Vintage Coffee and Beverages Ltd has informed the Exchange that it bagged orders worth ₹21 crore to export instant coffee to Russia and other CIS countries.
The new orders will boost the order book position to ₹61 crore and help the company leverage its position in the fast-growing instant coffee market, managing director Balakrishna Tati said. Other group companies of Vintage Coffee and Beverages are in an advanced stage of finalisation of orders with European and West African customers for
supply of consumer packs, the company said in a press communique.
Vintage Coffee and Beverages is a holding company of Vintage Coffee, a 100% export oriented unit incorporated in 2015 in Hyderabad. Its instant coffee plant in Mahbubnagar district, on 23 acres, was commissioned in 12 months. The 1.50 lakh sq.ft. factory is equipped with the latest technology to manufacture both spray dried and agglomerated
instant coffee, the company said.
The company has a State of the art technology to produce high quality of coffee.
Vintage said, in association with group companies, it is keen on launching coffee products in soluble, roast and ground forms. The move is being considered in the backdrop of coffee consumption in India increasing post pandemic and the younger generation being more
inclined towards coffee.
Meanwhlile, net profit of Vintage Coffee & Beverages rose 3000% to Rs 0.31 cr.in the quarter ended September 2022 and Sales rose 3283% to Rs 9.88 crore in the quarter ended September 2022.
The company has taken care to set up the plant with some unique features and advanced technologies such as Probat profile roasting & automated extraction system, and most advanced enriched Aroma recovery system. Another unique feature of the plant is that it has zero percent (0%) discharge and water recovery of 60%. The Company provides employment to around 250-300 people in the region, directly or indirectly.