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CCL Products India vs Parag Milk Foods: Share Price, Comparison and Key Differences

  • August 12, 2026
  • Posted by: Kunal Singla
  • Category: News
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CCL Products India vs Parag Milk Foods: Share Price, Comparison and Key Differences

CCL Products India MCap Rs 15,089 Cr, PE 34.89x, ROE 16.55%, D/E 0.56. Parag Milk Foods MCap Rs 2,804 Cr, PE 21.65x, ROE 10.73%, D/E 0.48.

CCL Products India vs Parag Milk Foods is a comparison food sector investors look up when evaluating two listed Indian companies with different food product specialties. CCL Products India, a Hyderabad-based company, is India’s largest instant coffee manufacturer – it processes green coffee into spray-dried and freeze-dried instant coffee powders, primarily for export to global coffee brands. Parag Milk Foods, a Pune-based company, produces dairy products including cow ghee (Pride of Cows brand), paneer, curd, cheese and flavored milk. Both CCL Products vs Parag Milk Foods are food companies in different niches.

This CCL Products India vs Parag Milk Foods article covers reach and market position, key products, latest declared results and stock valuation. All data is sourced from Groww and public company filings.

Table of Contents

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  • Reach and Market Position
  • Key Products and Business Mix
  • Latest Results and Financial Data
  • Stock Performance and Valuation
  • CCL Products India vs Parag Milk Foods: Quick Comparison Table
  • Conclusion
  • Frequently Asked Questions
    • What does CCL Products India make?
    • What does Parag Milk Foods sell?
    • What is freeze-dried vs spray-dried coffee?
    • Are CCL Products and Parag Milk in Nifty 50?
    • Which is larger?
    • Do both pay dividends?
    • Is CCL Products related to the CCL Group?

Reach and Market Position

In this CCL Products India vs Parag Milk Foods comparison, CCL Products India exports instant coffee powder to coffee brands in USA, UK, Europe, Japan, Russia and other countries – supplying to household international coffee brands as a B2B manufacturer. Market capitalisation is Rs 15,089 Cr.

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Parag Milk Foods sells Pride of Cows (premium fresh milk delivery), Go Cheese, Gowardhan ghee and branded dairy products across India. Market capitalisation is Rs 2,804 Cr.

Key Products and Business Mix

For the CCL Products India vs Parag Milk Foods product breakdown, CCL Products India: CCL Products earns from instant coffee powder (spray-dried and freeze-dried) exports to global coffee brands. EPS is Rs 32.39. PE is 34.89x, ROE 16.55 percent, D/E 0.56.

Parag Milk Foods: Parag Milk earns from branded dairy products including ghee, paneer, cheese, fresh milk and milk powder. EPS is Rs 10.31. PE is 21.65x, ROE 10.73 percent, D/E 0.48.

Latest Results and Financial Data

On the CCL Products India vs Parag Milk Foods results front: CCL Products has a market cap of Rs 15,089 Cr and PE of 34.89x. ROE is 16.55 percent. CCL Products is 5.4 times larger than Parag Milk Foods.

Parag Milk Foods has a market cap of Rs 2,804 Cr and PE of 21.65x. ROE is 10.73 percent. Parag Milk is cheaper on PE but with a lower ROE than CCL Products.

Compare CCL Products India and Parag Milk Foods Fundamentals on the Univest Screener

Stock Performance and Valuation

Investors tracking the CCL Products India vs Parag Milk Foods comparison should verify current prices on NSE or BSE before trading. The CCL Products India vs Parag Milk Foods stock data below reflects the latest available figures from Groww and public company filings.

CCL Products vs Parag Milk at current valuations: CCL trades at Rs 15,089 Cr market cap, PE 34.89x, ROE 16.55 percent. Parag Milk trades at Rs 2,804 Cr market cap, PE 21.65x, ROE 10.73 percent. CCL Products is larger and more capital-efficient despite the higher PE. Both are in food manufacturing but in completely different product categories.

CCL Products India vs Parag Milk Foods: Quick Comparison Table

The comparison table below summarises the key metrics side by side.

Parameter CCL Products India Parag Milk Foods
Sector Instant coffee: spray-dried + freeze-dried export (Hyderabad, global B2B) Branded dairy: ghee + cheese + paneer + milk (Pride of Cows, Gowardhan)
Market Cap Rs 15,089 Cr Rs 2,804 Cr
P/E Ratio 34.89x 21.65x
ROE 16.55% 10.73%
Market B2B export to global coffee brands (US, UK, Europe, Japan) India domestic retail dairy consumers
Debt to Equity 0.56 0.48
Dividend Yield 0.51% 0.49%

Conclusion

The CCL Products India vs Parag Milk Foods comparison above covers reach, products, results and valuation. CCL Products India vs Parag Milk Foods covers instant coffee manufacturing versus branded dairy products. CCL Products is a B2B export-oriented coffee company with strong global market exposure. Parag Milk is a domestic branded dairy company competing with Amul, Mother Dairy and others. CCL Products vs Parag Milk investors should track global coffee demand and India’s branded dairy consumption growth respectively. Consult a SEBI-registered advisor for personalised guidance.

Download the Univest iOS App or Univest Android App to track CCL Products India and Parag Milk Foods live price and get daily stock recommendations.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions

What does CCL Products India make?

Ans. CCL Products India processes green coffee beans into instant coffee powder using spray-drying and freeze-drying processes. It sells this instant coffee in bulk to major global coffee brands (like Douwe Egberts, Jacobs, Lavazza) who pack it under their own labels.

What does Parag Milk Foods sell?

Ans. Parag Milk Foods sells branded dairy products including Gowardhan ghee and dairy staples, Go Cheese (processed cheese), Pride of Cows (premium fresh home-delivered milk), and flavored milk, curd, paneer and milk powder.

What is freeze-dried vs spray-dried coffee?

Ans. Spray-dried instant coffee is made by spraying coffee extract through hot air – cheaper but less aroma-retentive. Freeze-dried instant coffee involves freezing the extract and removing moisture under vacuum – more expensive but preserves aroma and flavor.

Are CCL Products and Parag Milk in Nifty 50?

Ans. Neither is in Nifty 50. Both are tracked in smaller indices.

Which is larger?

Ans. CCL Products India at Rs 15,089 Cr is approximately 5.4 times larger than Parag Milk Foods at Rs 2,804 Cr.

Do both pay dividends?

Ans. Yes. Both pay modest dividends – CCL Products approximately 0.51 percent and Parag Milk approximately 0.49 percent.

Is CCL Products related to the CCL Group?

Ans. CCL Products India is a standalone Hyderabad-based company, the world’s largest private-label instant coffee manufacturer. It is not part of a broader conglomerate.



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Author: Kunal Singla
Kunal Singla is the Associate Director - Research at Univest, leading quantitative equity research, intraday trading setups, and derivatives strategy. With 4+ years of experience in Indian equity markets, he combines rigorous quantitative methods with classical technical analysis to build high-conviction research frameworks for retail and advisory clients. He holds an MSc from the Indian Institute of Technology (IIT) Delhi — one of India's most selective institutions — and has completed the Certificate in Quantitative Finance (CQF), a globally recognised programme covering derivatives pricing, risk modelling, machine learning for finance, and advanced portfolio theory. This combination places him in a small group of Indian analysts with both deep academic training in quantitative methods and SEBI-recognised research credentials. Kunal holds seven SEBI-recognised NISM certifications spanning research, derivatives, portfolio management, and securities operations: Series-XV (Research Analyst), Series-XXI-A (Portfolio Managers), Series-XVI (Commodity Derivatives), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-V-A (Mutual Fund Distributors), and Series-I (Currency Derivatives). At Univest — India's SEBI-registered research and advisory platform — Kunal leads research inputs for Pro Lite, Pro Super, Pro Gold, and Pro Commodity advisory services, alongside publishing intraday stock picks on Univest Blogs.

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