# Axis Direct sees 10% upside in CCL Products, target Rs 1,245 2026-08-17T16:48:15+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Domestic brokerage Axis Direct has set a target price of Rs 1,245 for CCL Products, implying a 10% upside from the current market price of Rs 1,130. The stock has gained 115% since March 2025 and has surged 550% from its May 2020 level of Rs 174. Axis Direct cites strong Q1 FY27 performance, with revenue up 13.7% year-on-year, 20% volume growth, and a strengthening balance sheet as key drivers. The brokerage noted that CCL Products' EBITDA grew 21.7% YoY, with margins expanding to 16.1%, helped by stable green coffee prices in the Rs 3,300, Rs 3,800 range. The company's net debt fell by Rs 90 crore quarter-on-quarter to Rs 963 crore. Management has guided for 15% growth in both EBITDA and volumes in FY27, supported by favourable supply from Brazil, though potential El Niño effects could affect the upcoming Vietnam harvest. ## Coverage - livemint.com This story was synthesised by AI from the source linked above. Tags: Axis Direct, CCL Products, coffee, Dalal Street Canonical: https://indianopinion.org/axis-direct-sees-10-upside-in-ccl-products-target-rs-1245/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/axis-direct-sees-10-upside-in-ccl-products-target-rs-1245/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/