2 weeks ago
Axis Direct sees 10% upside in CCL Products multibagger stock
A big money expert company called Axis Direct thinks a coffee company called CCL Products will keep doing well.
They say its stock price can go up by another 10 percent.
CCL Products makes coffee and sells it in places like Delhi and Mumbai.
In the last three months, the company made more money than before.
Its sales grew by almost 14 percent, and it sold 20 percent more coffee.
The company also paid off some of its debts, which is a good sign.
Coffee prices have been steady, which helps the company plan ahead.
The stock has already gone up a lot in the past year, making investors happy.
Axis Direct believes the company will keep growing for the next few years.
Axis Direct set a target price of ₹1,245 for CCL Products, implying a 10% upside from the latest closing price.
CCL Products reported Q1 FY27 revenue growth of 13.7% year-on-year, driven by 20% volume growth.
EBITDA grew 21.7% YoY, with margin expanding 106 basis points to 16.1%.
Net debt declined to ₹963 crore in Q1 FY27, down ₹90 crore quarter-on-quarter.
The stock has risen 115% since March 2025 to ₹1,130, after hitting an all-time high of ₹1,242.
- Who
- Axis Direct, a domestic brokerage firm, and CCL Products, a coffee company.
- What
- Axis Direct projects another 10% upside in CCL Products' stock, setting a target price of ₹1,245.
- Where
- India, with expansion into markets such as Delhi and Mumbai.
- When
- Following Q1 FY27 results; the stock has risen since March 2025.
- Why
- Strong quarterly performance, robust volume growth, stable coffee prices, and a strengthening balance sheet.
Key facts
- Target price
- ₹1,245
- Current market price
- ₹1,130
- Q1 FY27 revenue growth
- 13.7% YoY
- Volume growth
- 20%
- EBITDA growth
- 21.7% YoY
- EBITDA margin
- 16.1%
- Net debt
- ₹963 crore
- Stock return since March 2025
- 115%









