Latest news with #BalakrishnaTati
Yahoo
3 days ago
- Business
- Yahoo
India's Vintage Coffee and Beverages to raise funds for new plant
Vintage Coffee and Beverages Limited plans to raise Rs2.15bn ($25.1m) through equity shares and convertible warrants to fund a new plant. In a stock exchange filing, Vintage Coffee and Beverages said its board of directors has approved issuing up to 15 million equity shares and 2.4 million convertible warrants on a preferential basis. The company aims to increase its spray-dried and agglomerated coffee capacity to 11,000t per annum by 31 March 2026, up from the current 6,500t per annum. Vintage Coffee and Beverages said the funds will support the establishment of a 5,000t per annum freeze-dried coffee plant, enabling it to 'capture volume share in the premium coffee segment'. The investment will also support the expansion across South-East Asia, Latin America, the Middle East, Europe and west Africa. The Hyderabad-based group said it expects the issue to 'bring on board high quality and marquee shareholders of scale and repute'. Balakrishna Tati, the chairman and managing director of Vintage Coffee and Beverages, said the group 'remains at the forefront to capture the global coffee demand backed by quality, service and product innovation'. 'The proposed preferential issue will support VCBL's growth through FY26-FY28. I am thankful to all investors and stakeholders for supporting us in this journey ahead,' he added. Vintage Coffee and Beverages markets products under the Vintage, Filco, Velox and Intulin brands. For the financial year ending 31 March, the company reported revenue of Rs3.08bn and an operating profit of Rs501.4m, up 135% and 139% respectively over the previous year. Profit after tax for FY25 increased to Rs401.5m, a 235% growth over the prior year. "India's Vintage Coffee and Beverages to raise funds for new plant" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Business Standard
3 days ago
- Business
- Business Standard
Vintage Coffee to raise Rs 215.76 crore via preferential allotment of equity shares & warrants
Vintage Coffee and Beverages (VCBL) said that its board has approved the issuance of up to 1.50 crore equity shares and 24 lakh convertible warrants on a preferential basis aggregating to Rs 215.76 crore. This preferential issue is subject to necessary approvals, including from the companys shareholders. The company stated that the proposed issue will bring on board high quality and marquee shareholders of scale and repute. The funds from this issue, if approved, will help the company to set up 5,000 MTPA green field plant of freeze-dried coffee and capture volume share in the premium coffee segment. The company expects to increase spray dried and agglomerated coffee capacity up to 11,000 MTPA by 31 March 2026 from current capacity of 6,500 MTPA. The freeze-dried coffee plant of approximately 5,000 MTPA would be additional to the 11,000 MTPA capacity for the spray dried and agglomerated segment. Balakrishna Tati, chairman and managing director of Vintage Coffee and Beverages, said: VCBL remains at the forefront to capture the global coffee demand backed by quality, service and product innovation. The proposed preferential issue of shares will bring marquee institutional investors of repute demonstrating confidence in companys products and growth prospects. The proposed preferential issue will support VCBL's growth through FY26-FY28." Vintage Coffee and Beverages (VCBL) is engaged in the business of manufacturing and exporting instant coffee, instant chicory and a range of other beverages. With a strong foothold in private labeling, it offers bespoke solutions that cater to diverse customers' needs. The company had reported a consolidated net profit of Rs 15.64 crore in the quarter ended March 2025 as against Rs 4.30 crore during the previous quarter ended March 2024. Revenue jumped to Rs 105.14 crore in Q4 FY25 from Rs 42.39 crore in Q4 FY24. The scrip declined 3.31% to currently trade at Rs 137.10 on the BSE.
Business Upturn
02-06-2025
- Business
- Business Upturn
Vintage Coffee launches Natural Liquid Coffee to meet growing global demand
By Aman Shukla Published on June 2, 2025, 10:15 IST Vintage Coffee and Beverages Limited (VCBL) announced the launch of Natural Liquid Coffee by its subsidiary, Vintage Coffee Private Limited (VCPL). This exciting new product enhances VCBL's current offerings of Spray-Dried and Agglomerated Instant Coffee, adding a versatile solution to its coffee portfolio. The introduction of Liquid Coffee comes in response to the rising global demand, especially across Southeast Asian markets, where there is a growing preference for ready-to-use and innovative coffee formats. This new segment is expected to significantly contribute to volume growth with the company's upcoming capacity expansion. Balakrishna Tati, Chairman and Managing Director of VCBL, stated, 'At Vintage Coffee, we constantly monitor market trends to deliver high-quality, value-driven products. Our Natural Liquid Coffee is a potent, cost-effective coffee base that retains the rich flavor and caffeine content of traditional coffee. It enables cafes, restaurants, and beverage makers to easily craft a wide variety of hot and cold coffee beverages.' Designed for convenience and flavor consistency, Natural Liquid Coffee is an ideal choice for businesses aiming to serve premium coffee experiences with minimal preparation time. With this launch, VCBL strengthens its position as a forward-looking player in the global coffee market, committed to innovation and excellence. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
09-05-2025
- Business
- Time of India
Vintage Coffee reports over 3-fold jump in Q4 net profit
HighlightsVintage Coffee and Beverages reported a net profit of Rs 15.46 crore for the fourth quarter of the fiscal year 2024-25, marking a more than threefold increase from Rs 4.30 crore in the same quarter last year. Total revenue for Vintage Coffee and Beverages surged to Rs 105.14 crore in the quarter ending March 2025, up from Rs 42.39 crore in the previous year. For the entire fiscal year 2024-25, Vintage Coffee and Beverages achieved a net profit of Rs 40.15 crore, significantly up from Rs 11.98 crore in the prior year, reflecting successful execution of their growth strategy. Vintage Coffee and Beverages on Thursday reported a more than threefold jump in net profit to Rs 15.46 crore for the fourth quarter of 2024-25 on strong sales. Its net profit stood at Rs 4.30 crore in the year-ago period, according to a regulatory filing. Total revenue rose sharply to Rs 105.14 crore during the quarter ending March 2025 from Rs 42.39 crore in the year-ago. For the 2024-25 fiscal, the net profit rose more than threefold to Rs 40.15 crore from Rs 11.98 crore in the previous year. Vintage Coffee and Beverages' chairman and managing director Balakrishna Tati said the company has achieved "record revenues and profitability" during FY25. "This performance reflects the solid execution of our growth strategy, expansion of manufacturing capacity, and increasing acceptance of our brand in domestic and international markets ," he added.
Time of India
08-05-2025
- Business
- Time of India
Vintage Coffee reports over 3-fold jump in Q4 net profit
New Delhi: Vintage Coffee and Beverages on Thursday reported a more than threefold jump in net profit to Rs 15.46 crore for the fourth quarter of 2024-25 on strong sales. Its net profit stood at Rs 4.30 crore in the year-ago period, according to a regulatory filing. Total revenue rose sharply to Rs 105.14 crore during the quarter ending March 2025 from Rs 42.39 crore in the year-ago. For the 2024-25 fiscal, the net profit rose more than threefold to Rs 40.15 crore from Rs 11.98 crore in the previous year. Vintage Coffee and Beverages' chairman and managing director Balakrishna Tati said the company has achieved "record revenues and profitability" during FY25. "This performance reflects the solid execution of our growth strategy, expansion of manufacturing capacity, and increasing acceptance of our brand in domestic and international markets," he added.
