CCL Products (India) Ltd

AGM Details

• 65th AGM scheduled for 08 Sep 2026 at 10:00 IST via VC/OAVM
• Deemed venue: Registered Office; record date for final dividend: 01 Sep 2026
• Remote e-voting: 05 Sep 2026 to 07 Sep 2026; voting at AGM

Key Resolutions

• Ordinary: adopt standalone financial statements for FY2025-26
• Ordinary: adopt consolidated financial statements for FY2025-26
• Ordinary: declare final dividend of ₹3 per equity share
• Ordinary: re-appoint Smt. Challa Shantha Prasad (retiring by rotation)
• Ordinary: re-appoint Sri B. Mohan Krishna (retiring by rotation)
• Special: ratify remuneration to Cost Auditors for FY2026-27 at ₹3.50 Lakh

Dividend Details

• Interim dividend of ₹2.75 per equity share already paid
• Final dividend proposed at ₹3 per equity share; total ₹5.75 per equity share for FY2025-26
• Record date for final dividend: 01 Sep 2026; payout subject to tax (TDS)

Director Changes

• Retirement by rotation: Smt. Challa Shantha Prasad; proposed re-appointment
• Retirement by rotation: Sri B. Mohan Krishna; proposed re-appointment

Auditor Appointments

• Special Resolution: Cost Auditor remuneration for FY2026-27 ratified at ₹3.50 Lakh, excluding taxes
• Remuneration payable as per cost audit rules; inclusive of out-of-pocket expenses

Material Related Party Transactions

• Annexure VI discloses arm's-length related party transactions with subsidiaries and associates

Other Material Approvals & Governance

• ESOP 2022: 5,00,000 options pool; 6,000 options granted in FY2025-26; 1,64,642 outstanding
• Dividend Distribution Policy framed; accessible on company website
• CSR: total spend ₹384.69 Lakh; ₹68.39 Lakh excess available for set-off

Voting Results (If Available)

• Voting results not disclosed in filing

Overview

• Core activity: manufacturing coffee and coffee-related products; BRSR reporting on a standalone basis.
• Operations span 28 Indian states and 100+ countries; exports account for 72.69% of turnover.
• Main product line represents 99.43% of turnover.
• Independent limited assurance provided by SGS India on BRSR Core indicators.

Key ESG Risks & Opportunities

• Renewable energy share ~80% of total energy consumption; 0.9 MW solar plus 100 kW rooftop.
• 971 tCO2e avoided from Scope 2 via on-site renewables and PPAs.
• 9 MW group captive renewable project planned to strengthen energy security.
• Water efficiency measures: ZLD deployment and rainwater harvesting to reduce external dependence.
• 90% of procurement spend under Responsible Sourcing Policy; 90% inputs sustainably sourced.
• Cybersecurity policy with a dedicated Grievance Officer; 0 data breaches in FY2025-26.

Governance & Policy Highlights

• Corporate Social Responsibility Committee oversees ESG; chaired by Durga Prasad Kode; four members.
• Policies cover nine NGRBC principles; includes anti-bribery, whistleblower, and human rights policies.
• Independent limited assurance on BRSR Core indicators; governance and ethics framework reinforced.
• Code of Conduct governs conflicts of interest; monthly compliance reviews.

Social Responsibility & Workforce

• Total employees 1,344; total workers 2,170; 94% male and 6% female among employees.
• Board female representation 20%; Key Management Personnel female 33.33%.
• Employee well-being: scholarships, housing loans, comprehensive health coverage; GTLI and WC policy.
• LTIFR zero for both employees and workers; 100% OH&S management coverage; 100% training coverage.
• Training: 240 employees and 150 workers trained; 0% compensation-related disputes reported.

Environmental Performance

• Total energy consumption ~15.58 million GJ; renewable energy ~80% of usage; 0.9 MW solar plant.
• Scope 1: 12,227.58 tCO2e; Scope 2: 40,118.88 tCO2e; intensity 0.00000236 tCO2e per INR.
• Water: groundwater 845,592 kl; total withdrawal 847,470 kl; ZLD deployed; 8.44 lakh kl consumption.
• Waste: total 35,989.588 tonnes; 34,324.43 t recovered via recycling/reuse; no end-of-life packaging reclamation.

Stakeholder Engagement & Complaints

• Stakeholders include investors, government, communities, dealers, customers, suppliers, employees, bankers; engagement ongoing.
• Shareholders: 41 complaints filed, 0 pending; Customers: 83 complaints filed, 0 pending; Suppliers: 2 complaints.
• Grievance mechanisms and policies (Stakeholder Engagement Policy; CSR Policy) reviewed and action taken as needed.

Other Notable Metrics

• Certifications include BRC, IFS, Organic, Halal, Kosher, BIS, FDA, Rainforest Alliance, SA8000, SMETA.
• Inputs sustainably sourced: 90% of procurement spend; EPR for plastics with credits purchased.
• No Green Credits generated; SGS provided independent assurance on data reported.

Meeting Details

• Date: 10 August 2026; time not disclosed.
• Type/Mode: Group and one-on-one meetings; in-person in Mumbai.
• Event organizer: Nirmal Bang Institutional Equities' Semi-Annual Investor Conference.
• Key company participant: Company Secretary & Compliance Officer.
• Purpose: Investor interaction; discussions based on publicly available information.
• Note: No UPSI will be shared.

Instruments and ratings

• Fund-based - others: Rs 1,125.80 crore; AA(Stable) long-term.
• Fund-based - Term Loan: Rs 29.20 crore; AA(Stable) long-term.
• Non-fund-based - Others: Rs 45.00 crore; A1+ short-term.
• Total rated: Rs 1,200.00 crore.

Context and disclosures

• Ratings are in addition to India Ratings & Research ratings disclosed Apr 27, 2026.
• Surveillance due within one year; ratings may be revised on new information.
• Ratings are specific to instrument terms; changes in terms/size trigger review.
• Not a buy/sell recommendation per ICRA.

Financial Performance

• Q1 turnover INR1,203.59 crores, up 13.76% YoY.
• Volume growth about 20% in Q1.
• EBITDA grew 21.84% in Q1.
• PBT INR129.02 crores, up 36.98%.
• Net profit INR116.87 crores, up 61.31%.
• Green coffee prices INR3,300–3,800 per kg; volatility persists.
• Domestic gross turnover INR180 crores; branded about INR125 crores.
• FY26 turnover INR4,457 crores, up 43.5%.

Balance Sheet and Cash Flow

• Debt peak INR1,950 cr (Dec-24); down to INR1,268 cr (Mar-26).
• Net debt INR1,073 crores after deleveraging.
• As of 30 Jun 2026, net debt INR963 crores; gross debt INR1,268 crores.
• Working capital days 166; cash flow from operations INR858 crores.

Capex and Projects

• FY27 capex guidance INR25–50 crores; small upgrades.
• No capacity expansion planned for 2–3 years.
• Brownfield capacity additions possible; gestation 9–12 months.
• Inventory: around 3 months of green coffee.

Capacity and Operations

• Aggregate capacity utilization about 65–70%; freeze-dried utilization higher.
• Vietnam utilization similar to India; current capacity 77,000 tonnes.
• Potential to reach 100,000–120,000 tonnes.

Domestic and B2C Momentum

• Domestic market share 6% in South India urban; double-digit in Reliance and DMart.
• Brand business: about 70% cash-and-carry.
• Q1 B2C growth ~26%; FY27 target 25–30%.

Q&A Highlights

• FY27 volume growth guidance reaffirmed at 15%.
• EBITDA per kg around INR135–140; Q1 near INR140.
• Freeze-dried margins 30–40% higher than spray.
• Standalone margins pressured by logistics and packaging; consolidated margins stronger.
• Take rate: retailer margin ~10%; distributor 5–6%.
• Acquisitions: not actively pursuing; selective opportunities possible.

Meeting Details

• Date of conference call: July 28, 2026; time not disclosed.
• Type/Mode: conference call (audio recording); virtual event.
• Event/organiser: CCL Products (India) Limited.
• Purpose: discuss Q1 FY2026–27 results for quarter ended June 30, 2026.
• Key company participant: Company Secretary & Compliance Officer.
• Recording availability: audio recording uploaded on company website.

Record date details

• Purpose: record date for final dividend payment.
• Security: equity shares.
• Record date: 01.09.2026.
• Dividend: Rs 3 per equity share for FY 2025-26.

Record date and dividend

• Record date 01.09.2026 for final dividend of Rs 3 per equity share for FY 2025-26.

Financial results and AGM/dividend actions

• Approved unaudited standalone quarterly results for quarter ended June 30, 2026.
• Approved unaudited consolidated quarterly results for quarter ended June 30, 2026.
• 65th AGM fixed for Sep 8, 2026 at 10:00 AM via video conference.
• Final dividend of Rs 3 per equity share; record date Sep 1, 2026.
• Directors' Report for year ended Mar 31, 2026 approved.
• Notice of AGM and e-voting schedule approved.
• Reg 33 filings for Q1 2026 results and limited review reports approved.

Auditors' reports and regulatory disclosures

• Standalone results reviewed by statutory auditors with unmodified report.
• Consolidated results include four subsidiaries not reviewed; not material to the Group.
• Independent auditor’s review: no material misstatement; some subsidiaries not reviewed.

Standalone results

• Revenue from operations: Rs 57,675.02 Lakhs in Q1 ended June 30, 2026.
• Total income: Rs 58,243.95 Lakhs for the quarter.
• Profit before tax: Rs 3,674.97 Lakhs.
• Tax expense: Rs 1,435.02 Lakhs; net profit: Rs 2,239.95 Lakhs.
• EPS (basic): Rs 1.68; EPS (diluted): Rs 1.68.

Consolidated results

• Consolidated revenue from operations: Rs 120,044.62 Lakhs.
• Consolidated total income: Rs 120,358.90 Lakhs.
• PBT: Rs 12,901.75 Lakhs; net profit after tax: Rs 11,686.72 Lakhs.

Dividend & AGM

• Final dividend: Rs 3 per equity share.
• Record date for dividend: Sep 1, 2026.
• AGM: Sep 8, 2026 via video conference.

Audit & review status

• Standalone results reviewed by statutory auditors; limited review unmodified.
• Consolidated results reviewed; some overseas subsidiaries not reviewed.