CCL Products Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 04, 2023 at 08:28 am EDT
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CCL Products (India) Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 6,075.67 million compared to INR 5,065.58 million a year ago. Revenue was INR 6,082.98 million compared to INR 5,068.32 million a year ago. Net income was INR 608.59 million compared to INR 577.88 million a year ago. Basic earnings per share from continuing operations was INR 4.57 compared to INR 4.34 a year ago. Diluted earnings per share from continuing operations was INR 4.57 compared to INR 4.34 a year ago.
For the six months, sales was INR 12,625.02 million compared to INR 10,158.35 million a year ago. Revenue was INR 12,635.77 million compared to INR 10,163.37 million a year ago. Net income was INR 1,215.7 million compared to INR 1,105.28 million a year ago. Basic earnings per share from continuing operations was INR 9.14 compared to INR 8.31 a year ago. Diluted earnings per share from continuing operations was INR 9.14 compared to INR 8.31 a year ago.
CCL Products (India) Limited is an India-based company, which is engaged in the production, trading and distribution of coffee. The Company offers its coffee in various forms, including roasted, blended, and processed. Its Arabica and Robusta green coffee are hand-picked from different parts of the world. Its range of offerings includes instant coffee, roast and ground coffee, premix coffee and flavored Coffee. Its products include Spray Dried Coffee Powder, Spray-Dried Agglomerated Coffee, Freeze Dried Coffee, Freeze Concentrated Liquid Coffee, Roast & Ground Coffee, Roasted Coffee Beans and Premix Coffee. The Company has business operations mainly in India, Vietnam and Switzerland. Its subsidiaries include Continental Coffee Private Limited, Jayanti Pte. Limited (Singapore), Continental Coffee SA (Switzerland) and Ngon Coffee Company Limited (Vietnam).