Manufactures and exports instant coffee and chicory, with FY26 revenue of ₹553.0 crore (+79.3% YoY) and PAT of ₹72.2 crore, earning a 19.4% EBITDA margin and 13.1% net margin. Operates a single business segment covering trading, manufacturing and export of instant coffee and chicory. A brownfield expansion lifted production capacity from 6,500 MT to 11,000 MT, fully operational from Q1 FY27, and a 5,500 MT freeze-dried coffee (FDC) plant is set to commission by Q2 FY28, taking total capacity to 16,500 MT. Sales are heavily export-oriented and diversified by geography — Africa 31%, CIS/Russia 22%, SE Asia 22%, Americas/Europe 18%, with local India at only 5%. The customer base is concentrated: ~19-20 global buyers, with the top 5-6 contributing 45-50% of revenue. Product mix is shifting from ~53% consumer packs in FY26 toward a targeted 60% packs / 40% bulk in FY27 to lift realisation. Raw materials (coffee beans and chicory) are the dominant cost at 74.7% of revenue, with pricing on a cost-plus basis; capex of ₹156.9 crore (28.4% of revenue) is funding the ongoing FDC build-out. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Instant coffee and chicory (manufacturing and export) (100%). Asset-heavy, export-oriented instant coffee manufacturer in a capacity-ramp-up phase
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 37 | 63 | 131 | 309 | 553 |
| EBITDA (ex other income) | (4) | 15 | 25 | 53 | 100 |
| margin % | (12.2) | 24.5 | 19.2 | 17.2 | 18.0 |
| Owners' profit | 0 | 0 | 12 | 0 | 72 |
| EPS, as reported (₹) | (1.76) | 0.55 | 0.11 | 3.19 | 4.96 |
| ROE % · ROCE % | (11.7) · (3.9) | 3.6 · 5.9 | 7.2 · 8.5 | 13.3 · 13.9 | 12.7 · 15.5 |
| Debt / equity (x) | 1.05 | 0.94 | 0.58 | 0.27 | 0.22 |
| Cash from operations | (77) | 5 | (44) | (26) | 15 |
| Capex | (84) | (0) | (2) | (9) | (157) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 72 | 88 | 105 | 102 | 136 | 151 | 165 | 161 |
| Profit before tax | 8 | 14 | 17 | 16 | 20 | 25 | 28 | 28 |
| Net profit | 8 | — | 16 | 14 | 18 | 19 | 21 | 21 |
| EPS (₹) | 0.06 | 1.01 | 1.24 | 1.09 | 1.23 | 1.31 | 1.44 | 1.43 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSUMER PRODUCT LTD | 98,069 | 60.0 | 4.23 | 33.1 | 6.7 | 7.8 | 11.8 | 14.9 |
| CCL PRODUCTS (I) LTD | 14,354 | 33.1 | 6.12 | 20.8 | 16.6 | 16.2 | 29.1 | 16.4 |
| VINTAGE COFFEE N BVRGS L ◆ | 2,549 | 32.3 | 4.48 | 24.1 | 12.7 | 14.0 | — | 20.6 |
| ANDREW YULE & CO. LTD. | 1,275 | 21.6 | 3.92 | — | (5.9) | (9.5) | (2.2) | (44.3) |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Prospective investor Burman Capital to visit VINCOFE plant on Sep 16 | board shareholder meetings | low | — | — |
| 9 Sept 2026 · Newspaper publication of 46th AGM notice | compliance | minimal | — | — |
| 7 Sept 2026 · Vintage Coffee files Annual Report for FY26 with strong growth | results | high | — | — |
| 7 Sept 2026 · Vintage Coffee 46th AGM on Sep 30 - dividend, warrants, ESOS, pay hike | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Board approves auditor, CMD re-appointment, ESOP and promoter warrants | management changes | medium | — | — |
| 4 Sept 2026 · Record date fixed at 23 Sep 2026 for final dividend FY26 | corporate actions | high | — | — |
| 4 Sept 2026 · Board clears office shift, 42L warrants at Rs 164 to promoters, ESOP plan | general | low | — | — |
| 4 Sept 2026 · Board approves preferential warrants, ESOP, CMD reappointment and auditor change | general | low | — | — |
| 31 Aug 2026 · VCBL launches Roast and Ground Coffee segment targeting US and Europe | business updates | medium | — | — |
| 19 Aug 2026 · Monitoring agency flags 12.05 crore land use deviation | fund raising | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| GOODRICKE GROUP LTD. | 474 | 5.6 | 1.56 | — | 8.4 | 5.0 | — | (22.7) |
| THE P K TEA PROD CO LTD | 348 | 64.5 | 1.82 | 29.5 | 2.8 | 3.2 | — | 50.0 |
| JAYSHREE TEA & INDUSTRIES | 268 | — | 0.68 | 21.4 | (6.3) | (5.1) | 3.0 | 4.9 |
| UNITED NILGIRI TEA LTD | 216 | 10.7 | 0.90 | — | 9.1 | 10.4 | — | 43.5 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 32.3 | 7.8 | 19 of 24 | 22% |
| P/B | 4.5 | 0.7 | 24 of 27 | 12% |
| ROCE | 14.0 | 3.0 | 3 of 26 | 92% |
| ROE | 12.7 | 2.3 | 4 of 27 | 89% |
| Debt / Equity | 0.2 | 0.2 | 14 of 27 | 50% |
| EBITDA margin | 20.6 | 11.9 | 10 of 26 | 64% |
| Revenue growth | 58.5 | 1.6 | 3 of 25 | 92% |
| Profit growth | 46.1 | 18.5 | 10 of 27 | 65% |
| Market cap | 2549 | 115 | 3 of 27 | 92% |
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| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
