Vintage Coffee And Beverages Limited
Incorporated in 1980, Vantage Coffee and Beverages Ltd manufactures and exports instant coffee and chicory
What Vintage files
- Others49
- Updates22
- Board Meeting19
- Important18
- Investor Meet17
- Dividend/Bonus4
Vintage Coffee (VCBL) launched a new Roast & Ground coffee segment, expanding its addressable market into premium products for the US & Europe. This targets the global R&G market, estimated at USD 101.75bn, aligning with its premiumisation strategy.
VINCOFE received approval for the merger of its wholly-owned subsidiaries, Vintage Coffee Pvt Ltd and Delecto Foods Pvt Ltd, into the parent company. This move simplifies the corporate structure.
Vintage Coffee reported Q1 revenue up 58% to ₹161 Cr, operating profit up 76% to ₹30.36 Cr, and PAT up 46% to ₹20.79 Cr. The company merged subsidiaries for efficiency and commenced a new 5,500 MTPA freeze-dried coffee plant project, boosting total capacity to 16,500 MTPA.
Vintage Coffee & Beverages (VINCOFE) secured NCLT approval to merge its wholly-owned subsidiaries. This corporate move aims for enhanced operational efficiency. VINCOFE will assume all outstanding liabilities, including a Rs 12.22 lakh income tax demand from one subsidiary.
Vintage Coffee allotted 8 lakh equity shares to promoter Tati Sai Teja for Rs 9.92 Cr, converting earlier issued warrants. This completes a capital infusion and increases promoter equity in the company.