Vintage Coffee & Beverages Limited (VCBL) has announced a substantial increase in its consolidated net profit for the second quarter, showcasing robust financial performance amid challenging market conditions.

Financial Highlights

The company reported a consolidated net profit of ₹17.83 crores for Q2, marking a significant 137% increase from ₹7.51 crores in the corresponding quarter of the previous year. This impressive growth underscores VCBL's strong market position and effective operational strategies.

Key Financial Metrics

To provide a clearer picture of Vintage Coffee's financial performance, here's a breakdown of key metrics:

Business Performance

The substantial increase in net profit can be attributed to several factors:

1. Revenue Growth: The company's revenue saw a significant year-over-year increase of 90%, rising from ₹71.56 crores to ₹135.61 crores.

2. Operational Efficiency: The operating profit surged by an impressive 120%, indicating improved operational efficiency and cost management.

3. Market Expansion: The substantial revenue growth suggests successful market expansion strategies and possibly increased market share.

Half-Year Performance

For the first half of the current fiscal year, VCBL reported equally impressive results:

• Revenue reached ₹237.22 crores, representing a 106% growth
• Operating profit was ₹38.61 crores, showing a 138% increase
• Profit After Tax (PAT) stood at ₹32.07 crores, demonstrating a remarkable 166% growth

Future Plans

Vintage Coffee & Beverages Limited has outlined expansion plans:

1. The company plans to add 4,500 MTPA spray dried and agglomerated capacity, which will increase the total capacity to 11,000 MTPA from the current 6,500 MTPA.

2. A greenfield freeze-dried coffee project with 5,000 MTPA capacity is in the pipeline. This project will be funded through a recent preferential equity issue.

3. Purchase orders for freeze-dried coffee plant equipment have been issued to a European manufacturer, representing approximately 70% of the total greenfield project cost.

Looking Ahead

As Vintage Coffee continues to demonstrate strong financial performance and implement expansion plans, investors and market analysts will likely keep a close watch on the company's future growth trajectory and its ability to maintain this momentum in the coming quarters.

The coffee industry remains competitive, and VCBL's ability to sustain this growth rate will depend on various factors, including market conditions, consumer preferences, and the successful execution of its expansion strategies.

Vintage Coffee & Beverages Limited, a prominent player in the beverage industry, has undergone a significant change in its shareholding structure following a preferential allotment of shares. The company's promoter group, led by Vishal Jethalia, has seen their collective stake decrease from 37.84% to 34.08%.

Shareholding Changes

The preferential allotment resulted in an increase in the company's equity share capital from Rs. 130.08 crore to Rs. 144.44 crore. The total number of equity shares rose from 13,00,83,409 to 14,44,38,409, each with a face value of Rs. 10.

Promoter Group Details

The promoter group of Vintage Coffee & Beverages Limited consists of ten entities:

1. Tati Balakrishna
2. Vishal Jethalia
3. Mohit Rathi
4. Padma Tati
5. Tati Sruti
6. Tati Sai Teja
7. Venkateshwarlu Tati
8. Tati Thulasi Dalaxi
9. Valbe Foods (India) Limited
10. Chin Corp Holding PTE Limited

Key Shareholding Changes

Warrants Allotment

As part of the preferential allotment, Vishal Jethalia received 2,00,000 warrants/convertible securities. These warrants represent approximately 0.14% of the total diluted share capital of the company.

Regulatory Compliance

The company has duly filed the required disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This filing was made to both the BSE Limited and the National Stock Exchange of India Limited, where the company's shares are listed.

Impact on Share Capital

Post-allotment, the total diluted share capital of Vintage Coffee & Beverages Limited stands at Rs. 147.59 crore, divided into 14,75,88,409 equity shares of Rs. 10 each.

This preferential allotment and the resulting change in promoter shareholding may have implications for the company's governance and future strategic decisions.