CCL Products shares surge 15% in best single-day gain since 2021 after Q4 results
Published on 06/05/2025 10:22 AM
CCL Products shares surge 15% in best single-day gain since 2021 after Q4 resultsNo analyst among the 11 who have coverage on CCL Products, have a "sell" rating on it. Eight of them have a "buy" recommendation, while the other three have a "hold" rating.By Mangalam Maloo | Hormaz Fatakia May 6, 2025, 10:22:44 AM IST (Published)2 Min ReadShares of CCL Products Ltd. surged as much as 15% on Tuesday, May 6, in reaction to its March quarter results, which were reported after market hours on Monday. The stock is the top gainer on the Nifty 500 index on Tuesday.
CCL Products reported revenue growth of 15% from the same quarter last year to ₹835.84 crore for the ongoing quarter, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased by 38.2% on a year-on-year basis to ₹163.28 crore.
The company's EBITDA margin expanded by over 300 basis points to 19.5% from 16.3% during the year-ago quarter. Net profit for the period also increased by 56% year-on-year to ₹101.86 crore.
In prior interactions, the company had highlighted that it is aiming for volume growth to be between 10% and 20% in financial year 2025.
No analyst among the 11 who have coverage on CCL Products, have a "sell" rating on it. Eight of them have a "buy" recommendation, while the other three have a "hold" rating.
The consensus estimate of analysts implies a potential upside of 15.5% for the stock from current levels.
Shares of CCL Products are trading 14.5% higher on Tuesday at ₹678.75. With this, the stock has extended its gains over the last one month to 22%, and has recovered significantly from its 52-week low of ₹525.
CCL Product's intraday gain of 15.91% is the biggest single-day gain that the stock has seen since July 2021. The surge seen by the stock on Tuesday, has added ₹1,000 crore to the company's market capitalisation. The producer and distributor of granulated and powdered coffee, now has a market capitalisation of ₹9,000 crore.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsCCL Productsshare market today