Transcripts of the Earnings Conference Call on Un-audited Financial Results of the Company for the quaretr and half year ended 30.09.2026

To, Date: 11.11.2026 BSE Limited, National Stock Exchange of India Limited, P.J. Towers, Dalal Street, Exchange Plaza, Bandra- Kurla Complex, Mumbai-400001 Mumbai 400051 Scrip Code: 538920 Symbol: VINCOFE Sub: Transcript of the Earnings Conference Call on Un-audited Financial Results of the Company for the quarter and half year ended September 30, 2026 Unit: Vintage Coffee and Beverages Limited Dear Sir/ Madam, In continuation to our Letter dated 04.11.2026 and pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the Earnings Conference Call on the un-audited financial results of the Company for the quarter and half year ended September 30, 2026. The transcript is also available on the website of the Company at https://vcbl.coffee/. This is for the information and records of the Exchanges, please. Thanking you. Yours sincerely, For Vintage Coffee and Beverages Limited Balakrishna Tati Chairman & Managing Director DIN: 02181095 Encl: as above “Vintage Coffee & Beverages Limited Q2 FY27 Earnings Conference Call” November 04, 2026 MANAGEMENT: MR. BALAKRISHNA TATI – CHAIRMAN AND MANAGING DIRECTOR – VINTAGE COFFEE & BEVERAGES LIMITED MR. SAI TEJA TATI – EXECUTIVE DIRECTOR – VINTAGE COFFEE & BEVERAGES LIMITED MR. KRANTHI KUMAR YARKALI – CHIEF FINANCIAL OFFICER – VINTAGE COFFEE & BEVERAGES LIMITED MR. JAWAHAR CONJEEVARAM – HEAD, SALES & MARKETING – VINTAGE COFFEE & BEVERAGES LIMITED MODERATOR: MR. NANDU – NUVAMA WEALTH MANAGEMENT LIMITED Page 1 of 21 Vintage Coffee & Beverages Limited November 04, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Vintage Coffee and Beverages Q2 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touch-tone phone. Thank you. Over to you, Mr. Nandu. Nandu: Thank you, and good evening, everyone. On behalf of Nuvama Wealth, I welcome you all to today's call. I thank the management of Vintage Coffee and Beverages Limited for the opportunity to host their Q2 FY27 Earnings Call. From the management team, we have with us today, Mr. Balakrishna Tati, the Chairman and MD; Mr. Sai Teja Tati, Executive Director; Mr. Kranthi Kumar Yarkali, the CFO; and Mr. Jawahar Conjeevaram, the Head of Sales and Marketing. I will now hand over the call to Mr. Balakrishna Tati to take us through the quarter. Thank you, and over to you, sir. Balakrishna Tati: Thank you. Good evening, everyone. Welcome to Q2 FY27 Earnings Conference Call of Vintage Coffee and Beverages Limited. With me, Sai Teja, ED; Jawahar, Head of Sales and Marketing; Kranthi Kumar, CFO, is here. First of all, I would like to thank all our investors, analysts and stakeholders for joining us today for their continued trust and support. It gives me a great pleasure to express that another strong quarter with the company continuing to deliver healthy revenue growth supported by increasing operating scale and sustained business momentum. Just to begin with a brief overview of our financial performance for the quarter 2 and the first half of FY27. Financial performance- Q2 FY27 was another very strong quarter for the company with revenue from operations increasing by 64.4% year-on-year and 38.5% sequentially to INR222.97 crores compared to INR135.61 crores in Q2 FY26. Our gross margin stood at 27.6%, reflecting an improvement of 293 basis points over the corresponding quarter last year, although it moderated by 133 basis points on a sequential basis. EBITDA increased by 88.8% year-on-year and 33.5% quarter-on-quarter to INR42.16 crores compared to INR22.33 crores in Q2 FY26. EBITDA margin improved by 244 basis points year- on-year to 18.9%, demonstrating improving operating profitability. Profit after tax grew by 57.3% year-on-year and 34.9% sequentially to INR28.06 crores compared to INR17.83 crores in the corresponding quarter last year. PAT margin stood at 12.6%. The effective tax rate for the quarter was 26.1%. H1 FY27 performance: Page 2 of 21 Vintage Coffee & Beverages Limited November 04, 2026 Looking at the first half of FY27, the company has maintained its strong growth trajectory. Revenue from operations increased by 61.9% year-on-year to INR383.97 crores. Gross margin improved by 266 basis points to 28.1% and while EBITDA grew by 82.7% to INR73.74 crores. EBITDA margin expanded by 219 basis points to 19.2%. Profit after tax increased by 52.3% to INR48.85 crores compared to INR32.07 crores in H1 FY26. PAT margin stood at 12.7%. The effective tax rate for the first half was 25.8% compared to 9.3% in the corresponding period last year. Overall, the first half performance shows good growth, which indicates the company's business moving with sustainability and improved gross profitability and strong EBITDA expansion. Business and strategic developments: On the operational front, we continue to focus on optimizing our expanded manufacturing facility as well as by improving operational efficiency. As communicated earlier, the company has enhanced its installed production capacity to 11,000 metric tons per annum, following the commissioning of an additional 4,500 metric tons of capacity during end of March 2026. This expanded capacity provides us with a strong manufacturing base to cater to increasing customer requirements and support our future growth ambitions. With respect to our proposed freeze-dried coffee expansion, we are working hard to ensure the completion of the 5,500- metric-ton FDC project well within the next year, and all required payments are being made for the major and critical equipment coming from Europe and other countries. Also, I would like to remind you all that once FDC production commences, the total production capacity of the plant will increase from 11,000 metric tons to 16,500 metric tons per annum, significantly strengthening our position in the instant coffee segment. We also continue to focus operational synergies following amalgamation of our wholly owned subsidiaries, Vintage Coffee Private Limited and Delecto Foods Private Limited with the parent company. The consolidation is likely to support better resources utilization, streamlining operations and create better efficiencies across the business. The company is currently generating positive operating cash flows in FY26 and has continued this positive momentum, generating INR 51.16 crores during H1 FY27, supported by enhanced capacity, sustained profit growth and improved working capital management. I am also pleased to inform you that 1.3 crore promoter shares, which were pledged with Punjab National Bank as security against the long-term borrowings availed for setting up the factory, representing 50% of the total pledged shares, were successfully released during Q2. This is a significant positive development, reflecting the company's improved financial position and the promoter's commitment to strengthening shareholders' confidence. I would also like to provide an outlook for the company and the coffee industry. Going forward, our focus remains on leveraging our expanded manufacturing capacity, strengthening customer Page 3 of 21 Vintage Coffee & Beverages Limited November 04, 2026 relationships, improving operational efficiencies and executing our planned capacity expansion initiatives. We remain committed to disciplined capital allocation, maintaining healthy profitability and creating sustainable long-term value for our shareholders. Before concluding, I would like to highlight that the comparative financial figures for the corresponding previous-year period are not strictly like-for-like, as the amalgamation has been accounted for from the appointed date of October 1, 2025, whereas the corresponding prior-year figures have not been restated. Thank you onc [Showing first 8,000 characters — download PDF for full document]