CCL Products (India) Ltd. – Instant Coffee Producer
Continental Coffee (CCL Products India Ltd.) is a leading Indian coffee company in the global coffee market successfully operating businesses in Coffee Exports, Private Label Manufacturing, and Continental Coffee branded coffees.
Established in 1994 on a modest scale with just one coffee blend, one factory in Duggirala, Andhra Pradesh, and exporting to one country, CCL has grown to become a leader in the industry globally offering more than 1000 finest quality coffee blends, manufactured across four state-of-the-art facilities (India, Vietnam & Switzerland) to customers across 90 countries.
CCL coffee is customized to suit different palates and cater to the diverse needs of customers worldwide, leading to them becoming manufacturers for top players and private label brands in India and globally.
The company is a pure-play coffee processor and doesn’t own any cultivations. The diversified offerings, Leadership status, in-house packaging, and a strong order book, gives the company a competitive edge. We recommend a BUY rating in the stock with the target price (TP) of Rs.565, 23x FY24E EPS.