CCL Products (India) surged 11.62% to Rs 746.10 after the coffee products maker's consolidated net profit increased 21.51% to Rs 73.95 crore on 21.5% rise in net sales to Rs 73,819.77 crore in Q2 FY24 over Q2 FY23.
Profit before tax for the quarter stood at Rs 87.31 crore, up by 25.27% from Rs 69.70 crore posted in same quarter previous year.
Total expenditure rose 20.95% YoY to Rs 651.43 crore in September 2024 quarter, primarily due to higher raw material costs (up 36.83% YoY), higher employee expenses (up 26.4% YoY) and higher finance costs (up 44.93% YoY).
On half-yearly basis, the firms net profit grew 19.62% to Rs 145.42 crore on 19.72% rise in net sales to Rs 1,511.49 crore in H1 FY25 over H1 FY24.
CCL Products is a leading manufacturer and exporter of instant coffee and private label coffee products. It has become the largest exporter of instant coffee worldwide with a global clientele base in over 90 countries.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app