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Earnings Call Transcript

Vintage Coffee And Beverages Earnings Call Transcript: Key Takeaways

Q2 revenue rose 64.4% YoY to ₹222.97 Cr and PAT 57.3% to ₹28.06 Cr, led by volume. Management deflected on equity dilution and the freeze-dried (FDC) start date, which slipped 1-2 months.

Vintage Coffee And Beverages Q2 FY27 concall: date, live audio and summaryConcall page →
Highlights
Revenue growth+64.4% YoY to ₹222.97 Cr; volume-led; +38.5% QoQ.
MarginsEBITDA margin 18.9%, +244 bps YoY; gross margin down 133 bps QoQ.
Order bookLetters of intent cover 100% of freeze-dried capacity; no ratio disclosed.
Demand visibilityCommitments for FDC capacity; Europe, US, SE Asia inquiries; 10,500 MT FY27 visibility.
Management confidenceOptimistic; deflects on fundraising and FDC timeline.

Growth

Revenue +64.4% YoY and +38.5% QoQ, mainly volume-led rather than price. EBITDA +88.8% YoY to ₹42.16 Cr, margin 18.9%.

Outlook

Freeze-dried 5,500 MT line expected from about Sept 2027, taking total capacity to 16,500 MT. No numeric FY27 guidance given.

Risks

FDC start slipped 1-2 months for ESG compliance; ₹325 Cr equity dilution uncertain; foreign-loan negative-pledge clause complicates Indian bank funding.

Last quarter's promises, checked

Delivered

  • Guided 70–80% FDC LOIs → LOIs cover 100% of FDC capacity (= BEAT)

Partly delivered

  • Guided FY27 revenue ₹850–900 Cr → Q2 ₹222.97 Cr, FY not closed (= PARTIAL)
  • Guided 10,500 MT FY27 volume → only visibility stated, no volume reported (= PARTIAL)
  • Guided 16,500 MT capacity → target intact, FDC line late (= PARTIAL)

Missed

  • Guided no further equity dilution → ₹325 Cr equity raise under evaluation (= MISS)
  • Guided FDC start ~Jul 2027 (Q2 FY28) → from ~Sept 2027, slipped 1–2 months (= MISS)
  • Guided EBITDA margin +0.5–1pp over Q1 → 18.9% (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: VINCOFE. Summary written with AI assistance from the document.

Read the document ↗

Vintage Coffee And Beverages Ltd: key numbers

Share price
₹166.16
Market cap
₹2,400 Cr
Revenue (annual)
₹316.6 Cr
Net profit (annual)
₹13.75 Cr
P/E (TTM)
63.8×Sector 46.8×
Promoter holding
35.01%+0.36% QoQ
FII holding
4.60%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Fund Raise

Vintage Coffee And Beverages Fund Raise of ₹325 Cr

Vintage Coffee and Beverages Limited's board approved raising funds up to Rs. 325 Crores through various securities. The board also enhanced borrowing and investment limits.

Value
₹325.0 Cr