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.
Mr. Tati Balakrishna, Chairman & Managing Director of Vintage Coffee and Beverages Ltd, commented, “We are excited with our growth trajectory, which reflects our commitment to excellence and innovation in the coffee industry. The merger of our subsidiaries will not only streamline our operations but also position us for strategic expansion into new markets. We remain dedicated to ethical sourcing and sustainable practices, ensuring that our customers continue to enjoy the finest coffee experience while we contribute positively to our communities.”
As Vintage Coffee and Beverages Limited moves forward, it remains committed to delivering exceptional coffee experiences while fostering sustainable growth and community support.
VCBL remains dedicated to sustainable practices, sourcing premium coffee beans ethically and using eco-friendly packaging. The company continues to prioritize customer service, setting a unique benchmark in the industry. As Vintage Coffee and Beverages Limited moves forward, it remains committed to delivering exceptional coffee experiences while fostering sustainable growth and community support.
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