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On a consolidated basis, profit before tax (PBT) jumped 38.99% year-on-year (YoY) to Rs 94.71 crore in Q4 FY23.
Total expenses rose 39.41% to Rs 407.01 crore in quarter ended 31 March 2023. Cost of materials consumed was at Rs 288.31 crore (up 27.38% YoY) and employee expense rose 19.53% to Rs 39.53 crore during the quarter.
For the full year, CCL Products (India)'s net profit rose 31.58% to Rs 268.88 crore on 41.67% increase in net sales to Rs 2071.22 crore in the year ended March 2023 over the year ended March 2022.
The company's board recommended a final dividend of Rs 2.50 per share.
Consolidated net cash from operations stood at Rs 198.32 crore in the year ended March 2023, higher than Rs 116.26 crore in the year ended March 2022.
CCL Products is a leading manufacturer and exporter of instant coffee and private label coffee products. It has become the largest exporter of instant coffee worldwide with a global clientele base in over 90 countries.
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