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Entry Price

357.00

Target

365.00

Recommend Date

07-03-2017

Return

2.24 %
BUY

Date : 07-03-2017

CCL Products, India’s largest exporter of bulk instant coffee, is set to grow at revenue and earnings CAGR of 12.6% and 16.7% in FY16-19E, respectively, largely driven by its capacity expansion and increasing utilisation levels. At present, CCL has a combined capacity of 30000 tonnes per annum (TPA) from its facilities across India, Vietnam and Switzerland. In addition to the capacity expansion, the strong relationship with clients and focus on strengthening the presence of own brand, Continental, across India are expected to aid its future prospect.