DSIJ Mindshare

In Q4FY23, the company reported a 147.04 per cent increase in net profit YoY.

The board fixed August 22, 2023 as the record date for payment of the final dividend of Rs 2 per equity share. They also approved the CCL Employees Stock Option Scheme 2022 and decided to establish a green field spray-dried instant coffee manufacturing facility.

The company stands as the exclusive supplier to renowned pump manufacturers worldwide, including KLB, Sundyne, Sulzer, KE, and numerous others.

The stock has witnessed significant buying activity as it has surged more than 54 per cent in the last one year.

According to the quarterly consolidated results, the net sales increased by 18.09 per cent, the operating profit increased by 59.02 per cent and the net profit skyrocketed by 70.46 per cent in Q4FY23 over Q4FY2. According to the annual consolidated results, the net sales increased by 5.42 per cent, the operating profit increased by 16.78 per cent and the net profit skyrocketed by 25.06 per cent in FY23 over FY22.