CCL Products Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 05, 2024 at 08:58 am EST
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CCL Products (India) Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 6,644.82 million compared to INR 5,352.99 million a year ago. Revenue was INR 6,656.13 million compared to INR 5,356.48 million a year ago. Net income was INR 632.85 million compared to INR 730.6 million a year ago. Basic earnings per share from continuing operations was INR 4.76 compared to INR 5.49 a year ago. Diluted earnings per share from continuing operations was INR 4.75 compared to INR 5.49 a year ago.
For the nine months, sales was INR 19,269.84 million compared to INR 15,511.34 million a year ago. Revenue was INR 19,291.9 million compared to INR 15,519.85 million a year ago. Net income was INR 1,848.55 million compared to INR 1,835.88 million a year ago. Basic earnings per share from continuing operations was INR 13.9 compared to INR 13.8 a year ago. Diluted earnings per share from continuing operations was INR 13.87 compared to INR 13.8 a year ago.
CCL Products (India) Limited is an India-based company, which is engaged in the production, trading and distribution of coffee. The Company offers its coffee in various forms, including roasted, blended, and processed. Its Arabica and Robusta green coffee are hand-picked from different parts of the world. Its range of offerings includes instant coffee, roast and ground coffee, premix coffee and flavored Coffee. Its products include Spray Dried Coffee Powder, Spray-Dried Agglomerated Coffee, Freeze Dried Coffee, Freeze Concentrated Liquid Coffee, Roast & Ground Coffee, Roasted Coffee Beans and Premix Coffee. The Company has business operations mainly in India, Vietnam and Switzerland. Its subsidiaries include Continental Coffee Private Limited, Jayanti Pte. Limited (Singapore), Continental Coffee SA (Switzerland) and Ngon Coffee Company Limited (Vietnam).