VINCOFE - Vintage Coffee
π’ Recent Corporate Announcements
Vintage Coffee and Beverages Limited has confirmed zero deviation in the utilization of funds raised through two preferential issues in late 2025. The company raised a total of βΉ18,820.45 Lakhs, with the primary issue of βΉ18,389.20 Lakhs occurring in September 2025. As of December 31, 2025, the company has deployed βΉ6,235 Lakhs toward subsidiary capital expenditure and βΉ2,955 Lakhs for working capital. The Audit Committee has reviewed and validated that all expenditures align with the original objects of the issue.
- Total funds raised through two preferential issues amounted to βΉ18,820.45 Lakhs in late 2025.
- Reported zero deviation or variation in the use of proceeds for the quarter ended December 31, 2025.
- Utilized βΉ6,235 Lakhs out of an allocated βΉ9,570 Lakhs for capital expenditure in wholly-owned subsidiaries.
- Deployed βΉ2,955.02 Lakhs for working capital requirements and βΉ3,006.51 Lakhs for general corporate purposes.
- The second preferential issue of βΉ431.25 Lakhs has been fully utilized for ongoing project working capital.
Vintage Coffee reported a strong Q3 FY26 with consolidated revenue growing 71% YoY to βΉ1,505 million and PAT increasing 54% to βΉ191 million. The company achieved 100% utilization of its 6,500 MTPA capacity and is on track to expand to 11,000 MTPA by the end of FY26. Management highlighted a strategic shift toward higher-margin consumer packs, which now constitute 60% of the product mix, and expects operating cash flow to reach breakeven for the full year.
- Consolidated revenue for Q3 FY26 rose 71% YoY to βΉ1,505 million, driven by higher volumes and better realizations.
- EBITDA margins improved to 19.1% in Q3, supported by a shift toward value-added consumer packs (60:40 ratio vs bulk).
- Current 6,500 MTPA capacity is fully utilized, with an additional 4,500 MTPA expected to commission by March 2026.
- 9-month PAT surged 109% YoY to βΉ512 million, reflecting strong operational efficiency and export demand.
- Company has issued purchase orders for a new 5,500 MTPA freeze-dried coffee facility targeted for FY27.
Vintage Coffee and Beverages Limited has made the audio recording of its investor conference call available to the public. The call was held to discuss the company's financial performance for the quarter ended December 31, 2025. This disclosure is a standard regulatory requirement under SEBI's Listing Obligations and Disclosure Requirements. Investors can access the recording via the company's official website to hear management's detailed commentary on the quarter's results.
- Audio recording of the Q3 FY26 investor call is now accessible online.
- The call focused on financial results for the quarter ended December 31, 2025.
- Filing complies with SEBI Regulation 30 and 46(2)(oa) regarding investor meets.
- The recording link is hosted on the company's official website at vcbl.coffee.
Vintage Coffee and Beverages Limited has scheduled its earnings conference call for Thursday, February 5, 2026, at 1:15 p.m. IST. The management will discuss the unaudited financial results for the third quarter and nine months ended December 31, 2025. Key leadership, including the Chairman & Managing Director and the CFO, will be present to provide a performance outlook. This routine disclosure follows SEBI Listing Obligations and Disclosure Requirements.
- Conference call scheduled for February 5, 2026, at 1:15 p.m. IST to discuss Q3 FY26 results
- Management participants include CMD Tati Balakrishna, Executive Director Tati Sai Teja, and CFO Yarkali Kranthi Kumar
- The call is hosted by Nuvama Wealth Research with international dial-in facilities for USA, UK, Singapore, and Hong Kong
- Discussion will focus on financial performance for the nine-month period ended December 31, 2025
Vintage Coffee and Beverages Limited (VINCOFE) reported a stellar Q3FY26 performance with consolidated revenue surging 143% YoY to βΉ150.52 crore. The company achieved 100% capacity utilization of its current 6,500 MTPA facility, prompting an expansion to 11,000 MTPA expected by the end of FY26. Net profit for the quarter rose 122% YoY to βΉ19.11 crore, driven by strong export demand which accounts for nearly 89% of total revenue. Furthermore, the company is progressing with a new 5,500 MTPA greenfield freeze-dried coffee plant to diversify its premium product offerings.
- Consolidated revenue grew 143% YoY to βΉ150.52 crore in Q3FY26.
- Net Profit increased by 122% YoY to βΉ19.11 crore; Operating Profit rose 147% to βΉ27.64 crore.
- Current capacity of 6,500 MTPA is 100% utilized as of Q3FY26.
- Capacity expansion to 11,000 MTPA is scheduled for commissioning by the end of FY26.
- Greenfield project for 5,500 MTPA Freeze-Dried Coffee plant is currently under execution.
Vintage Coffee and Beverages Limited reported robust Q3 FY26 results with consolidated revenue growing 71% YoY to βΉ150.52 crore. Profit After Tax (PAT) for the quarter rose 53% to βΉ19.11 crore, while the nine-month performance showed even stronger momentum with PAT surging 109% to βΉ51.18 crore. The company is on track to expand its capacity to 11,000 MTPA by the end of FY26. Additionally, a massive βΉ1,100 crore greenfield project in Telangana is underway, focusing on premium freeze-dried coffee to drive future growth.
- Q3 FY26 Revenue grew 71% YoY to βΉ150.52 Cr; Operating Profit rose 83% to βΉ27.64 Cr.
- 9M FY26 PAT surged 109% YoY to βΉ51.18 Cr, reflecting significant operational efficiency.
- Total capacity to reach 11,000 MTPA from current 6,500 MTPA by the end of FY26.
- Signed MOU with Telangana Govt for βΉ1,100 Cr greenfield project in two phases.
- Orders placed for 5,500 MTPA freeze-dried coffee plant machinery from European suppliers.
Vintage Coffee and Beverages Limited reported a robust performance for Q3 FY26, with consolidated revenue from operations reaching βΉ150.52 crore, an 88% increase compared to βΉ80.10 crore in the same quarter last year. Consolidated Net Profit (PAT) for the quarter rose significantly to βΉ19.11 crore from βΉ12.46 crore in Q3 FY25. For the nine-month period ended December 2025, the company's PAT more than doubled to βΉ51.19 crore compared to βΉ24.51 crore in the previous year, reflecting strong operational scaling. The company continues to leverage its two material subsidiaries for its manufacturing and export-focused business model.
- Consolidated Revenue from Operations grew 88% YoY to βΉ150.52 crore in Q3 FY26
- Consolidated Net Profit (PAT) increased by 53.4% YoY to βΉ19.11 crore
- 9M FY26 Consolidated PAT surged 108.8% to βΉ51.19 crore from βΉ24.51 crore YoY
- Consolidated EPS improved to βΉ1.31 in Q3 FY26 from βΉ1.01 in the year-ago period
- Total Consolidated Revenue for 9M FY26 reached βΉ391.73 crore, nearly doubling YoY
Vintage Coffee and Beverages Limited reported a robust performance for Q3 FY26, with consolidated revenue from operations surging 88% YoY to βΉ150.52 crore. The consolidated net profit for the quarter rose to βΉ19.11 crore from βΉ12.46 crore in the same period last year, marking a 53.4% growth. For the nine-month period ended December 2025, the company's net profit more than doubled to βΉ51.19 crore compared to βΉ24.51 crore in the previous year. The company continues to benefit from its focus on the manufacturing and export of instant coffee and chicory products.
- Consolidated revenue from operations grew 88% YoY to βΉ150.52 crore in Q3 FY26.
- Consolidated Net Profit increased by 53.4% YoY to βΉ19.11 crore for the quarter.
- Nine-month consolidated PAT surged 108.8% YoY to βΉ51.19 crore from βΉ24.51 crore.
- Quarterly Earnings Per Share (EPS) improved to βΉ1.31 from βΉ1.01 in the year-ago period.
- Total consolidated expenses for the quarter stood at βΉ128.80 crore, with raw material costs accounting for βΉ110.25 crore.
Vintage Coffee And Beverages Limited has responded to the National Stock Exchange's request for clarification regarding its financial results for the quarter ended September 30, 2025. The exchange identified discrepancies in the XBRL submission and noted that the Auditor's Report was not in the SEBI-prescribed format. In response, the company submitted revised filings on January 13, 2026, to address these compliance gaps. This action ensures the company remains in alignment with Regulation 33 of SEBI (LODR) Regulations, 2015.
- NSE sought clarification on Q2 FY26 results due to discrepancies in the XBRL filing.
- The initial Limited Review/Auditor's Report was not in the format prescribed by SEBI.
- Company submitted revised filings via NEAPS (App. No 134776 and 134784) on January 13, 2026.
- The clarification pertains to compliance with Regulation 33 of SEBI (LODR) Regulations, 2015.
Vintage Coffee And Beverages Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The Registrar and Share Transfer Agent, Purva Sharegistry (India) Pvt. Ltd., confirmed that all share certificates received for dematerialization during the quarter ended December 2025 were processed within prescribed timelines. The report details the conversion of physical shares into electronic form for specific folios, including a batch of 200 shares and several 10-share lots in October 2025. This filing confirms that the company's register of members has been updated and the physical certificates were duly cancelled.
- Compliance certificate issued for the quarter ended December 31, 2025, under SEBI Regulation 74(5).
- Confirmation that dematerialized securities are listed on the stock exchanges where earlier shares were listed.
- Details specific dematerialization activities for shareholder Ankush Agarwal involving over 40 small lots of shares.
- RTA confirms that physical certificates were mutilated and cancelled after due verification.
- The name of the depositories (NSDL/CDSL) has been substituted in the register of members as the registered owner.
Vintage Coffee and Beverages Limited has officially appointed Ms. Prachi Karwa as the Company Secretary and Compliance Officer effective January 3, 2026. The appointment was approved during a board meeting held on the same day between 2:00 PM and 3:00 PM. Ms. Karwa is a qualified professional with over 3 years of experience in secretarial and legal functions. This move ensures the company remains compliant with SEBI listing regulations regarding Key Managerial Personnel (KMP).
- Appointment of Ms. Prachi Karwa as Company Secretary and Compliance Officer effective January 3, 2026
- The appointee brings over 3 years of experience in secretarial and legal works
- Board meeting for the approval concluded within one hour on January 3, 2026
- Ms. Karwa holds zero shares in the company and has no relationship with other directors
Vintage Coffee and Beverages Limited has appointed Ms. Prachi Karwa as the Company Secretary and Compliance Officer effective January 03, 2026. This appointment fills a Key Managerial Personnel (KMP) role, ensuring the company adheres to SEBI's regulatory requirements. Ms. Karwa is a qualified professional with over 3 years of experience in secretarial and legal affairs. The board meeting concluded within an hour, confirming the appointment without any other major changes.
- Appointment of Ms. Prachi Karwa as CS and Compliance Officer effective January 03, 2026
- The appointee brings over 3 years of specialized experience in legal and secretarial domains
- Ms. Karwa holds zero shares in the company and has no relationship with existing directors
- The board meeting was held on January 03, 2026, from 02:00 p.m. to 03:00 p.m.
Vintage Coffee And Beverages Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of the company's unaudited financial results for the quarter ending December 31, 2025. The restriction applies to all designated persons and their immediate relatives to prevent insider trading. The window will remain closed until 48 hours after the results are officially announced to the exchanges.
- Trading window closure effective from January 1, 2026.
- Closure is related to the financial results for the quarter ending December 31, 2025.
- Restriction applies to Designated Persons and their immediate relatives as per SEBI norms.
- Trading window will reopen 48 hours after the declaration of the unaudited financial results.
- Board meeting date for result approval to be announced in due course.
Vintage Coffee and Beverages Limited (VCBL) has signed a Memorandum of Understanding with the Government of Telangana to establish a new Premium Freeze-Dried Coffee (FDC) plant. The project involves a 5,500 Metric Tons per annum capacity facility situated on 20 acres of land. Recognized as a mega project, it will benefit from expedited clearances under the TG-IPASS system. This greenfield expansion is expected to be commissioned by March 2027, following a separate capacity ramp-up to 11,000 MT by March 2026.
- MoU signed with Telangana Government for a 5,500 MT per annum Freeze-Dried Coffee facility
- Project allocated 20 acres of land and granted mega project status for fast-track approvals
- Existing production capacity is being augmented to 11,000 MT by March 2026
- New greenfield FDC project targeted for commissioning by March 2027
- Expansion focuses on high-value premium coffee segments to enhance global export footprint
Vintage Coffee and Beverages Ltd (VINCOFE) has launched 100% Pure Instant Coffee in India. This launch follows the opening of Vintage Coffee CafΓ© in Navi Mumbai in September 2024 and the introduction of Roast & Ground coffee. The instant coffee will be available at Vintage Coffee CafΓ©, Navi Mumbai, and on select e-commerce platforms. VINCOFE is expanding its production capacity to 11,000 MT by Marchβ26 and setting up a new 5,500 MT Freeze-Dried Instant Coffee plant by March β27.
- Launched 100% Pure Instant Coffee under the brand VINCOFE INSTANT COFFEE - PURE
- Expanding production capacity to 11,000 MT by Marchβ26
- Setting up a new 5,500 MT Freeze-Dried Instant Coffee plant by March β27
- The company was incorporated in the year 1980
- Current production capacity is 6,500 MT
Financial Performance
Revenue Growth by Segment
Standalone revenue grew 135.4% from INR 131.04 Cr in FY 2023-24 to INR 308.52 Cr in FY 2024-25. Consolidated revenue for Q2 FY26 reached INR 105.14 Cr, representing a 154% YoY increase compared to Q2 FY25.
Geographic Revenue Split
Not disclosed in available documents, though the company mentions selling locally in India and monitoring global green coffee production.
Profitability Margins
Net Profit Ratio improved from 4.44% in FY 2023-24 to 5.23% in FY 2024-25. Consolidated Net Profit for Q2 FY26 was INR 17.83 Cr, up 143% YoY from Q2 FY25.
EBITDA Margin
EBITDA levels for the freeze-dried coffee segment are estimated between 22% and 25%. Operating profit for Q2 FY26 was INR 21.38 Cr, a 142% YoY increase.
Capital Expenditure
The company is funding expansion through equity and debt, including a brownfield project to add 4,500 MT in the spray and agglo segment and a new freeze-dried coffee plant. Specific historical INR Cr values for CapEx were not disclosed.
Credit Rating & Borrowing
Monitoring Agency Report issued by Infomerics Valuation and Rating Ltd. Total debt stood at INR 10.07 Cr in FY 2024-25 with a Debt Service Coverage Ratio of 67.95.
Operational Drivers
Raw Materials
Green coffee beans represent the primary raw material; specific percentage of total cost not disclosed.
Import Sources
Sourced from global green coffee production markets to cover requirements at optimal prices.
Capacity Expansion
Currently adding 4,500 MT in the spray and agglo segment as a brownfield project. Planned expansion to reach a total production facility of 20,000 MT within the next 3 to 4 years (by FY28-FY29).
Raw Material Costs
Procurement strategy involves taking cognizance of global production to cover requirements at optimal prices. A cost-plus-profit model is used to mitigate the impact of raw material price volatility on the bottom line.
Manufacturing Efficiency
Capacity utilization is expected to be high, with visibility of good utilization by the second month of new plant operations.
Strategic Growth
Expected Growth Rate
154%
Growth Strategy
Growth will be driven by expanding production capacity to 20,000 MT, launching high-margin freeze-dried coffee products, and expanding the domestic footprint through e-commerce, quick commerce, and a master franchisee-led cafe model.
Products & Services
Instant coffee (Spray-dried, Agglomerated, and Freeze-dried), 100% Pure Instant Coffee, and coffee cafe services.
Brand Portfolio
Vintage Coffee
New Products/Services
Launched 100% Pure Instant Coffee in India; venturing into e-commerce and quick commerce platforms.
Market Expansion
Opening physical cafe outlets (e.g., Navi Mumbai) via master franchisees and signing an MoU with the Government of Telangana for future development.
Strategic Alliances
MoU signed with the Government of Telangana on December 9, 2025, at the Telangana Rising Global Summit.
External Factors
Industry Trends
The industry is seeing a shift toward premium freeze-dried coffee and increased domestic consumption in India. VINCOFE is positioning itself by increasing capacity and entering the B2C segment via e-commerce.
Competitive Landscape
Increasing competition as new players enter the market to cater to growing coffee demand.
Competitive Moat
Sustainable competitive advantage derived from a cost-plus pricing model that insulates the bottom line from bean price volatility and a brownfield expansion strategy that lowers incremental fixed costs.
Macro Economic Sensitivity
Sensitive to global economic conditions and political disturbances which may impact green coffee production and logistics.
Consumer Behavior
Shift toward in-home and out-of-home premium coffee consumption and rapid adoption of quick commerce for grocery purchases.
Geopolitical Risks
Global political disturbances are identified as potential threats to the budgetary targets and supply chain stability.
Regulatory & Governance
Industry Regulations
Compliance with the Companies Act, 2013 and internal financial control frameworks for automated ERP applications.
Risk Analysis
Key Uncertainties
Volatility in global green coffee prices could impact working capital by 10-20% depending on the magnitude of price shifts.
Third Party Dependencies
High dependency on top 5 customers who contribute 49% of total revenue.
Technology Obsolescence Risk
The company uses ERP and IT applications for financial reporting and internal controls to mitigate operational errors.
Credit & Counterparty Risk
Average Trade Receivables stood at INR 8.35 Cr in FY 2024-25, with a turnover ratio of 13.60 indicating moderate credit risk.