Analysts Are Betting On CCL Products (India) Limited (NSE:CCL) With A Big Upgrade This Week

CCL Products (India) Limited (NSE:CCL) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The analysts have sharply increased their revenue numbers, with a view that CCL Products (India) will make substantially more sales than they'd previously expected. Investors have been pretty optimistic on CCL Products (India) too, with the stock up 17% to ₹1,025 over the past week. It will be interesting to see if today's upgrade is enough to propel the stock even higher.

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After this upgrade, CCL Products (India)'s nine analysts are now forecasting revenues of ₹41b in 2026. This would be a decent 8.1% improvement in sales compared to the last 12 months. Per-share earnings are expected to accumulate 9.4% to ₹27.70. Previously, the analysts had been modelling revenues of ₹37b and earnings per share (EPS) of ₹26.57 in 2026. The forecasts seem more optimistic now, with a solid increase in revenue and a slight bump in earnings per share estimates.

See our latest analysis for CCL Products (India)

It will come as no surprise to learn that the analysts have increased their price target for CCL Products (India) 8.9% to ₹1,037 on the back of these upgrades.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the CCL Products (India)'s past performance and to peers in the same industry. It's pretty clear that there is an expectation that CCL Products (India)'s revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 17% growth on an annualised basis. This is compared to a historical growth rate of 24% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 9.9% annually. So it's pretty clear that, while CCL Products (India)'s revenue growth is expected to slow, it's still expected to grow faster than the industry itself.

The Bottom Line

The biggest takeaway for us from these new estimates is that analysts upgraded their earnings per share estimates, with improved earnings power expected for this year. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. There was also a nice increase in the price target, with analysts apparently feeling that the intrinsic value of the business is improving. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at CCL Products (India).

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for CCL Products (India) going out to 2028, and you can see them free on our platform here..

We also provide an overview of the CCL Products (India) Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.