Buy CCL Products India, target price Rs 881: LKP Securities

LKP Securities has buy call on CCL Products India with a target price of Rs 881. The current market price of CCL Products India Ltd. is Rs 750.15.

CCL Products India Ltd., incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 10005.91 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-2023.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 774.63 Crore, up 5.99 % from last quarter Total Income of Rs 730.83 Crore and up 18.21 % from last year same quarter Total Income of Rs 655.28 Crore. Company reported net profit after tax of Rs 71.47 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 46.09 per cent stake in the company as of 30-Jun-2024, while FIIs owned 9.76 per cent, DIIs 20.57 per cent.