CCL Products Reports Robust FY26 Results; Consolidated Revenue Surges to Rs. 4,45,737.34 Lakhs

CCL Products (India) Limited announced its audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026, following a Board of Directors meeting held on May 07, 2026. The meeting commenced at 03:20 P.M. and concluded at 05:00 P.M. The statutory auditors, M/s. Ramanatham & Rao, Chartered Accountants, issued audit reports with unmodified opinions on both the standalone and consolidated financial results. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013, and comply with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consolidated Financial Performance

The consolidated results encompass CCL Products (India) Limited along with its five subsidiaries — CCL Food and Beverages Private Limited, Continental Coffee Private Limited, Ngon Coffee Company Limited (Vietnam), Continental Coffee SA (Switzerland), and Jayanti Pte Limited (Singapore) — and its associate company, Mukkonda Renewables Private Limited. The following table summarises the key consolidated financial metrics:

Metric: Q4 FY26 Q4 FY25 FY26 FY25 Revenue from Operations (Rs. Lakhs): 1,22,444.38 83,584.76 4,45,737.34 3,10,574.99 Total Income (Rs. Lakhs): 1,22,638.98 83,965.37 4,46,580.46 3,11,420.35 Total Expenses (Rs. Lakhs): 1,10,324.85 73,377.08 4,00,510.64 2,76,195.03 EBITDA (Rs.): 1.9B 1.6B — — EBITDA Margin (%): 15.67% 19.53% — — Profit Before Tax (Rs. Lakhs): 12,314.13 10,588.29 46,069.82 35,225.33 Net Profit After Tax (Rs. Lakhs): 11,453.23 10,186.84 38,810.60 31,033.65 Total Comprehensive Income (Rs. Lakhs): 19,688.31 10,639.28 47,568.67 31,091.94 Basic EPS (Rs.): 8.60 7.65 20.15 13.33 Diluted EPS (Rs.): 8.59 7.64 29.10 23.26

On a year-on-year basis, Q4 FY26 consolidated net profit grew to Rs. 11,453.23 lakhs from Rs. 10,186.84 lakhs, while consolidated revenue expanded to Rs. 1,22,444.38 lakhs from Rs. 83,584.76 lakhs. Q4 EBITDA came in at Rs. 1.9B versus Rs. 1.6B in the same period last year, though the EBITDA margin contracted to 15.67% from 19.53% year-on-year. Consolidated cost of materials consumed for FY26 stood at Rs. 2,93,668.36 lakhs, compared to Rs. 1,91,454.32 lakhs in FY25. Employee benefits expense for the year was Rs. 19,281.87 lakhs, while depreciation was Rs. 15,192.65 lakhs and finance costs amounted to Rs. 12,874.99 lakhs.

Standalone Financial Performance

On a standalone basis, CCL Products reported a significant improvement across key financial parameters for FY26. The standalone operations relate to one reportable segment, and hence segmental reporting as per Ind AS 108 is not applicable.

Metric: Q4 FY26 Q4 FY25 FY26 FY25 Revenue from Operations (Rs. Lakhs): 55,776.60 44,789.98 2,21,605.13 1,71,799.71 Total Income (Rs. Lakhs): 65,068.95 45,580.24 2,38,991.59 1,73,190.90 Total Expenses (Rs. Lakhs): 53,769.33 42,605.39 2,04,079.52 1,60,145.58 Profit Before Tax (Rs. Lakhs): 11,299.62 2,974.85 34,912.07 13,045.32 Net Profit (Rs. Lakhs): 10,731.35 3,015.49 28,718.88 9,229.97 Total Comprehensive Income (Rs. Lakhs): 10,707.67 2,966.66 28,695.20 9,181.14 Basic EPS (Rs.): 8.06 2.26 21.56 6.93 Diluted EPS (Rs.): 8.05 2.26 21.54 6.92

Notably, standalone other income for FY26 was Rs. 17,386.46 lakhs, which includes Rs. 16,284.02 lakhs received from the company's wholly owned overseas subsidiary, M/s. Ngon Coffee Company Limited, Vietnam — comprising Rs. 7,042.12 lakhs for the quarter ended September 30, 2025, and Rs. 9,241.90 lakhs for the quarter ended March 31, 2026. Standalone employee benefit expenses for FY26 include Rs. 303.16 lakhs towards the CCL Employee Stock Option Scheme - 2022, accounted for as per Ind AS 102 - Share Based Payments.

Balance Sheet Highlights

The standalone total assets as at March 31, 2026 stood at Rs. 2,56,831.37 lakhs, compared to Rs. 2,36,508.87 lakhs as at March 31, 2025. Total standalone equity increased to Rs. 1,37,707.50 lakhs from Rs. 1,18,848.27 lakhs. On a consolidated basis, total assets as at March 31, 2026 were Rs. 4,32,629.09 lakhs against Rs. 4,24,097.70 lakhs in the prior year, with total consolidated equity rising to Rs. 2,34,455.48 lakhs from Rs. 1,96,722.77 lakhs.

Balance Sheet Metric: Standalone FY26 Standalone FY25 Consolidated FY26 Consolidated FY25 Total Assets (Rs. Lakhs): 2,56,831.37 2,36,508.87 4,32,629.09 4,24,097.70 Total Equity (Rs. Lakhs): 1,37,707.50 1,18,848.27 2,34,455.48 1,96,722.77 Other Equity (Rs. Lakhs): 1,35,036.94 1,16,177.71 2,31,784.92 1,94,052.21 Non-Current Borrowings (Rs. Lakhs): 1,666.67 3,473.96 37,673.14 55,630.48 Current Borrowings (Rs. Lakhs): 57,641.13 82,453.80 91,401.62 1,25,630.36

Cash Flow Summary

The standalone net cash from operating activities for the year ended March 31, 2026 was Rs. 32,436.18 lakhs, compared to Rs. 14,769.50 lakhs in the prior year. Standalone cash and cash equivalents at the end of the year stood at Rs. 1,050.08 lakhs. On a consolidated basis, net cash from operating activities was Rs. 85,828.54 lakhs for FY26 versus Rs. 28,969.07 lakhs in FY25, with consolidated cash and cash equivalents closing at Rs. 21,651.56 lakhs compared to Rs. 9,694.26 lakhs at the start of the year.

Dividend and Other Key Disclosures

The Board of Directors has recommended a final dividend of Rs. 3.00 per equity share (150%) of nominal value Rs. 2/- each for the financial year ended March 31, 2026, subject to approval by members at the ensuing Annual General Meeting. Additionally, during FY26, the company declared an interim dividend of Rs. 2.75 per equity share (137.50%) of nominal value of Rs. 2.00 each. The company also recognised an incremental impact on retiral benefits of Rs. 205.03 lakhs for the Group and Rs. 187.24 lakhs for the standalone entity for the year ended March 31, 2026, following the Government of India's notification on November 21, 2025, of four Labour Codes consolidating 29 existing labour laws. The paid-up equity share capital as at March 31, 2026 stood at Rs. 2,670.56 lakhs (face value Rs. 2/- per equity share).

CCL Products (India) Limited's Nomination and Remuneration Committee, at its meeting held on 07th May 2026, approved the grant of 1,61,850 stock options and the vesting of 1,48,473 options under the CCL Employee Stock Option Scheme-2022. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In the same meeting, the committee also approved structural and organisational changes to the company's Senior Management Personnel.

ESOP Grant and Vesting Details

The CCL Employee Stock Option Scheme-2022 is compliant with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The newly granted options carry an exercise price of Rs.2/- per share at face value, and eligible employees may exercise their options within 2 years from the respective date of vesting. Vesting is contingent upon employees achieving earmarked targets for the respective years, as determined by the Nomination and Remuneration Committee.

The following table summarises the key details of the ESOP activity disclosed under Annexure-1:

Parameter: Details Options Granted: 1,61,850 options under CCL Employee Stock Option Scheme-2022 Options Vested: 1,48,473 options under CCL Employee Stock Option Scheme-2022 Options Lapsed/Forfeited: 6,475 options (due to resignation of eligible employees) Exercise Price: Rs.2/- per share (at Face Value) Shares Covered: Equity Shares of Rs.2/- each against 1,61,850 options Exercise Window: Within 2 years from the date of vesting Scheme Compliance: SEBI (SBEB) Regulations, 2021 Vesting Criteria: Upon achieving earmarked targets for respective years

It was also noted that 6,475 options have lapsed or been forfeited following the resignation of eligible employees. Options exercised, money realised by exercise, and total shares arising from exercise were reported as not applicable at this stage.

Revised Senior Management Personnel

In addition to the ESOP-related decisions, the Nomination and Remuneration Committee took note of structural and organisational changes within the company. The committee approved the redefinition and reclassification of Senior Management Personnel in accordance with Regulation 16(1)(d) read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, aligned with the current organisational structure and reporting hierarchy.

The revised list of Senior Management Personnel is as follows:

S. No.: Employee Name Designation 1 Praveen Jaipuriar Chief Executive Officer 2 Chaitanya Agasthyaraju Chief Financial Officer 3 Sridevi Dasari Company Secretary & Compliance Officer 4 Srinivas Atla Chief Human Resources Officer 5 Suyash Mehrotra Head – Business Development 6 B. Vaishak Head - Operations

The intimation was signed by Sridevi Dasari, Company Secretary & Compliance Officer, on behalf of CCL Products (India) Limited, and submitted to both the National Stock Exchange of India Limited and BSE Limited as required under the applicable SEBI regulations.

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