CCL Products: Net Profit growth estimated to be 15-20% YOY; Buy

Jainam Research | Nov. 1, 2018, 12:06 p.m.


The demand of instant coffee is growing at only 2.2% is the major concern due to which export demand will slowdown and will directly affect company’s sales. Duopoly in domestic market is also a concern for expansion in domestic market. Company stands strong due to its product taste and quality and it trying to build it brand name in domestic market. We recommend our Investors to “Buy” the stock with potential upside of 23% with horizon of 2

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