CCL Products (India) Limited CC-Mar25.pdf · 2025-05-06
If I look at the coffee prices, whatever data we get on the global side, it seems like coffee prices have gone up almost 60%, 70% in the last 1 year, whereas if I look at our contribution growth from realization is only 6%, 7% because the rest of it is volume growth. So would it be fair to say that even if coffee prices start to correct because these contracts are coming with a lag, we will continue to see growth in terms of realizations for the next few years before it starts kind of tapering off?
Got it. And the second question was if the coffee prices remain at the current level, then given our investment has increased because the coffee prices have gone up and our inventory holding is at a higher price, do we also renegotiate on our whatever EBITDA per kg that you would be charging the clients? And does that also start showing up in higher EBITDA per kg going forward?