CCL Merchandise (India) Ltd. – Immediate Espresso Producer
Continental Espresso (CCL Merchandise India Ltd.) is a number one Indian espresso firm within the world espresso market efficiently working companies in Espresso Exports, Non-public Label Manufacturing, and Continental Espresso branded coffees.
Established in 1994 on a modest scale with only one espresso mix, one manufacturing facility in Duggirala, Andhra Pradesh, and exporting to 1 nation, CCL has grown to change into a frontrunner within the business globally providing greater than 1000 best high quality espresso blends, manufactured throughout 4 state-of-the-art amenities (India, Vietnam & Switzerland) to prospects throughout 90 international locations.
CCL espresso is personalized to go well with completely different palates and cater to the varied wants of consumers worldwide, resulting in them turning into producers for high gamers and personal label manufacturers in India and globally.
Valuation:
The corporate is a pure-play espresso processor and doesn’t personal any cultivations. The diversified choices, Management standing, in-house packaging, and a robust order guide, offers the corporate a aggressive edge. We advocate a BUY score within the inventory with the goal value (TP) of Rs.565, 23x FY24E EPS.
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