CCL Products Q2FY19 profit jumps by 41 per cent

CCL Products reported its results for the quarter ended September 30, 2018 on Monday. The company's consolidated revenue for the quarter came in at Rs. 290.76 crore as against Rs. 296.37 crore in the corresponding quarter last year, registering 1.9 per cent yoy decline.

The EBITDA for the quarter rose by 32.5 per cent yoy to Rs. 76.27 crore as against Rs. 57.56 crore in the corresponding quarter last year, with a corresponding margin expansion of 681 bps. EBITDA margin for the quarter stood at 26.2 per cent. This margin expansion was aided by 21.9 per cent yoy decline in the cost of materials.

The PAT for the quarter came in at Rs. 47.18 crore as against Rs. 33.43 crore in the corresponding quarter last year, yoy increase of 41 per cent.

CCL Products is a manufacturer of instant coffee and operates in the Coffee and Coffee-related products segment.

On Monday, the stock opened at Rs. 244.40 per share and made an intraday high of Rs. 255.30 with the announcement of the positive numbers.