CCL Products (India) drops after poor Q4 result

CCL Products (India) lost 3.84% to Rs 260.40 at 11:41 IST on BSE after consolidated net profit fell 24.56% to Rs 35.64 crore on 18.31% fall in net sales to Rs 262.13 crore in Q4 March 2019 over Q4 March 2018.

The result was announced after market hours yesterday, 13 May 2019.

Meanwhile, the S&P BSE Sensex was down 97.36 points, or 0.26% to 36,993.46

On the BSE, 1,555 shares were traded in the counter so far, compared with average daily volumes of 2,005 shares in the past two weeks. The stock had hit a high of Rs 271 and a low of Rs 259.05 so far during the day.

 

CCL Products (India) said that the board of directors of the company has recommended a final dividend of Rs 1.75 per share for the financial year 2018-19.

CCL Products (India) is engaged in the manufacturing of instant coffee. The company operates through the coffee and coffee related products segment.

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