CCL Products (India) Ltd. — Interim / Quarterly Report 2021

Jul 29, 2021

29th July, 2021

To

The Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1 G Block, Bandra-Kurla Complex, Bandra East, MUMBAI - 400051.

Dear Sir,

Sub: Submission of Un-audited Financial Results of the Company and Limited Review Report as per provisions of Regulation ³³ of SEBI(LODR)

Ref: Our Company Code - CCL

1. Un-audited standalone and consolidated Financial Results of the Company for first quarter ended 30th June, 2021.

2. ^A certified copy of Limited Review Report on standalone financials for first quarter ended 30th June, 2021 by the Statutory Auditors.

3. ^A certified copy of Limited Review Report on consolidated financials for first quarter ended 30th June, ²⁰²¹ by the Statutory Auditors.

This is for your information and necessary records.

Regards,

For CCL Products (India) Limited

?.?

Sridevi Dasari ? ' Company Secretary & Compliance Officer Encl: as above

CCL PRODUCTS (INDIA) LIMITED CORPORATE OFFICE 7-1-24/2/D. "Greendale", Ameerpet. Hyderabad- 500016. Telangana. India ? +91 40 2373 0855

CCL Products (India) Limited
Registered Office : Duggirala, Guntur District, Andhra Pradesh - 522 330
(CIN: L15110AP1961PLC000874)
Un-Audited financial results for the Quarter ended 30.06.2021
		Standalone				Consolidated			Rs.in Lakhs
SI No	Particulars	Quarter ended Year ended			Ouarter ended Year ended
		30.06.2021	31.03.2021	30.06.2020	31.03.2021	30.06.2021	31.03.2021	30.06.2020	31.03.2021
	Income	(Unaudited)	(Audited)	(Un-audited)	(Audited)	(Unaudited)	(Audited)	(Un-audited)	(Audited)
	a) Revenue from Operations	22,201.71	22,573.34	17,587.91	79,507.07	32.612.15	33,158.25	28,920.58	124,248.04
	Total Revenue from operations	22,201.71	22,573.34	17,587.91	79,507.07	32,612.15	33,158.25	28,920.58	124,248.04
	b) Other Income	43.17	6.515.48	38.38	6,650.11	10.94	296.53	5.01	339.16
	Total Income	22,244.88	29,088.82	17,626.29	86,157.18	32,623.09	33,454.78	28,925.59	124,587.20
	2 Expenses
	a) Cost of materials Consumed	12,462.59	3.804.66	8,264.94	34,419.69	18,370.83	9,551.56	14,645.16	57.951.34
	b) Changes in inventories	(1,795.52)	4,217.89	1,074.74	1,318.71	(2, 231.67)	4,136.76	1,174.36	1.070.60
	c) Employee benefits expense	1,159.64	1,748.29	1,104.92	5,251.79	1,854.87	2,500.79	1,688.77	7.953.76
	d) Finance Costs e) Depreciation	404.75	425.99	452.24	1,572.11	477.62	467.64	460.84	1,695.45
	f) Other Expenses	762.30 5,754.28	687.65 5,983.11	663.90 3,642.34	2,702.32 19,850.56	1,357.73 7.419.94	1,171.91 8,447.67	1,254.13	4,941.15
	Total Expenses (a to f)	18,748.05	16,867.59	15,203.09	65,115.17	27,249.32	26,276.33	5,124.84 24,348.11	27,496.60 101,108.90
	3 Profit before tax (1-2)	3,496.83	12,221.23	2,423.19	21,042.01	5,373.77	7,178.45	4,577.48	23,478.30
	4 Tax expenses
	- Income Tax	888.96	2,477.71	714.09	4,897.37	856.20	2.549.44	714.09	4,969.10
	- Deferred Tax	163.96	(298.80)	26.30	275.69	133.24	(291.29)	14.91	283.05
	$5$ Net Profit for the period (3-4)	2,443.91	10,042.32
				1,682.80	15,868.95	4,384.34	4,920.31	3,848.48	18,226.16
	6 Other comprehensive income
	a) (i) Items that will not be reclassified to profit or loss						(17.52)		(17.52)
	(ii) Income tax relating to items that will not be reclassified to profit or loss	$\overline{a}$	$\sim$	$\sim$	×	$\omega$
	b) (i) Items that will be reclassified to profit or loss	81.03	115.00	31.56	388.40	585.79	85.85	188.45	342.17
	(ii) Income tax relating to items that will be reclassified to profit or loss					$\sim$
	Total other comprehensive income	81.03	115.00	31.56	388.40	585.79	68.33	188.45	324.65
	7 Total Comprehensive income $(5+6)$	2,524.94	10,157.31	1,714.36	16,257.34	4.970.13	4,988.64	4,036.93	18,550.81
	8 Paid-up Equity Share Capital	2,660.56	2,660.56	2,660.56	2,660.56	2,660.56	2,660.56	2,660.56	2.660.56
	(Rs.2/- per Equity Share)
	9 Other Equity				90,177.63				106,069.21
	10 Earnings per share
	(of $Rs.2/-$ each) (not annualised);
	(a) Basic	1.84	7.55	1.26	11.93	3.30	3.70	2.89	13.70
	(b) Diluted	1.84	7.55	1.26	11.93	3.30	3.70	2.89	13.70

For CCL Products (India) Limited
$C \rightarrow A \rightarrow C$

C. RAJENDRA PRASAD Executive Chairman

Notes :-

I.The financial results of the company have been prepare^d in accordance with Indian Accouting Standards (Ind AS) notified under the Companies (Indian Accouting standards) Rules.2015 as amended by the Companies (Indian Accounting Standards) (Amendment) rules 2016.

1. The above Financial results recommended bv the Audit Committee are considered and approve^d bv the Board of Directors at their meeting held on 29th Julv. ²⁰²¹

2. The Standalone Financial results are reveiwed by the Statutory Auditors of the Company as per Regulation ³³ of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, ²⁰¹⁵ and financials of M/s.Ngon Coffee Company Limited, material overseas subsidiary of the Company were reviewed by other auditors.

3. Other Income in Standalone Financial Statements for the quarter ended 31st March, ²⁰²¹ includes the dividend income of Rs.6217.95 lakhs (which is also par^t of net profit of Rs. ^I 0042.32 Lakhs for the quarter ended 31st March, 2021) from the wholly owned overseas subsidiary of the Company i.e Mis.Ngan Coffee Company Limited.

4. Estimation uncertainty relating to the ^global health pandemic on COYID-19

The managemen^t has considered the possible effects, if any, that may result from the pandemic relating to COY! ^D - ¹⁹ on the carrying amounts of trade receivables & inventories. In assessing the recoverability of receivables, the Company has considered internal and external information upto the date of approva^l of these financial results including credit reports and economic forecasts etc., The Company has performed sensitivity analysis on the assumptions used and based on current indicators of future economic conditions, the Company expects to recover the carrying amount of these assets. The impact of the ^global health pandemic may be different from that estimated as at the date of approva^l of these financial results and the Company will continue to closely monitor any material changes and future economic conditions.

1. The entire operations of the Company relate to onlv one segmen^t viz .. Coffee and Coffee related products.Hence segmental reporting as per Ind AS ^{I 08} is ¹¹⁰¹ made.

2. Previous Year/ Period figures have been regroupe^d and recast. wherever necessarv. in line with the current period presentation.

8.The results for the Quarter ended 30th June. ²⁰²¹ are also available on Bomabav Stock Exchange website. the National Stock Exchange website and on the Company's website.

Place ^I lyderabad Date 29.07.2021

By and on behalf of the Hoard

c.??'>--?Q? Challa Rajendra Prasad Executive Chairman

P. B. No. 2102, Flat #302, Kala Mansion, Sarojini Devi Road, Secunderabad - 500 003 E-mail: ramanathamandrao@gmail.com Phone: 27814147, 27849305, Fax: 27840307

Auditor's Report on Standalone Quarterly Unaudited Financial Results of M/s CCL PRODUCTS (INDIA) LIMITED Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

TO THE BOARD OF DIRECTORS OF CCL PRODUCTS (INDIA) LIMITED

We have reviewed the accompanying statement of Standalone unaudited financial results of M/s CCL PRODUCTS (INDIA) LIMITED for the Quarter ended 30^th June, 2021. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial statements based on our review.

We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

for Ramanatham & Rao Chartered Accountants FRN: 2934S

(K SREENIVASAN) Partner ICAI Regn.No.206421

UDIN:21206421AAAAAIJ5543

Place: Hyderabad Date: 29th July, 2021

Chartered Accontants

C'B

f

6M ll ^PB. No 2102. Flat # 302. Kala Manson. ^II SaroiinL Devr Road. SecundeBbad . 500 ⁰⁰³

IndcDendent Auditor's Review lleDort on Corsolidated unauditod ouarterlv financial results of M/s CCL Product (lndia) Limitcd pursuant to the Resulation 33 ofthe SEBI (Listing Oblisations and Disclosure Requirements) Resulations.20lS

TO THE BOARD OF DIRECTORS OF CCL PRODUCTS ONDIA) LIMITED

• 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results ofCCL Product (India) Limited ("the Parert") and its subsidiades (the Parent and its subsidia es together refened to as "the Group"), for the quarter ended 30t June, 2021 ("the Statement"), being submitted by the Parent pusuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure R€quirements) Regulations 2015, as amended. Attention is drawn to the fact that the consolidated figures for the corresponding quarter ended 30th June, 2021, as reported in these financial results have been approved by the Parent's Board of Directors, but have not been subjected to review
• 1. This Statement, which is the responsibility of the Parent's Managemelt and approved by the Parent's Board ofDirectors, has been prepared in accordance with the recognition and measurement principles laid down in lndian Accounting Standard 34 "lnterim Financial Reporting" ("lnd AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• We conducted our review ofth€ Statement in accordance with the Standard on Review Engagements (SRE) 24l0 "Review of Interim Financial Information Performed by the Independent Auditor ofthe Entity", issued by the lnstitute of Chartered Accountants of lndia. A review ofinterim financial information consists ofmaking inquiries, primarily ofpersons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become awareofall significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Ramanatham \$ Rao Chortered Acco u nta nts

We also performed procedures in accordance with the circular issued by the SEBI tmder Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015, as amended. to the extent applicable.

• -1. The Statement includes the results ofthe following entities:
• (i) Jayanti Pte Ltd., Singapore
• (ii) Ngon Coffee Compary Ltd., Vietnam
• (iii) Continental Coffee sA (formerly known as Grandsaugreen SA), Switzerland
• (iv)Continental Coffee Private l-imited., lndia
• (v) CCL Bevera8es Private Limited., lndia
• 1. Based on our review conducted and procedures performed as stated in para\$aph ³ above and based on the consideration ofthe r€view reports ofthe branch auditors and other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying statement, prepared in accordance with th€ recognition and measurement p nciples laid down in the aforesaid Indian Accounting Standard and other accounting p nciples generally accepted in Indi4 has not disclosed the information required to be disclosed in terms ofRegulation 33 ofthe SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
• 1. We did not review the financial results of I (one) subsidiary included in the consolidated unaudited financial results, whose financial results total revenues of Rs, 9,109.10 Lakhs, total net profit/(loss) after tax of Rs. 1.702.23 Lakhs and total comprehensive income/loss ofRs. 1,702.23 Lakhs, for the quarter ended 3Orh June, 2021. as considered in the coflsolidated unaudited financial rcsults. These finanaial results have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect ofthese subsidiaries, associates and joint ventures, is based solely on the repois of the other auditors and the procedures performed by us stated in paragraph 3 above.

Our conolusion on the Statement is not modified in respect ofthe matters.

Ramanatham & Rao Chartered Accountants

1. The consolidated unaudited financial results includes the financial results of 4 (Four) subsidiaries which have not been reviewed by their auditors, whose financial results reflect total revenue of Rs. 7,155.38 Lakhs, total net profit/(loss) after tax of Rs. 236.20 Lakhs and total comprehensive income/(loss) of Rs. 236.20 Lakhs for the quarter ended 30^th June, 2021, as considered in the consolidated unaudited financial results. According to the information and explanations given to us by the Management, these financial results are not material to the Group.

Our conclusion on the Statement is not modified in respect of the above matter.

for Ramanatham & Rao Chartered Accountants FRN: 2934S

(K SREENIVASAN) Partner ICAI Regn.No.206421

UDIN:21206421AAAAIK3528

Place: Hyderabad Date: 29^th July, 2021