CCL Products posts weak Q3 numbers
CCL Products standalone revenue for the quarter came in at Rs 203.61 crore, registering a decline of 10.3 per cent YoY.
The company's EBITDA for the quarter fell by 23.7 per cent YoY to Rs 46.18 crore, with a corresponding margin contraction of 398 bps. Its EBITDA margin for the quarter stood at 22.7 per cent. This margin contraction was led by increase in the cost of materials consumed as a proportion to sales (~57 per cent in Q3FY18 vs 51.7 per cent in Q3FY17).
The PAT for the quarter came in at Rs 28.04 crore, a decline of 25.6 per cent YoY.
The stock of CCL Products remained flat today ahead of its quarterly results and closed for the day at Rs 294.6. The stock of CCL Products opened today at Rs 295 and registered a low of Rs 289.55 and a high of Rs. 299.35 during the day.