Buy CCL Products India, target price Rs 525: Centrum Broking

Centrum Broking has buy call on CCL Products India with a target price of Rs 525. The current market price of CCL Products India Ltd. is Rs 494.7.

CCL Products India Ltd., incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 6636.10 Crore) operating in Tea / Coffee sector.

CCL Products India Ltd. key Products/Revenue Segments include Coffee and Other Services for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 509.51 Crore, up 34.27 % from last quarter Total Income of Rs 379.47 Crore and up 56.18 % from last year same quarter Total Income of Rs 326.23 Crore. Company reported net profit after tax of Rs 52.74 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 46.26 per cent stake in the company as of 30-Jun-2022, while FIIs owned 5.8 per cent, DIIs 22.34 per cent.