# CCL Products Shares Drop to 7-Month Low

> CCL Products shares hit 7-month low after earnings miss, with Axis Direct holding buy rating.
- Title: CCL Products Shares Drop to 7-Month Low · mint | Shortify
- Summary: CCL Products shares hit 7-month low after earnings miss, with Axis Direct holding buy rating. CCL Products shares fell to ₹983, their lowest in seven months…
- Keywords: ccl products, securities, stock market, earnings, coffee prices, axis direct, buy rating, target price, news, india, CCL, Products
- Source: mint — https://livemint.com/market/stock-market-news/earningsled-sell-off-drags-multibagger-ccl-products-to-7-month-low-can-it-fall-further-axis-direct-rationale-11792400046709.html
- Author: A Ksheerasagar
- Published: 2026-10-19T10:20:54+00:00
- Read time: 1 min
- Topics: ccl products, securities, stock market, earnings, coffee prices, axis direct, buy rating, target price, news, india
## CCL Products Shares Fall
CCL Products shares fell to ₹983, their lowest level in seven months, as quarterly results missed estimates due to weak coffee prices and higher costs.
## Quarterly Results Missed Estimates
The company reported 7.5% year-on-year revenue growth, driven by double-digit volume growth of 10, 15%, though lower coffee prices weighed on realizations.
## Gross Margin Expansion
Gross margin expanded by 339 basis points to 37.9%, supported by a favorable FDC mix, while EBITDA grew 7.6% with margins stable at 17.5%.
## Management Cost Recovery Plan
Management expects to recover incremental costs through price revisions, with FDC demand outpacing SDC due to premiumization and new customer additions.
## Capacity Expansion Plans
With 17,000 MT FDC capacity approaching full utilization, management plans to update expansion by end of Q4FY27 or early Q1FY28, potentially through strategic partnership.
## Axis Direct Maintains Buy Rating
Axis Direct retained its 'Buy' rating despite the correction, citing intact long-term growth prospects and recent share price correction.
## Revised Target Price
The brokerage trimmed its target price from ₹1,425 to ₹1,255 per share, reflecting the stock’s recent decline.
## Coffee Price Stability
Green coffee prices remain steady in the US$3,400, 3,800 per tonne range, with Vietnam’s crop expected to influence future movements in November, December.
## Key takeaway

CCL Products shares fell to ₹983, their lowest in seven months, as quarterly results missed estimates due to weak coffee prices and higher costs, though Axis Direct maintains a 'buy' rating with a revised target price of ₹1,255.