Vintage Coffee and Beverages Limited Reports Record Turnover Growth of 138% Year-on-Year Q2 FY 2024-25

Mumbai [Maharashtra] [India] November 6: Vintage Coffee and Beverages Limited (VCBL), a prominent leader in the coffee industry, has announced remarkable financial results for the second quarter and first half of FY 2024-25, alongside a historic decision to merge its two wholly-owned subsidiary manufacturing companies to enhance operational efficiency and broaden its market reach.

Key Highlights:

• Revenue Growth:
  • Q2 FY 2024-25 Turnover increased to Rs. 71.55 Crores, up 64% from Q1 and 138% from Q2 FY 2023-24.
  • First Half-Year Turnover rose from Rs. 51.01 Crores in FY 2023-24 to Rs. 115.23 Crores in FY 2024-25, marking a 126% increase year-on-year.
• Profit After Tax (PAT) Increase:
  • Q2 FY 2024-25 PAT reached Rs. 7.51 Crores, a 65% increase from Q1 and a remarkable 214% from Q2 FY 2023-24.
  • First Half-Year PAT increased from Rs. 4.09 Crores in FY 2023-24 to Rs. 12.05 Crores in FY 2024-25, representing a 194% year-on-year growth.
• Debt Equity Ratio:
  • The Debt Equity Ratio improved from 0.61 in Q2 FY 2023-24 to 0.35 in Q2 FY 2024-25, reflecting a stronger balance sheet.

In a strategic move to enhance operational capabilities, VCBL has approved the merger of its subsidiaries, Vintage Coffee Private Limited (EOU) and Delecto Foods Private Limited (EOU), into Vintage Coffee and Beverages. This merger aims to streamline operations and expand the company’s global presence across new market segments.