CCL Products (India) BSE:519600 Stock Report

Price target increased to ₹535

Up from ₹496, the current price target is an average from 6 analysts. New target price is 22% above last closing price of ₹440. Stock is up 7.7% over the past year. The company is forecast to post earnings per share of ₹19.38 for next year compared to ₹15.36 last year.

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

First quarter 2023 results: EPS: ₹3.96 (up from ₹3.30 in 1Q 2022). Revenue: ₹5.10b (up 56% from 1Q 2022). Net income: ₹527.4m (up 20% from 1Q 2022). Profit margin: 10% (down from 13% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 28%. Earnings per share (EPS) missed analyst estimates by 9.0%. Over the next year, revenue is forecast to grow 17%, compared to a 12% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.

CCL Products (India) Limited Announces Final Dividend

CCL Products (India) Limited to Report Q1, 2023 Results on Aug 05, 2022

CCL Products (India) Limited announced that they will report Q1, 2023 results on Aug 05, 2022

Continental Coffee Launches Its Plant-Based Brand `Continental Greenbird' in India

Continental Coffee launched its plant-based brand `Continental Greenbird' in India. Continental Greenbird enables its consumers to make choices which are sustainable to the globe without losing the taste of meat. The concept of plant-based meat is drawn from the growing awareness among consumers about sustainability. Additionally, the climate impact on food choices and animal welfare are some of the key reasons behind the development of plant-based meat alternatives. Plant-based meat is also healthier than regular meats as they are free from cholesterol and trans fat and is non-GMO (genetically modified organism). With this launch, CCL plans to tap into the growing consumer set who are looking for sustainable products while bridging the gap between meat cravings and guilt-free habits. With Continental Greenbird, CCL will initially offer four plant-based meat varieties: Chicken-like nuggets, Chicken-like seekh kebab, Chicken-like sausage, and Mutton-like keema. All their products are made from plant-based protein which are derived from Green pea, Chickpea, and in the case of Keema from soya. This is done to create a real meat-like taste, texture and maintain excellent flavor. With Continental Greenbird, CCL will now bring to consumers the same taste, feel, and texture of meat but without any cruelty to animals. These protein-rich plant-based products are perfect for non-vegetarian consumers who want to make healthier dietary choices without giving up the taste and texture of meat. It also makes for a great offering for vegetarians who are exploring options to increase their protein and fiber intake. These products also fit in well with those consumers whose meat consumptions is restricted by religious reasons, giving them now a whole new opportunity of guilt free snacking without any compromising on taste.