CCL Products (India) Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

CCL Products (India) (NSE:CCL) Third Quarter 2024 Results

Key Financial Results

• Revenue: ₹6.66b (up 24% from 3Q 2023).
• Net income: ₹632.9m (down 13% from 3Q 2023).
• Profit margin: 9.5% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: ₹4.76 (down from ₹5.49 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CCL Products (India) Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 10%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Food industry in India.

Performance of the Indian Food industry.

The company's shares are down 4.1% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with CCL Products (India), and understanding these should be part of your investment process.

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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.