# CCL Products (India) (CCL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/ccl

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹970
- Change: +0.50%
- As of: 2026-11-06
- 1D return: +0.50%
- 5D return: +4.08%
- 1M return: -7.67%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

CCL exhibits a sharp divergence between its monthly and shorter-term technical structures. On the monthly horizon, the stock remains in a strong bullish trend (ADX 67.9), trading above all key moving averages and the Supertrend. However, the daily and weekly charts show a clear bearish shift: price is below all major moving averages (EMA/SMA 20/50/200) and the Supertrend, with established downward momentum (Daily ADX 25.12). The current price of ₹965.2 sits in the lower-middle of its recent ranges (30–36% from the bottom over 20, 50, and 252 days), reflecting a significant correction from highs (-21.5% drawdown). While an active monthly Inside Bar pattern suggests potential consolidation or a breakout setup on longer timeframes, immediate pressure is downside. Key resistance lies at ₹974.13 (+0.93%) and ₹983.87 (+1.93%), while support is found at ₹956.47 (-0.90%) and ₹946.73 (-1.91%). A daily close above ₹984 would be required to challenge the immediate bearish structure, whereas a break below ₹946 could accelerate losses toward ₹929.

- Timeframe Divergence: Monthly trend is strongly bullish (ADX 67.9, price above indicators), but daily and weekly trends are bearish (price below all MAs and Supertrend).
- Price Positioning: Trading at ₹965.2, located in the lower-middle of its 20-day (+36%), 50-day (+31.6%), and 252-day (+30.0%) ranges.
- Key Levels: Immediate resistance at ₹974.13 (+0.93%) and ₹983.87 (+1.93%); immediate support at ₹956.47 (-0.90%) and ₹946.73 (-1.91%).
- Risk Profile: High volatility (Annualized Vol +36.9%, ATR 3.46%) with a current drawdown of -21.5% against a maximum historical drawdown of -26.6%.

- Inside Bar
- Doji
- Harami
- Outside Bar
- Bullish Engulfing Reversal

### Official Filings

CCL Products (India) Limited reported strong financial performance for Q2 FY2026-27, with consolidated turnover growing 7.8% to ₹1,215.99 crores and net profit rising 29% to ₹130 crores. This growth was driven by double-digit volume expansion. Management confirmed gross debt of ₹1,192 crores as of September 30, 2026, with an average interest rate of approximately 7.25%, staying within the guided range of ₹1,000–1,200 crores for year-end. Capacity utilization stands at ~70% overall, but freeze-dried (FD) capacity is nearing full utilization, potentially requiring a 6,000-ton expansion or strategic partnership within 1–1.5 years. Additionally, the company announced leadership changes: Sridevi Dasari resigned as Company Secretary & Compliance Officer effective November 14, 2026, and Kallepally Bharath Kumar was appointed to the role effective November 15, 2026.

- Q2 FY2026-27 consolidated revenue grew 7.8% YoY to ₹1,215.99 crores, with net profit increasing 29% to ₹130 crores.
- Gross debt remains at ₹1,192 crores (avg. interest rate ~7.25%), consistent with the guided year-end range of ₹1,000–1,200 crores.
- Freeze-dried capacity is nearing full utilization, signaling potential need for a 6,000-ton expansion or partnership within 1–1.5 years.
- Sridevi Dasari resigned as Company Secretary effective Nov 14, 2026; Kallepally Bharath Kumar appointed effective Nov 15, 2026.

- [CCL Products (India) Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CCL_21102026175354_transcriptccl.pdf)
- [CCL Products (India) Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/CCL_ROID_100648_KMP_Doc.zip)
- [CCL PRODUCTS (INDIA) LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2196_WebXMLFile_20261016_154642790.xml)
- [CCL PRODUCTS (INDIA) LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2196_WebXMLFile_20261016_154313691.xml)
- [CCL Products (India) Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/CCL_ROID_100646_KMP_Doc.zip)
- [CCL Products (India) Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CCL_16102026182521_Disclosure_of_Conference_Call_Q2_26-27.pdf)
- [CCL Products (India) Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CCL_15102026203032_CCLBMOUTCOME.pdf)
- [CCL Products (India) Limited has informed the Exchange regarding Outcome of Board Meeting held on October 15, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CCL_15102026203337_CCLBMOUTCOME.pdf)
- [CCL Products (India) Limited has informed the Exchange about Change in Company Secretary/Compliance Officer |SUBJECT: Change in Company Secretary/Compliance Officer](https://nsearchives.nseindia.com/corporate/CCL_15102026205030_Reg30CS.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1739452_15102026102237_WEB.xml)

### Fundamentals

CCL Products (I) demonstrates a strengthening financial profile as of September 2026, characterized by robust earnings growth and significant balance-sheet deleveraging. Revenue expanded to ₹1,215.99 crore in Q2 FY2026-27, with year-on-year sales growth recorded at 7% for the quarter and a strong TTM compounded profit growth of 37%. Net profit rose sequentially from ₹116.88 crore in Q1 to ₹130.11 crore in Q2, supported by a reduction in finance costs from ₹28.67 crore to ₹25.98 crore.

The company’s financial health has improved markedly. Borrowings declined steadily from ₹1,815 crore in March 2025 to ₹1,226 crore in September 2026, while cash from operating activities surged to ₹858 crore in FY2026. This liquidity strength is reflected in a sharp improvement in the Cash Conversion Cycle, which fell from 246 days in March 2025 to 166 days in March 2026, driven primarily by a reduction in inventory days from 208 to 131 days. Return on Capital Employed (ROCE) also improved to 16% in March 2026. Total assets grew to ₹4,481.59 crore, while total liabilities decreased to ₹1,818.28 crore, indicating a more conservative capital structure.

- Earnings Momentum: Q2 FY2026-27 net profit increased to ₹130.11 crore (up from ₹116.88 crore in Q1), with TTM profit growth at 37% and EPS rising to ₹9.77 per share.
- Deleveraging Trend: Borrowings fell to ₹1,226 crore in Sep 2026 from ₹1,815 crore in Mar 2025, coinciding with a surge in operating cash flow to ₹858 crore in FY2026.
- Working Capital Efficiency: The Cash Conversion Cycle improved significantly to 166 days (Mar 2026) from 246 days (Mar 2025), driven by lower inventory holding periods.
- Next Checkpoint: Monitor Q3 FY2026-27 revenue growth sustainability and whether expense control continues to support margin expansion amid potential tax rate changes.

### Bear Case

CCL Products (I) faces near-term technical headwinds and elevated volatility, as evidenced by bearish momentum signals on daily and weekly timeframes. The stock has declined 18.0% over the past six months and is currently trading 21.5% below its recent peak, with a maximum historical drawdown of 26.6%. Technical indicators show negative slope trends for both the 20-day and 50-day simple moving averages, while the Average Directional Index (ADX) of 25.12 suggests moderate trend strength in a downward direction. Although the monthly timeframe remains bullish, the divergence between short-term weakness and longer-term structure highlights a period of consolidation or correction. Investors should monitor the ₹956.47 pivot support level; a break below this threshold could expose further downside toward ₹946.73.

- Short-term momentum is bearish: Daily and weekly super-trends are down, with negative slopes on key moving averages.
- Significant recent underperformance: The stock is down 18.0% over six months and -15.3% over three months.
- Elevated volatility and drawdown risk: Current drawdown stands at -21.5% against a max drawdown of -26.6%, with annualized volatility at +36.9%.
- Critical support watch: Immediate support lies at ₹956.47 (pivot), with secondary support at ₹946.73.

- [Diwali Muhurat Trading: HDFC AMC, BEL, SBI, VAML among Monarch's picks; 8th Pay Commission, BSFI key Samvat 2083 themes](https://www.livemint.com/market/stock-market-news/diwali-muhurat-trading-hdfc-amc-bel-sbi-vedant-aluminium-monarch-stock-picks-8th-pay-commission-bsfi-samvat-2083-11793872391839.html)
- [CCL Products (India) Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CCL_21102026175354_transcriptccl.pdf)
- [CCL Products (India) Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/CCL_ROID_100648_KMP_Doc.zip)
- [CCL PRODUCTS (INDIA) LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2196_WebXMLFile_20261016_154642790.xml)
- [CCL PRODUCTS (INDIA) LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2196_WebXMLFile_20261016_154313691.xml)
- [CCL Products (India) Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/CCL_ROID_100646_KMP_Doc.zip)
- [CCL Products (India) Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CCL_16102026182521_Disclosure_of_Conference_Call_Q2_26-27.pdf)
- [CCL Products (India) Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CCL_15102026203032_CCLBMOUTCOME.pdf)
- [CCL Products (India) Limited has informed the Exchange regarding Outcome of Board Meeting held on October 15, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CCL_15102026203337_CCLBMOUTCOME.pdf)
- [CCL Products (India) Limited has informed the Exchange about Change in Company Secretary/Compliance Officer |SUBJECT: Change in Company Secretary/Compliance Officer](https://nsearchives.nseindia.com/corporate/CCL_15102026205030_Reg30CS.pdf)

### FAQs

**What were CCL Products' financial results for Q2 FY2026-27, and how did profitability compare to revenue growth?**

For the quarter ended September 30, 2026, CCL Products reported a turnover of ₹1,215.99 crores, reflecting 7.8% value growth driven by double-digit volume increases. Net profit rose more sharply to ₹130 crores, a 29% increase, indicating improved margin efficiency relative to top-line expansion during this period.

**What is the company's current debt position and capacity outlook?**

As of September 30, 2026, gross debt stood at ₹1,192 crores with an average interest rate of approximately 7.25%. Management maintains guidance for year-end gross debt between ₹1,000–1,200 crores. Overall capacity utilization is ~70%, but freeze-dried (FD) capacity is nearing full utilization, potentially requiring a 6,000-ton expansion or strategic partnership within 1–1.5 years.

**How has the stock performed technically over different timeframes as of November 5, 2026?**

On the daily timeframe, the stock closed at ₹965.20 with a bearish Supertrend signal and negative slopes for EMA-20 and SMA-20/50. However, the monthly trend remains bullish with a high ADX of 67.9. The stock is currently in a -21.5% drawdown from its peak, with resistance near ₹974 and support at ₹956.

**What recent corporate governance changes occurred in October 2026?**

Between October 16 and October 21, 2026, CCL Products filed multiple announcements regarding changes in Directors/KMP/SMP/Auditor/RTA and resignations of Directors/KMP/SMP. On October 21, the company also released the transcript of its Q2 earnings conference call to the NSE and BSE.

- [Diwali Muhurat Trading: HDFC AMC, BEL, SBI, VAML among Monarch's picks; 8th Pay Commission, BSFI key Samvat 2083 themes](https://www.livemint.com/market/stock-market-news/diwali-muhurat-trading-hdfc-amc-bel-sbi-vedant-aluminium-monarch-stock-picks-8th-pay-commission-bsfi-samvat-2083-11793872391839.html)
- [CCL Products (India) Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CCL_21102026175354_transcriptccl.pdf)
- [CCL Products (India) Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/CCL_ROID_100648_KMP_Doc.zip)
- [CCL PRODUCTS (INDIA) LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2196_WebXMLFile_20261016_154642790.xml)
- [CCL PRODUCTS (INDIA) LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2196_WebXMLFile_20261016_154313691.xml)
- [CCL Products (India) Limited has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/CCL_ROID_100646_KMP_Doc.zip)
- [CCL Products (India) Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/CCL_16102026182521_Disclosure_of_Conference_Call_Q2_26-27.pdf)
- [CCL Products (India) Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CCL_15102026203032_CCLBMOUTCOME.pdf)
- [CCL Products (India) Limited has informed the Exchange regarding Outcome of Board Meeting held on October 15, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/CCL_15102026203337_CCLBMOUTCOME.pdf)
- [CCL Products (India) Limited has informed the Exchange about Change in Company Secretary/Compliance Officer |SUBJECT: Change in Company Secretary/Compliance Officer](https://nsearchives.nseindia.com/corporate/CCL_15102026205030_Reg30CS.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹970.07
- Risk regime: Price Risk Requires Attention

### Support levels
- 904.5
- 885.7
- 868.275

### Resistance levels
- 991.45
- 1043.55625
- 1070.7125

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.50% |
| return_10 | +6.89% |
| return_1m | -8.05% |
| return_1y | -0.32% |
| return_20 | -7.67% |
| return_3m | -14.25% |
| return_5 | +4.08% |
| return_6m | -17.68% |
| return_since_start | +33.00% |
| return_ytd | +6.55% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -26.55% |
| annualized_volatility | +36.88% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# CCL Products Q2 FY2026-27 Results: Profit Growth Outpaces Revenue

CCL Products (India) Limited reported consolidated revenue from operations of ₹1,210.76 crore for the quarter ended 30 September 2026, up 0.9% sequentially and 7.5% from the September 2025 quarter. Profit before tax rose 16.9% sequentially to ₹150.86 crore, while profit for the period attributable to owners was ₹130.09 crore, up 11.3% sequentially and 29.0% year on year. The quarter’s main feature was stronger profit growth than revenue growth, alongside lower finance costs and a sequential decline in total expenses.

## Revenue held near the previous quarter

Revenue from operations was ₹1,210.76 crore, compared with ₹1,200.45 crore in the June quarter and ₹1,126.73 crore in the September 2025 quarter. Total income, including other income of ₹5.23 crore, was ₹1,215.99 crore, up 1.0% sequentially and 7.8% year on year. The sequential increase was modest, while the year-on-year comparison shows measured top-line growth.

## Lower total expenses and finance costs supported profit

Total expenses were ₹1,065.13 crore, down 0.9% from the June quarter and up 6.4% from the September 2025 quarter. Cost of materials consumed was ₹770.75 crore; employee benefit expense was ₹50.43 crore, depreciation was ₹40.47 crore and other expenses were ₹196.71 crore. Other expenses rose 11.4% sequentially and 35.9% year on year, making them a notable cost increase.

Finance costs declined to ₹25.98 crore from ₹28.67 crore in the June quarter and ₹32.63 crore in the September 2025 quarter. The lower finance-cost charge, together with the sequential reduction in total expenses, accompanied the increase in pre-tax profit.

## Earnings per share increased; tax expense also rose

Profit before tax was ₹150.86 crore, up 16.9% sequentially and 18.7% year on year from ₹127.09 crore. Profit for the period from continuing operations was ₹130.09 crore, compared with ₹116.87 crore in the June quarter and ₹100.86 crore a year earlier. Basic earnings per share were ₹9.77, versus ₹8.77 sequentially and ₹7.57 in the September 2025 quarter; diluted earnings per share were ₹9.75.

Tax expense increased to ₹20.77 crore from ₹12.15 crore in the June quarter. Despite the higher charge, profit after tax grew sequentially and year on year.

## Other comprehensive income lifted total comprehensive income

Other comprehensive income was ₹82.65 crore, compared with ₹25.78 crore in the June quarter and ₹4.09 crore in the September 2025 quarter. Total comprehensive income was ₹212.76 crore, up 49.1% sequentially and 102.7% year on year. The increase in comprehensive income was substantially larger than the increase in profit for the period, reflecting the contribution from other comprehensive income.

## Balance sheet: cash increased and current borrowings declined

At 30 September 2026, total assets were ₹4,481.59 crore and equity attributable to owners was ₹2,663.31 crore. Total liabilities were ₹1,818.28 crore, down from ₹1,981.74 crore at 30 June. Cash and cash equivalents rose to ₹449.63 crore from ₹216.52 crore, while current borrowings fell to ₹800.01 crore from ₹914.02 crore. Non-current borrowings increased to ₹392.19 crore from ₹376.73 crore.

Inventories declined to ₹984.71 crore from ₹1,042.12 crore, and current trade receivables fell to ₹729.03 crore from ₹816.90 crore. Current trade payables decreased to ₹100.25 crore from ₹253.71 crore over the same period.

## Key Takeaway

CCL delivered modest sequential revenue growth but a stronger increase in pre-tax and after-tax profit. Lower finance costs and reduced total expenses versus the June quarter supported the earnings improvement, although other expenses rose sharply year on year and the tax charge increased sequentially. At quarter end, cash was higher and current borrowings were lower; these balance-sheet movements, alongside lower inventory and receivables, are key changes to monitor.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +46.16%
- FII holding: +12.11%
- DII holding: +21.41%
- Mutual fund holding: +18.89%
- Retail holding: +8.98%
- Promoter pledged: +0.00%

### Major reported shareholders

- CHALLA SHANTHA PRASAD — +24.06%
- CHALLA SRISHANT — +10.57%
- CHALLA RAJENDRA PRASAD — +10.02%
- AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS SMALL CAP FUND — +5.39%
- HSBC MUTUAL FUND - HSBC AGGRESSIVE HYBRID FUND — +3.55%
- SBI MNC FUND — +2.27%
- MOTILAL OSWAL NIFTY SMALLCAP 250 INDEX FUND — +2.16%
- HELEANNA GABRIELLE GEORGALIS — +1.33%
- SVADHA INDIA EMERGING OPPORTUNITIES SCHEME — +1.25%
- PARAG PARIKH ELSS TAX SAVER FUND — +1.05%

## Official filings

- 2026-10-21 — Generic Announcement: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CCL_21102026175354_transcriptccl.pdf)
- 2026-10-16 — Management Change: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CCL_ROID_100648_KMP_Doc.zip)
- 2026-10-16 — Generic Announcement: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2196_WebXMLFile_20261016_154642790.xml)
- 2026-10-16 — Generic Announcement: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_2196_WebXMLFile_20261016_154313691.xml)
- 2026-10-16 — Management Change: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CCL_ROID_100646_KMP_Doc.zip)
- 2026-10-16 — Generic Announcement: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CCL_16102026182521_Disclosure_of_Conference_Call_Q2_26-27.pdf)
- 2026-10-15 — Generic Announcement: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CCL_15102026203032_CCLBMOUTCOME.pdf)
- 2026-10-15 — Generic Announcement: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CCL_15102026203337_CCLBMOUTCOME.pdf)
- 2026-10-15 — Generic Announcement: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CCL_15102026205030_Reg30CS.pdf)
- 2026-10-15 — Financial Results Filing: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1739452_15102026102237_WEB.xml)
- 2026-10-15 — Financial Results Filing: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1739451_15102026102230_WEB.xml)
- 2026-10-12 — Generic Announcement: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CCL_12102026125241_concall.pdf)
- 2026-10-09 — Generic Announcement: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CCL_09102026170104_74_5___1_.pdf)
- 2026-10-08 — Board Meeting Notice: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CCL_08102026190213_BMI.pdf)
- 2026-10-08 — Generic Announcement: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2196_WebXMLFile_20261008_190856187.xml)
- 2026-10-08 — Board Meeting Notice: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2196_WebXMLFile_20261008_190856187.xml)
- 2026-10-08 — Shareholding Disclosure: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1734566_08102026071456_WEB.xml)
- 2026-09-28 — Generic Announcement: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CCL_28092026145811_All.pdf)
- 2026-09-28 — Generic Announcement: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CCL_28092026150151_TWC.pdf)
- 2026-09-25 — Generic Announcement: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CCL_25092026160042_2100asheeshSigned.pdf)
- 2026-09-11 — Generic Announcement: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CCL_11092026173617_Allotment_6785.pdf)
- 2026-09-08 — Generic Announcement: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CCL_08092026165137_Proceedings_AGM.pdf)
- 2026-09-08 — Generic Announcement: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CCL_08092026170039_VCLink.pdf)
- 2026-09-08 — Generic Announcement: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/CCL_08092026183301_VRSR.pdf)
- 2026-09-08 — Regulatory Filing: CCL Products (India) Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1722636_08092026064017_WEB.xml)

## News and market events

- 2026-11-05 — Mint: **Diwali Muhurat Trading: HDFC AMC, BEL, SBI, VAML among Monarch's picks; 8th Pay Commission, BSFI key Samvat 2083 themes** — Monarch Networth Capital identifies the 8th Pay Commission and BFSI as key themes for Samvat 2083, citing potential consumption boosts from pay hikes and strong credit growth in banking. The brokerage also released Diwali Muhurat stock picks including Vedanta Aluminium, Carborundum Universal, and CCL Products, assigning 'Buy' ratings with target prices based on expected upside potential. — [Source](https://www.livemint.com/market/stock-market-news/diwali-muhurat-trading-hdfc-amc-bel-sbi-vedant-aluminium-monarch-stock-picks-8th-pay-commission-bsfi-samvat-2083-11793872391839.html)
- 2026-10-19 — Mint: **Earnings-led sell-off drags multibagger CCL Products to 7-month low. Can it fall further? Axis Direct rationale** — CCL Products shares fell to an eight-month low after quarterly results missed estimates, pressured by weak coffee prices and higher costs.  — [Source](https://www.livemint.com/market/stock-market-news/earningsled-sell-off-drags-multibagger-ccl-products-to-7-month-low-can-it-fall-further-axis-direct-rationale-11792400046709.html)
- 2026-10-16 — BUSINESSTODAY: **CCL Products shares fall 9% on Q2 results; brokerages see up to 30% upside** — CCL Products shares, CCL Products share price, CCL Products Q2 results, CCL Products Q2FY27 results, CCL Products target price, Choice Institutional Equities, Nirmal Bang, CCL Products Buy rating, CCL Products EBITDA, CCL Products net profit, coffee prices, branded coffee business, FMCG stocks, CCL Products FY27 guidance — [Source](https://www.businesstoday.in/markets/stocks/story/ccl-products-shares-fall-9-after-q2-results-brokerages-see-up-to-30-upside-562130-2026-10-16)
- 2026-10-16 — CNBC-TV18: **CCL Products shares see biggest single-day fall since 2020 - Know why the stock fell** — CCL Products shares do not have a "sell" recommendation from any of the 12 analysts who have coverage on the stock after its September quarter results. Eight out of those 12 have a "buy" rating, while four have a "hold" rating. — [Source](https://www.cnbctv18.com/market/ccl-products-share-price-q2-result-reaction-falls-most-since-2020-key-reasons-explained-buy-sell-20013371.htm)
- 2026-09-29 — Economic Times: **Carnival raises annual profit forecast as demand grows** — "Our booking trends continued to strengthen throughout the quarter, with volumes meaningfully ahead of last year and far outpacing capacity growth. This momentum underscores the effectiveness of our demand generation efforts and the enduring appeal of our cruise lines," CEO Josh Weinstein said. — [Source](https://economictimes.indiatimes.com/markets/us-stocks/news/carnival-raises-annual-profit-forecast-as-demand-grows/articleshow/134568896.cms)
- 2026-09-11 — BUSINESSTODAY: **Consumer stocks: Systematix stays cautious on ITC shares; prefers Marico, Bikaji Foods, Dodla Dairy** — ITC, ITC shares, Systematix Institutional Equities, consumer stocks, consumer staples, cigarette volumes, cigarette demand, Marico, Bikaji Foods International, Dodla Dairy, Dabur India, Godrej Consumer Products, Hindustan Foods, Patanjali Foods, Britannia Industries, CCL Products, Colgate-Palmolive India, Hindustan Unilever, Nestle India, Prataap Snacks, Tata Consumer Products, ITC target price, Marico target price, Bikaji Foods target price, Dodla Dairy target price — [Source](https://www.businesstoday.in/markets/stocks/story/consumer-stocks-systematix-stays-cautious-on-itc-shares-prefers-marico-bikaji-foods-dodla-dairy-554875-2026-09-11)
- 2026-09-09 — Mint: **Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today —9 September 2026** — Breakout stocks to buy or sell: Sumeet Bagadia recommends five breakout stocks to buy today — Hindustan Copper, Arvind, CCL Products (India), HBL Engineering, and LIC Housing Finance. — [Source](https://www.livemint.com/market/stock-market-news/breakout-stocks-to-buy-or-sell-sumeet-bagadia-recommends-five-shares-to-buy-today-9-september-2026-11788915118182.html)
- 2026-09-02 — Mint: **Up to 40% returns? Looking for top stock picks for Sept 2026? Axis Securities shares list of 15 | Upside, target price** — Axis Securities presents a curated list of 15 stocks with potential returns of up to 40%. Discover which sectors and stocks are poised for growth amidst geopolitical tensions and economic shifts. — [Source](https://www.livemint.com/market/stock-market-news/up-to-40-returns-looking-for-top-stock-picks-for-sept-2026-axis-securities-shares-list-of-15-upside-target-price-11788324428926.html)
- 2026-08-17 — Mint: **Up over 110% in one year: Axis Direct sees another 10% upside in this multibagger stock** — Axis Direct forecasts continued growth for CCL Products, setting a target price of  ₹1,245, citing strong Q1 performance, a solid balance sheet, and stable coffee prices. The stock shows significant gains, with a 550% increase since May 2020, supported by robust demand. — [Source](https://www.livemint.com/market/stock-market-news/up-over-110-in-one-year-axis-direct-sees-another-10-upside-in-this-multibagger-stock-11786974383658.html)
- 2026-08-13 — Times of India: **US stock market today: Wall Street moves towards all-time high as inflation moderates and oil prices drop** — International Business News: US stock market today: Wall Street benchmarks moved closer to record territory on Thursday after fresh data suggested inflationary pressures continued. — [Source](https://timesofindia.indiatimes.com/business/international-business/us-stock-market-today-august-13-2026-wall-street-down-jones-industrial-average-sp-500-nasdaq-composite-us-iran-war-crude-oil-prices/articleshow/133217341.cms)
- 2026-07-28 — CNBC-TV18: **CCL Products Q1 profit spikes 61% as higher revenue and improved margins drive growth** — Shares of CCL Products (India) Ltd ended at ₹1,171.00, down by ₹11.55, or 0.98%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/ccl-products-share-price-q1-profit-spikes-61-as-higher-revenue-and-improved-margins-drive-growth-19955021.htm)
- 2026-07-21 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty IT index under pressure; LTM, TCS top losers** — Sensex Today | Stock Market LIVE Updates: The markets are moving with extreme caution, and the Nifty is trading around 24,250 with limited movement. The Nifty Bank is also relatively flat with a positive bias and has touched the 58,000 mark. Tech Mahindra, IndiGo and Ultratech are the top gainers. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-expiry-today-hdfc-bank-bajaj-auto-paytm-ather-midcaps-share-price-liveblog-19950047.htm)
- 2026-07-16 — Times of India: **Pricing, not volume, drives India Inc in Q1; revenue estimated to grow 11-11.5% despite supply disruptions: Crisil** — India Business News: India's corporate earnings season for the April-June quarter, underway since last week, gathers pace through July, with Reliance Industries reporting . — [Source](https://timesofindia.indiatimes.com/business/india-business/pricing-not-volume-drives-india-inc-in-q1-revenue-estimated-to-grow-11-11-5-despite-supply-disruptions-crisil/articleshow/132447972.cms)

## Business profile

**Strategic vision:** Global coffee producer and private label manufacturer.

### Business segments
- **Coffee Manufacturing:** The company sources, processes, and manufactures various forms of coffee, including spray-dried, freeze-dried, roast & ground, and roasted coffee beans.

### Competitive strengths
- Global presence in over 110 countries
- Private label manufacturing expertise
- Own brand development and market presence
- Specialized manufacturing capabilities for freeze-dried coffee

## Related stocks

- [Allied Blenders and Distillers Limited (FMCG)](https://faxioms.com/stocks/abdl) — +1.42%
- [AWL Agri Business Limited (FMCG)](https://faxioms.com/stocks/awl) — -0.24%
- [Balrampur Chini Mills Limited (FMCG)](https://faxioms.com/stocks/balramchin) — -1.53%
- [Bikaji Foods International Limited (FMCG)](https://faxioms.com/stocks/bikaji) — -3.13%
- [Devyani International Limited (FMCG)](https://faxioms.com/stocks/devyani) — -0.55%

## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/ccl
Markdown representation: https://faxioms.com/stocks/ccl?render=md