VINCOFE - Vintage Coffee
📢 Recent Corporate Announcements
Vintage Coffee and Beverages Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ending March 31, 2026. The filing, issued by Purva Sharegistry (India) Pvt. Ltd., confirms that all share certificates received for dematerialization were processed within prescribed timelines. The report specifically notes that zero shares were dematerialized during the January to March 2026 quarter. This is a standard procedural disclosure required by Indian stock exchanges to ensure registry accuracy.
- Compliance certificate submitted for the quarter ended March 31, 2026.
- Confirmation provided by Registrar and Share Transfer Agent, Purva Sharegistry (India) Pvt. Ltd.
- Report indicates zero (NIL) share certificates were dematerialized during the period from January 1, 2026, to March 31, 2026.
- Verification confirms that the names of depositories have been substituted in the register of members for any processed requests.
Vintage Coffee and Beverages Limited (VINCOFE) has announced the closure of its trading window starting April 1, 2026, in compliance with SEBI insider trading regulations. This closure is a standard procedure ahead of the declaration of the company's audited financial results for the quarter and full year ending March 31, 2026. The restriction applies to all designated persons and their immediate relatives, preventing them from trading in company securities. The window will remain closed until 48 hours after the financial results are officially announced to the stock exchanges.
- Trading window closure effective from April 1, 2026.
- Closure is related to the audited financial results for the quarter and year ending March 31, 2026.
- Trading restriction ends 48 hours after the public declaration of financial results.
- Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
Vintage Coffee and Beverages Limited (VCBL) has successfully commissioned a 4,500 MTPA brownfield expansion, increasing its total production capacity from 6,500 MTPA to 11,000 MTPA. The project was completed ahead of the March 31, 2026 deadline and was funded entirely through internal accruals, maintaining a debt-free expansion strategy. This 70% capacity increase allows for a mix of 6,000 MT of spray-dried and 5,000 MT of agglomerated coffee. Furthermore, the company has initiated a 5,500 MTPA greenfield project for freeze-dried coffee expected to start production next year.
- Total production capacity increased by 70%, rising from 6,500 MTPA to 11,000 MTPA
- Expansion project funded 100% through internal accruals with no reliance on external debt
- Commissioned ahead of schedule on March 23, 2026, versus the March 31 deadline
- New capacity includes 6,000 MT of spray-dried and 5,000 MT of agglomerated coffee
- Greenfield project for 5,500 MTPA ultra-modern freeze-dried coffee plant is underway for next year
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 ₹18,820.45 Lakhs, with the primary issue of ₹18,389.20 Lakhs occurring in September 2025. As of December 31, 2025, the company has deployed ₹6,235 Lakhs toward subsidiary capital expenditure and ₹2,955 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 ₹18,820.45 Lakhs in late 2025.
- Reported zero deviation or variation in the use of proceeds for the quarter ended December 31, 2025.
- Utilized ₹6,235 Lakhs out of an allocated ₹9,570 Lakhs for capital expenditure in wholly-owned subsidiaries.
- Deployed ₹2,955.02 Lakhs for working capital requirements and ₹3,006.51 Lakhs for general corporate purposes.
- The second preferential issue of ₹431.25 Lakhs has been fully utilized for ongoing project working capital.
Vintage Coffee reported a strong Q3 FY26 with consolidated revenue growing 71% YoY to ₹1,505 million and PAT increasing 54% to ₹191 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 ₹1,505 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 ₹512 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 ₹150.52 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 ₹19.11 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 ₹150.52 crore in Q3FY26.
- Net Profit increased by 122% YoY to ₹19.11 crore; Operating Profit rose 147% to ₹27.64 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 ₹150.52 crore. Profit After Tax (PAT) for the quarter rose 53% to ₹19.11 crore, while the nine-month performance showed even stronger momentum with PAT surging 109% to ₹51.18 crore. The company is on track to expand its capacity to 11,000 MTPA by the end of FY26. Additionally, a massive ₹1,100 crore greenfield project in Telangana is underway, focusing on premium freeze-dried coffee to drive future growth.
- Q3 FY26 Revenue grew 71% YoY to ₹150.52 Cr; Operating Profit rose 83% to ₹27.64 Cr.
- 9M FY26 PAT surged 109% YoY to ₹51.18 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 ₹1,100 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 ₹150.52 crore, an 88% increase compared to ₹80.10 crore in the same quarter last year. Consolidated Net Profit (PAT) for the quarter rose significantly to ₹19.11 crore from ₹12.46 crore in Q3 FY25. For the nine-month period ended December 2025, the company's PAT more than doubled to ₹51.19 crore compared to ₹24.51 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 ₹150.52 crore in Q3 FY26
- Consolidated Net Profit (PAT) increased by 53.4% YoY to ₹19.11 crore
- 9M FY26 Consolidated PAT surged 108.8% to ₹51.19 crore from ₹24.51 crore YoY
- Consolidated EPS improved to ₹1.31 in Q3 FY26 from ₹1.01 in the year-ago period
- Total Consolidated Revenue for 9M FY26 reached ₹391.73 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 ₹150.52 crore. The consolidated net profit for the quarter rose to ₹19.11 crore from ₹12.46 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 ₹51.19 crore compared to ₹24.51 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 ₹150.52 crore in Q3 FY26.
- Consolidated Net Profit increased by 53.4% YoY to ₹19.11 crore for the quarter.
- Nine-month consolidated PAT surged 108.8% YoY to ₹51.19 crore from ₹24.51 crore.
- Quarterly Earnings Per Share (EPS) improved to ₹1.31 from ₹1.01 in the year-ago period.
- Total consolidated expenses for the quarter stood at ₹128.80 crore, with raw material costs accounting for ₹110.25 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.
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.