CCL Products (India) jumped 3.44% to Rs 199.7 after consolidated net profit rose 44.1% to Rs 47 crore on 29.3% rise in net sales to Rs 302.72 crore in Q3 December 2019 over Q3 December 2018.
Consolidated Profit before tax (PBT) for Q3 December 2019 stood at Rs 68.71 crore, up by 58.4% against Rs 43.37 crore in Q3 December 2018. Tax expenses declined 25.6% to Rs 8.56 crore in Q3 FY20 from Rs 11.50 crore in Q3 FY19.
The company has also declared an interim dividend of Rs 2 per equity share while fixing the record date as 7 February 2020.
CCL Products (India) is engaged in the manufacturing of instant coffee. The company operates through the coffee and coffee related products segment.
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