CCL Q3 profits up, to participate in Andhra Pradesh SEZ
The coffee company CCL Products saw its Q3 profits grow 76.3% to Rs. 45.98 crore, and net incomes rise 34.6% compared to the same quarter last year. The company has also approved capacity expansion in the Andhra Pradesh SEZ based out of Chittoor - expansion there and its brownfield expansion in Vietnam is expected to drive growth in FY18 and FY19, according to analysts. The company has an established client base - 20 year long relationships - that provide it some cushion on existing earnings.01-02-2017