Vintage Coffee and Beverages Ltd bags orders from Russia and CIS countries

The instant coffee manufacturer Vintage Coffee And Beverages Ltd has bagged orders worth Rs 21 crore to export Instant Coffee to Russia and other CIS countries. These new orders will improve the order book position to Rs 61 crore.

"We are happy to announce that we have bagged export orders worth Rs 21 crore to Russia and other CIS countries. This would not only boost our order book position to Rs 61 crore but also help us to leverage our position in the fast-growing instant coffee market," according to Mr Balakrishna Tati, Managing Director, Vintage Coffee And Beverages Ltd.

The other group companies of Vintage Coffee And Beverages Ltd are in advance stage of finalisation of orders with European and West African customers for supply of consumer packs which may improve the turnover further significantly.

Since coffee consumption in India is increasingly growing post pandemic and the younger generation is more inclined towards coffee usage, the company along with its group companies are keen to launch coffee products in Soluble, Roast, and Ground forms. This is expected to improve the company's outlook both on domestic on international front.

Mr Balakrishna Tati has over 29 years of experience in the Coffee Industry. He fully understands the consumer needs, especially in retaining aroma and taste. He has incorporated these elements in the company which has the state-of-the-art equipment such as Probat Group Roaster, 100% automated extraction system and-enhanced aroma recovery system to ensure mass customization.

Shares of Vintage Coffee and Beverages Ltd was last trading in BSE at Rs. 56.25 as compared to the previous close of Rs. 54.65. The total number of shares traded during the day was 80118 in over 247 trades.

The stock hit an intraday high of Rs. 57.60 and intraday low of 54.00. The net turnover during the day was Rs. 4477707.00.

Source : Equity Bulls

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