CCL Products (India) Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

The investors in CCL Products (India) Limited's (NSE:CCL) will be rubbing their hands together with glee today, after the share price leapt 31% to ₹773 in the week following its yearly results. It looks like a credible result overall - although revenues of ₹31b were in line with what the analysts predicted, CCL Products (India) surprised by delivering a statutory profit of ₹23.26 per share, a notable 11% above expectations. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

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Taking into account the latest results, the current consensus from CCL Products (India)'s nine analysts is for revenues of ₹35.8b in 2026. This would reflect a meaningful 15% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to step up 17% to ₹27.19. In the lead-up to this report, the analysts had been modelling revenues of ₹36.3b and earnings per share (EPS) of ₹27.17 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

Check out our latest analysis for CCL Products (India)

With the analysts reconfirming their revenue and earnings forecasts, it's surprising to see that the price target rose 5.8% to ₹790. It looks as though they previously had some doubts over whether the business would live up to their expectations. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic CCL Products (India) analyst has a price target of ₹1,012 per share, while the most pessimistic values it at ₹678. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. 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 15% growth on an annualised basis. This is compared to a historical growth rate of 23% 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 9.8% annually. Even after the forecast slowdown in growth, it seems obvious that CCL Products (India) is also expected to grow faster than the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. 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..

However, before you get too enthused, we've discovered 2 warning signs for CCL Products (India) (1 shouldn't be ignored!) that you should be aware of.

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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.