The Board of CCL Products (India) has appointed Kosaraju Veerayya Chowdary, IRS (Retd.) as an Additional Director on the Board of Directors of the Company in the capacity of Independent Director w.e.f. 25 June, 2019 through circular resolution.

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CCL Products (India) announced that India Ratings and Research (Ind-Ra) has revised the company's (CCL) Outlook to Positive from Stable while affirming its Long-Term Issuer Rating in May 2019.

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Net profit of CCL Products (India) declined 24.56% to Rs 35.64 crore in the quarter ended March 2019 as against Rs 47.24 crore during the previous quarter ended March 2018. Sales declined 18.31% to Rs 262.13 crore in the quarter ended March 2019 as against Rs 320.88 crore during the previous quarter ended March 2018.

For the full year,net profit rose 4.56% to Rs 154.89 crore in the year ended March 2019 as against Rs 148.13 crore during the previous year ended March 2018. Sales declined 4.97% to Rs 1081.42 crore in the year ended March 2019 as against Rs 1138.00 crore during the previous year ended March 2018.

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The result was announced after market hours yesterday, 13 May 2019.

Meanwhile, the S&P BSE Sensex was down 97.36 points, or 0.26% to 36,993.46

On the BSE, 1,555 shares were traded in the counter so far, compared with average daily volumes of 2,005 shares in the past two weeks. The stock had hit a high of Rs 271 and a low of Rs 259.05 so far during the day.

CCL Products (India) said that the board of directors of the company has recommended a final dividend of Rs 1.75 per share for the financial year 2018-19.

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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