CPCCL Products (India)519600Earnings call transcript

Q2 FY27 call: turnover INR1,215.99 crores, net profit up almost 29%, FY27 guidance retained

Transcript of the 16 October 2026 earnings call on Q2 and H1 FY27 results.

By ScoutQuest · Wed 21 Oct 2026, 6:12 PM IST · 2 min read

Q2 Turnover

INR1,215.99 crores, up 7.8%

Q2 Net Profit

INR130 crores, up almost 29%

FY27 Guidance

around 15% volume growth and similar EBITDA growth

Results snapshot

A quarter of value growth with faster volume growth, and profit rising faster than revenue.

• Q2 FY27 group turnover INR1,215.99 crores versus INR1,128.21 crores a year earlier, a value growth of 7.8%.
• EBITDA INR217.3 crores versus INR198.6 crores, a growth of 9.5%.
• Profit before tax INR150.86 crores, growing 18.7%; net profit INR130 crores, a growth of almost 29%.
• H1 FY27 turnover INR2,419.58 crores versus INR2,186.25 crores, a growth of approximately 11.6%.
• H1 EBITDA INR414 crores versus INR360 crores, a growth of almost 15%; H1 profit before tax INR279.88 crores, growing 26.48%; H1 net profit INR246.96 crores, growing 42%.

Why value growth trails volume

Management said the 7.8% value growth came on the back of double-digit volume growth, and that value growth trails volume because green coffee prices have come down. Asked where volume growth sat, management placed it in the range of 10% to 15%.

Domestic and branded business

• Domestic business gross turnover was INR210 crores in the quarter, of which brand sales were approximately INR140 crores.
• The branded business is growing at 25%, which management said is backed completely by volume growth in the domestic market and is coming from all channels, including general trade, modern trade and e-commerce.
• On pricing, management said some domestic SKUs saw price drops while some saw price increases, describing it as a mixed bag.

Guidance given by management

Management said the Q3 and Q4 order position looks robust and it expects to end the year exactly as per the guidance given at the start of the year, which was around 15% volume growth and a similar EBITDA growth.

Coffee price view

Green coffee prices were described as still fluctuating but range bound between USD3,400 and USD3,800 per ton, and not having broken away from the USD3,700 to USD3,800 levels. The Vietnam crop, expected around November-December, was named as the event that will decide future price trends.

Product mix

Management said fill-and-dry (FD) utilisations are much better and world market FD demand has been better than spray dried (SD) demand, while the proportion between the two has stayed similar to the last two to three quarters.

Balance sheet

Gross debt as at 30 September was INR1,192 crores and net debt was around INR742 crores.

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