Shares of CCL Products (India) Limited rose by almost 10% after the company reported strong earnings for the second quarter and half-year ended September 30, 2024. The coffee products company demonstrated substantial growth in both revenue and profitability, reflecting solid demand and operational efficiency.
Key Financial Highlights
- Q2 FY25 Performance:
- Sales: INR 7,381.98 million, up from INR 6,075.67 million in Q2 FY24.
- Revenue: INR 7,387.42 million, an increase from INR 6,082.98 million year-over-year.
- Net Income: INR 739.54 million, compared to INR 608.59 million a year ago.
- Earnings Per Share (EPS): Basic EPS was INR 5.55, up from INR 4.57; diluted EPS was INR 5.54, compared to INR 4.57 in the previous year.
- H1 FY25 Performance:
- Sales: INR 15,114.91 million, a notable increase from INR 12,625.02 million in the same period last year.
- Revenue: INR 15,133.69 million, up from INR 12,635.77 million year-over-year.
- Net Income: INR 1,454.24 million, up from INR 1,215.7 million in H1 FY24.
- Earnings Per Share (EPS): Basic EPS for the six months was INR 10.92, compared to INR 9.14 last year; diluted EPS was INR 10.9, up from INR 9.14.
Market Reaction
As of 9:39 am, CCL Products’ shares were trading 9.28% higher at ₹731.65 on the NSE, reflecting positive investor sentiment following the impressive financial results.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.