increase proportionally, EBITDA per kg could soften, though management expects to offset via efficiencies.
- While cost-plus model protects margins, sharp swings in green coffee prices can distort revenue growth and make comparisons difficult.
Key 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.
Research modules