Q1 2025 CCL Products (India) Ltd Earnings Call Transcript
Key Points
- CCL Products (India) Ltd (BOM:519600) achieved a turnover of INR773 crores in Q1 FY25, an 18% increase from the previous year's corresponding quarter.
- The company's net profit grew by 18% to INR71.4 crores compared to the previous year.
- EBITDA increased by 23% to INR131.6 crores, and profit before tax (PBT) grew by 25.5% to INR87.18 crores.
- The domestic market showed strong performance with a gross turnover of INR90.5 crores, with branded sales contributing INR65 crores.
- The company is expanding its distribution network and marketing activities, particularly in the UK market, to build its brand presence.
- Depreciation expenses decreased from INR31 crores to INR23 crores due to a revised depreciation policy, which may indicate lower future asset value.
- Gross debt increased from INR1,620 crores in March 2024 to INR1,885 crores, primarily due to higher working capital requirements.
- Despite a 15% to 16% volume growth, the company faces challenges with high coffee prices, which have not yet led to increased inventory levels among clients.
- The company is experiencing volatility in coffee prices, particularly due to mixed crop situations in Brazil and Vietnam, making future price predictions difficult.
- The company's working capital cycle has increased due to longer logistics timelines, adding pressure on interest costs and financial management.
Ladies and gentlemen, good day, and welcome to the CCL Products India Limited Q1 FY 25 conference call hosted by Nirmal Bang Equities. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Abhishek Navalgund from Nirmal Bang Equities. Thank you and over to you, sir.
Thank you, Shlok, and hello, everyone. On behalf of Nirmal Bang Institutional Equities, I welcome all the participants to CCL Products. Again, limited 1Q FY 20 Earnings Conference Call.
The management is represented by Mr. , our loss ratio and Managing Director, Mr. Praveen, the previous year, Mr. B. one Krishna, Executive Director, Mr. V Lakshmi, Narayana, CFO, and Mr. David Parry Company Secretary.
So without further ado, I would like to hand over the call to Praveen, sir, for his opening comments, post which we'll open the floor for Q&A.
Thank you. And over to you, sir.
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