Company Overview
Vintage Coffee and Beverages Limited (formerly Spaceage Products Limited) reported exceptional financial performance for FY 2025-26, with consolidated revenue growing 79.26% to ₹553.05 crore and profit after tax increasing 79.8% to ₹72.19 crore. The company demonstrated strong operational performance across both domestic and export markets, with export sales reaching ₹395.62 crore.
Financial Performance
Key financial metrics show robust growth: Revenue from Operations reached ₹553.05 crore (79.26% growth), Profit Before Tax stood at ₹88.89 crore (101.4% growth), and EBIDTA margin was maintained at 18.02%. The balance sheet strengthened with total assets increasing to ₹724.79 crore and cash equivalents rising significantly to ₹86.05 crore from ₹6.80 crore in FY25.
Corporate Actions & AGM
The company will hold its 46th Annual General Meeting on September 30, 2026, via video conferencing. Agenda items include declaration of a 1.5% final dividend (Re. 0.15 per share), reappointment of directors, appointment of new statutory auditors, and approval of an ESOP scheme for 30 lakh shares. Special business includes preferential issue of 42 lakh convertible warrants to promoters at ₹164 per warrant aggregating ₹68.88 crore.
Capital Structure & Expansion
Share capital increased from ₹125.68 crore to ₹145.69 crore through allotment of 2 crore equity shares during FY26. The company completed a 4,500 MT capacity expansion, taking total instant coffee capacity to 11,000 MT, and proposes a new 5,500 MT per annum freeze-dried coffee facility in Telangana.
Subsidiaries & Merger
Vintage Coffee Private Limited (FY26 revenue: ₹359.25 crore, PAT: ₹49.25 crore) and Delecto Foods Private Limited (FY26 revenue: ₹89.76 crore, PAT: ₹9.19 crore) performed strongly. The NCLT Hyderabad approved the merger of both subsidiaries with the holding company effective October 1, 2025, which is expected to optimize manufacturing facilities and reduce costs.
Regulatory Compliance & Borrowings
The company paid fines of ₹4 lakh each to BSE and NSE for delayed compliance with SEBI ICDR Regulations. Total borrowings increased to ₹123.63 crore, with secured bank loans rising significantly from ₹12.26 lakh to ₹136.06 lakh. The company maintains strong relationships with Kotak Mahindra Bank and Punjab National Bank.
Outlook & Strategic Initiatives
The company continues to focus on capacity expansion and operational efficiency. The pending merger with subsidiaries, preferential warrant issue, and ESOP scheme demonstrate management's commitment to growth and shareholder value creation while maintaining regulatory compliance.