CCL PRODUCTS (INDIA) LTD
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BSE Code:
519600
NSE Code:
CCL
Business Profile
Business Profile
CCL Products India (CCLPR), formerly Continental Coffee, is a leading manufacturer and exporter of coffee. The company was incorporated in 1961 and got its current name in 1993. The chairman and managing director of the company is C. Rajendra Prasad.
The company has its manufacturing facility in Guntur district, Andhra Pradesh with a processing capacity of 1,500 tons. It has specialized in spray-dried/agglomerated instant coffee, freeze dried coffee and high quality freeze concentrated liquid coffee. The instant coffee, its main product, is sold in under different brands like Mysore Supreme, Continental Speciale and Supreme Instant. Bulk coffee is also sold under specific brands in overseas markets. The company has a joint venture agreement with Jyothy Laboratories for its brand Continental Speciale.
The company has a 74.9% stake in Associated Coffee Merchants (International), UK that sources coffee for its clients and consultations of coffee trades etc. The company also has a technology tie-up with Niro of Denmark and Strategic Soluble Services of UK, world leaders in coffee technology. The DTA sales of the company are mostly institutional to clients like Border Security Force (BSF), Indian Railway Catering and Tourism Corporation (IRCTC) etc. The company has also entered into the pre-mix manufacturing segment.
The company is expanding its capacity, including a coffee facility in Uganda and increasing the spray-dried capacity by 1,000 tons a year over the next three years taking its capacity to 10,000 tons at a cost of Rs 250 million. The company exports (95% of revenues) most of its produce to North America, Europe, Far East, Australia, Russia and other CIS countries.
The registered office of the company is at Duggirala Mandal, Guntur-522330, Andhra Pradesh.
Financials
CCL Products India registered a steep drop of 52.23% in net profit of Rs 43.4 million for the quarter ended June 2007 from a profit of Rs 90.86 million for the quarter ended June 2006.
Net sales rose 23.49% to Rs 382.02 million for the quarter ended June 2007 from Rs 309.35 million for the quarter ended June 2006.
Total income rose 25.63% to Rs 389.85 million for the quarter ended June 2007 from Rs 310.32 million for the quarter ended June 2006.
The earnings per share (EPS) of the company stood at Rs 3.26 for the quarter ended June 2007.