Vintage Coffee and Beverages Limited (VCBL) has revealed ambitious plans to expand its coffee industry presence globally. It has announced several strategic initiatives aimed at strengthening production capacity, expanding its market presence and providing added value to consumers.
Balakrishna Tati, Chairman and Managing Director of Vintage Coffee and Beverages Limited, said, “VCBL remains committed to delivering excellence in quality and service while spearheading innovation and expansion in the global coffee market. We are excited about the journey ahead and look forward to continued success and growth.”
With the demand for coffee growing globally, VCBL has made a strategic decision to increase its production capacity by 2,000 tons in order to reach an annual capacity of 6,500 tons. The installation process for this additional capacity will begin in the coming months and is expected to be completed by the end of Q25. VCBL also aims to increase the current capacity utilization rate of 4,500 MTPA to 100% by the end of Q2 2025 from 52% in Q3 2024. Proceeds from the ongoing issue of preference shares would help the company meet its working capital needs to increase the current utilization rate and implement the necessary undressing.
By expanding the production capacity of the abandoned fields, VCBL can raise its daily output from 13 tons to 18 tons by early next year. Due to the increased capacity, VCBL is changing its sales strategy to focus on offering value-added products under different brands with strict certifications.
Additionally, VCBL plans to introduce modern automated packing lines to ensure safe and efficient container release. They are pleased to announce that VCBL has secured significant contracts in the Middle East, Europe, Russia and West Africa. VCBL intends to expand its presence in West Africa and Russia by targeting emerging markets.
In the Indian market, VCBL is interested in entering specific segments such as e-commerce, HoReCa, and retail space. By implementing these strategic initiatives, revenues are expected to grow by an additional 150 percent by the end of fiscal year 2025.
