CCL Products surges after strong Q4 outcome

CCL Products (India) jumped 13.04% to Rs 219.25 at 10:55 IST on BSE, after consolidated net profit soared 70.3% to Rs 36.66 crore on 23.1% rise in net sales to Rs 264.02 crore in Q4 March 2016 over Q4 March 2015.

The company announced the results after trading hours yesterday, 2 May 2016.

Meanwhile, the BSE Sensex was up 139.42 points, or 0.55% to 25,576.39

On BSE, so far 1.42 lakh shares were traded in the counter as against an average daily volume of 53,230 shares in the past one quarter. The stock hit a high of Rs 222.85 and a low of Rs 210.80 so far during the day. The stock hit a record high of Rs 253.90 on 18 August 2015. The stock hit a 52-week low of Rs 154 on 26 February 2016. The small-cap stock had underperformed the market over the past one month till 2 May 2016, falling 3.29% compared with 0.66% gains in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 6.3% as against Sensex's 3.66% gains.

The company's equity capital is Rs 26.61 crore. Face value per share is Rs 2.

CCL Products (India)'s consolidated net profit rose 29.9% to Rs 122.12 crore on 7.9% rise in net sales to Rs 921.35 crore in the year ended 31 March 2016 over the year ended 31 March 2015.

CCL Products (India) is a manufacturer and exporter of powdered and granulated coffee. The company exports instant coffee under different international and domestic brand names.

Powered by Capital Market - Live News