# FMCG - Coffee — company-by-company sector analysis

> FMCG - Coffee: CCL Products (India) Ltd owns the largest revenue base; Vintage Coffee & Beverages Ltd has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-08-20. Not investment advice.

## Bottom line

FMCG - Coffee has outperformed NIFTY 500 by 12.5% over 52 weeks and 4.4% over 13 weeks. 1 of 2 covered companies beat NIFTY on Mansfield relative strength, while 1 of 2 beat the sector itself. CCL Products (India) Ltd leads with revenue of ₹4,602 crore, based on 2 of 2 comparable companies through Jun 2026.

## Sector relative strength

FMCG - Coffee has outperformed NIFTY 500 by 12.5% over the last 52 weeks. Over 13 weeks the gap is a lead of 4.4%. 1 of 2 covered companies currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is selective. CCL Products (India) Ltd is the strongest against the sector itself at +6.1%.

13-week sector return versus NIFTY 500: 4.4%
52-week sector return versus NIFTY 500: 13%
Stocks leading NIFTY: 1/2
Stocks leading sector: 1/2

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 2
Combined market value: ₹17.3K Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Vintage Coffee & Beverages Ltd (VINCOFE): 65/100 — Favorable setup; evidence 91%
   - Growth & earnings 28.7/35 | Capital efficiency 15.2/25 | Valuation 17.1/20 | Relative strength 4.4/20
   - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 7 of 10 weeks with a reading, within the last 12
   - Exact sum: 28.7 + 15.2 + 17.1 + 4.4 = 65.4
   - Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -11.6% and the one-year return is 4.3%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
2. CCL Products (India) Ltd (CCL): 65/100 — Mixed-positive evidence; evidence 97%
   - Growth & earnings 32.0/35 | Capital efficiency 13.6/25 | Valuation 5.2/20 | Relative strength 14.0/20
   - Price stage: FADING — Was leading by 5% or more four weeks ago and is not now.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 2 of the last 12 weeks
   - Exact sum: 32 + 13.6 + 5.2 + 14 = 64.8
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

## Market action

CCL Products (India) Ltd has the strongest one-year price move in FMCG - Coffee at +31.1%. It also leads on Mansfield relative strength against NIFTY at +8.9%. 1 of 2 covered companies is above zero on that measure. Every line covers 313 weekly closes through 2026-08-14.

### Strongest one-year price performers
1. CCL Products (India) Ltd (CCL): 31%
2. Vintage Coffee & Beverages Ltd (VINCOFE): 4.3%

### Strongest relative strength versus NIFTY 500
1. CCL Products (India) Ltd (CCL): 8.9%
2. Vintage Coffee & Beverages Ltd (VINCOFE): -2.2%

## FMCG - Coffee — the story behind the numbers

This is the written read behind the FMCG - Coffee figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 17 Apr 2026, so the words are older than the numbers. 2 themes are live here, 1 of them rated high severity.

CCL Products demonstrated a clear BEAT in Q3 FY26, driven by 20% volume growth and improved capacity utilization of 65% to 70%. The upward revision in EBITDA growth guidance to 25% highlights the positive trajectory.

The FMCG - Coffee sector, analyzed through the performance of CCL Products (India) Ltd, reflects an IMPROVING demand environment for Q3 FY26. CCL delivered a BEAT on its guidance, reporting a turnover of INR 1,053 crores, which represents a 38% year-on-year increase. This revenue expansion was fueled by a combination of 20% volume growth and 18% to 20% value growth.

How old this read is: STALE — this read comes from our FMCG - Coffee sector brief dated 17 Apr 2026, about 4 months ago. The page says so rather than dressing it up, and a fresh sector dive replaces it the day it runs.

### Live themes, worst first
- HIGH | Green coffee prices remain volatile in the range of INR 3,600 to INR 4,000 levels. | Cost-plus model ensures EBITDA per kg remains intact despite price fluctuations. | quoted: "green coffee prices... remain in the range of INR3,600 to INR4,000 levels. We'll have to wait and watch" | named for CCL
- LOW | Exposure to currency fluctuations, though largely mitigated by natural hedging. | Natural hedge through imports and exports; net exporter status provides slight gain on depreciation. | quoted: "we have a natural hedge sort of thing. Most of our imports -- most of our raw material procurement happens only from -- most of our imports" | named for CCL

Sources: our FMCG - Coffee sector brief, 17 Apr 2026 · company earnings-call transcripts.

## Revenue Scale & Growth Durability

What the numbers say: CCL Products (India) Ltd is the scale leader at ₹4,602 crore, 650.7% ahead of Vintage Coffee & Beverages Ltd. Vintage Coffee & Beverages Ltd's growth is 67% from a ₹613 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: CCL Products (India) Ltd is the scale benchmark; Vintage Coffee & Beverages Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: CCL Products (India) Ltd's growth falls below Vintage Coffee & Beverages Ltd's for two consecutive comparable reports while operating margin also compresses.

Evidence: CCL Products (India) Ltd · ₹4,602 crore | 650.7% versus #2 · Vintage Coffee & Beverages Ltd | 8/8 recent comparable periods | 2/2 companies · 40 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. CCL Products (India) Ltd (CCL): ₹4.6K Cr
2. Vintage Coffee & Beverages Ltd (VINCOFE): ₹613 Cr

### Revenue growth — fastest growers
1. Vintage Coffee & Beverages Ltd (VINCOFE): 67%
2. CCL Products (India) Ltd (CCL): 36%

### 20-quarter Revenue history
- CCL: Sep 2021 ₹337 Cr | Dec 2021 ₹424 Cr | Mar 2022 ₹379 Cr | Jun 2022 ₹510 Cr | Sep 2022 ₹507 Cr | Dec 2022 ₹535 Cr | Mar 2023 ₹520 Cr | Jun 2023 ₹655 Cr | Sep 2023 ₹608 Cr | Dec 2023 ₹664 Cr | Mar 2024 ₹727 Cr | Jun 2024 ₹773 Cr | Sep 2024 ₹738 Cr | Dec 2024 ₹758 Cr | Mar 2025 ₹836 Cr | Jun 2025 ₹1.1K Cr | Sep 2025 ₹1.1K Cr | Dec 2025 ₹1.1K Cr | Mar 2026 ₹1.2K Cr | Jun 2026 ₹1.2K Cr
- VINCOFE: Sep 2021 ₹13 Cr | Dec 2021 ₹7 Cr | Mar 2022 ₹16 Cr | Jun 2022 ₹11 Cr | Sep 2022 ₹15 Cr | Dec 2022 ₹19 Cr | Mar 2023 ₹19 Cr | Jun 2023 ₹21 Cr | Sep 2023 ₹30 Cr | Dec 2023 ₹38 Cr | Mar 2024 ₹42 Cr | Jun 2024 ₹44 Cr | Sep 2024 ₹72 Cr | Dec 2024 ₹88 Cr | Mar 2025 ₹105 Cr | Jun 2025 ₹102 Cr | Sep 2025 ₹136 Cr | Dec 2025 ₹151 Cr | Mar 2026 ₹165 Cr | Jun 2026 ₹161 Cr

### 20-quarter Revenue growth history
- CCL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 56% | Sep 2022 50% | Dec 2022 26% | Mar 2023 37% | Jun 2023 28% | Sep 2023 20% | Dec 2023 24% | Mar 2024 40% | Jun 2024 18% | Sep 2024 21% | Dec 2024 14% | Mar 2025 15% | Jun 2025 37% | Sep 2025 53% | Dec 2025 39% | Mar 2026 46% | Jun 2026 14%
- VINCOFE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 15% | Dec 2022 171% | Mar 2023 19% | Jun 2023 91% | Sep 2023 100% | Dec 2023 100% | Mar 2024 121% | Jun 2024 110% | Sep 2024 140% | Dec 2024 132% | Mar 2025 150% | Jun 2025 132% | Sep 2025 89% | Dec 2025 72% | Mar 2026 57% | Jun 2026 58%

## Operating Economics & Margin Trend

What the numbers say: Vintage Coffee & Beverages Ltd leads both opm at 20% and margin change at +2 percentage points.

Investor read: Vintage Coffee & Beverages Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: Vintage Coffee & Beverages Ltd · 20% | 25% versus #2 · CCL Products (India) Ltd | 4/8 recent comparable periods | 2/2 companies · 40 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. Vintage Coffee & Beverages Ltd (VINCOFE): 20%
2. CCL Products (India) Ltd (CCL): 16%

### Margin change — fastest expanders
1. Vintage Coffee & Beverages Ltd (VINCOFE): +2.0 pp
2. CCL Products (India) Ltd (CCL): +1.0 pp

### 20-quarter OPM history
- CCL: Sep 2021 24% | Dec 2021 22% | Mar 2022 22% | Jun 2022 17% | Sep 2022 19% | Dec 2022 19% | Mar 2023 22% | Jun 2023 16% | Sep 2023 18% | Dec 2023 17% | Mar 2024 16% | Jun 2024 17% | Sep 2024 19% | Dec 2024 16% | Mar 2025 20% | Jun 2025 15% | Sep 2025 18% | Dec 2025 18% | Mar 2026 16% | Jun 2026 16%
- VINCOFE: Sep 2021 -3.5% | Dec 2021 14% | Mar 2022 -30% | Jun 2022 28% | Sep 2022 24% | Dec 2022 25% | Mar 2023 22% | Jun 2023 26% | Sep 2023 19% | Dec 2023 18% | Mar 2024 17% | Jun 2024 18% | Sep 2024 14% | Dec 2024 18% | Mar 2025 18% | Jun 2025 18% | Sep 2025 16% | Dec 2025 19% | Mar 2026 18% | Jun 2026 20%

### 20-quarter Margin change history
- CCL: Sep 2021 +0.4 pp | Dec 2021 −1.4 pp | Mar 2022 −3.3 pp | Jun 2022 −4.7 pp | Sep 2022 −5.2 pp | Dec 2022 −2.9 pp | Mar 2023 −0.4 pp | Jun 2023 −1.4 pp | Sep 2023 −1.3 pp | Dec 2023 −2.0 pp | Mar 2024 −6.0 pp | Jun 2024 +1.0 pp | Sep 2024 +1.0 pp | Dec 2024 −1.0 pp | Mar 2025 +4.0 pp | Jun 2025 −2.0 pp | Sep 2025 −1.0 pp | Dec 2025 +2.0 pp | Mar 2026 −4.0 pp | Jun 2026 +1.0 pp
- VINCOFE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 +18.1 pp | Sep 2022 +27.1 pp | Dec 2022 +11.4 pp | Mar 2023 +52.5 pp | Jun 2023 −2.1 pp | Sep 2023 −4.5 pp | Dec 2023 −7.0 pp | Mar 2024 −5.0 pp | Jun 2024 −8.0 pp | Sep 2024 −5.0 pp | Dec 2024 0.0 pp | Mar 2025 +1.0 pp | Jun 2025 0.0 pp | Sep 2025 +2.0 pp | Dec 2025 +1.0 pp | Mar 2026 0.0 pp | Jun 2026 +2.0 pp

## Profit Scale & Acceleration

What the numbers say: CCL Products (India) Ltd leads with ₹433 crore of TTM profit, 448.1% above Vintage Coffee & Beverages Ltd. Vintage Coffee & Beverages Ltd shows 58% growth from a ₹79 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: CCL Products (India) Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: CCL Products (India) Ltd · ₹433 crore | 448.1% versus #2 · Vintage Coffee & Beverages Ltd | 7/8 recent comparable periods | 2/2 companies · 40 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. CCL Products (India) Ltd (CCL): ₹433 Cr
2. Vintage Coffee & Beverages Ltd (VINCOFE): ₹79 Cr

### Profit growth — fastest growers
1. Vintage Coffee & Beverages Ltd (VINCOFE): 58%
2. CCL Products (India) Ltd (CCL): 39%

### 20-quarter Net profit history
- CCL: Sep 2021 ₹49 Cr | Dec 2021 ₹58 Cr | Mar 2022 ₹53 Cr | Jun 2022 ₹53 Cr | Sep 2022 ₹58 Cr | Dec 2022 ₹73 Cr | Mar 2023 ₹85 Cr | Jun 2023 ₹61 Cr | Sep 2023 ₹61 Cr | Dec 2023 ₹63 Cr | Mar 2024 ₹65 Cr | Jun 2024 ₹71 Cr | Sep 2024 ₹74 Cr | Dec 2024 ₹63 Cr | Mar 2025 ₹102 Cr | Jun 2025 ₹72 Cr | Sep 2025 ₹101 Cr | Dec 2025 ₹100 Cr | Mar 2026 ₹115 Cr | Jun 2026 ₹117 Cr
- VINCOFE: Sep 2021 ₹-2 Cr | Dec 2021 ₹-1 Cr | Mar 2022 ₹-8 Cr | Jun 2022 ₹0 Cr | Sep 2022 ₹1 Cr | Dec 2022 ₹1 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹2 Cr | Sep 2023 ₹2 Cr | Dec 2023 ₹4 Cr | Mar 2024 ₹4 Cr | Jun 2024 ₹5 Cr | Sep 2024 ₹8 Cr | Dec 2024 ₹12 Cr | Mar 2025 ₹16 Cr | Jun 2025 ₹14 Cr | Sep 2025 ₹18 Cr | Dec 2025 ₹19 Cr | Mar 2026 ₹21 Cr | Jun 2026 ₹21 Cr

### 20-quarter Profit growth history
- CCL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 20% | Sep 2022 18% | Dec 2022 26% | Mar 2023 60% | Jun 2023 15% | Sep 2023 5.2% | Dec 2023 -14% | Mar 2024 -24% | Jun 2024 16% | Sep 2024 21% | Dec 2024 0.0% | Mar 2025 57% | Jun 2025 1.4% | Sep 2025 36% | Dec 2025 59% | Mar 2026 13% | Jun 2026 63%
- VINCOFE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 100% | Dec 2023 300% | Mar 2024 300% | Jun 2024 150% | Sep 2024 300% | Dec 2024 200% | Mar 2025 300% | Jun 2025 180% | Sep 2025 125% | Dec 2025 58% | Mar 2026 31% | Jun 2026 50%

## Return On Capital Employed

What the numbers say: Vintage Coffee & Beverages Ltd leads ROCE at 18.2%, 2.4 percentage points above CCL Products (India) Ltd. CCL Products (India) Ltd has the strongest latest improvement at +3.8 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: Vintage Coffee & Beverages Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: Vintage Coffee & Beverages Ltd · 18.2% | 15.2% versus #2 · CCL Products (India) Ltd | 8/8 recent comparable periods | 2/2 companies · 30 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. Vintage Coffee & Beverages Ltd (VINCOFE): 18%
2. CCL Products (India) Ltd (CCL): 16%

### ROCE change — fastest improvers
1. CCL Products (India) Ltd (CCL): +3.8 pp
2. Vintage Coffee & Beverages Ltd (VINCOFE): +1.1 pp

### 20-quarter ROCE history
- CCL: Sep 2021 18% | Dec 2021 — | Mar 2022 19% | Jun 2022 — | Sep 2022 19% | Dec 2022 — | Mar 2023 19% | Jun 2023 — | Sep 2023 18% | Dec 2023 21% | Mar 2024 15% | Jun 2024 19% | Sep 2024 15% | Dec 2024 19% | Mar 2025 17% | Jun 2025 20% | Sep 2025 18% | Dec 2025 22% | Mar 2026 21% | Jun 2026 —
- VINCOFE: Sep 2021 -1.1% | Dec 2021 — | Mar 2022 -3.9% | Jun 2022 — | Sep 2022 -1.0% | Dec 2022 — | Mar 2023 5.7% | Jun 2023 — | Sep 2023 6.2% | Dec 2023 7.9% | Mar 2024 8.2% | Jun 2024 11% | Sep 2024 7.4% | Dec 2024 13% | Mar 2025 13% | Jun 2025 20% | Sep 2025 12% | Dec 2025 18% | Mar 2026 14% | Jun 2026 —

### 20-quarter ROCE change history
- CCL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.1 pp | Dec 2022 — | Mar 2023 −0.3 pp | Jun 2023 — | Sep 2023 −1.0 pp | Dec 2023 — | Mar 2024 −3.6 pp | Jun 2024 — | Sep 2024 −2.9 pp | Dec 2024 −2.6 pp | Mar 2025 +2.1 pp | Jun 2025 +1.1 pp | Sep 2025 +3.1 pp | Dec 2025 +2.9 pp | Mar 2026 +3.8 pp | Jun 2026 —
- VINCOFE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.1 pp | Dec 2022 — | Mar 2023 +9.6 pp | Jun 2023 — | Sep 2023 +7.2 pp | Dec 2023 — | Mar 2024 +2.5 pp | Jun 2024 — | Sep 2024 +1.2 pp | Dec 2024 +4.9 pp | Mar 2025 +4.9 pp | Jun 2025 +9.7 pp | Sep 2025 +4.3 pp | Dec 2025 +5.5 pp | Mar 2026 +1.1 pp | Jun 2026 —

## Valuation Against Growth & Quality

What the numbers say: Vintage Coffee & Beverages Ltd has the lowest comparable PEG at 0.9×, 54.8% below CCL Products (India) Ltd. Only 2 of 2 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: Vintage Coffee & Beverages Ltd · 0.9× | 54.8% versus #2 · CCL Products (India) Ltd | 0/8 recent comparable periods | 2/2 companies · 17 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

### PEG — lowest PEG
1. Vintage Coffee & Beverages Ltd (VINCOFE): 0.9
2. CCL Products (India) Ltd (CCL): 2.0

### P/E — lowest P/E
1. Vintage Coffee & Beverages Ltd (VINCOFE): 27.4
2. CCL Products (India) Ltd (CCL): 35.0

### 20-quarter PEG history
- CCL: Sep 2021 — | Dec 2021 3.7 | Mar 2022 1.8 | Jun 2022 1.2 | Sep 2022 2.3 | Dec 2022 1.3 | Mar 2023 1.8 | Jun 2023 1.0 | Sep 2023 1.0 | Dec 2023 — | Mar 2024 2.0 | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 1.5 | Sep 2025 2.0 | Dec 2025 3.1 | Mar 2026 3.4 | Jun 2026 2.0
- VINCOFE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 1.1 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 1.3 | Jun 2026 0.9

### 20-quarter P/E history
- CCL: Sep 2021 27.8 | Dec 2021 30.1 | Mar 2022 26.7 | Jun 2022 23.3 | Sep 2022 31.4 | Dec 2022 31.8 | Mar 2023 32.0 | Jun 2023 32.9 | Sep 2023 31.0 | Dec 2023 30.6 | Mar 2024 28.9 | Jun 2024 31.5 | Sep 2024 35.7 | Dec 2024 35.7 | Mar 2025 27.1 | Jun 2025 36.6 | Sep 2025 38.3 | Dec 2025 40.6 | Mar 2026 45.6 | Jun 2026 50.0
- VINCOFE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -46.4 | Sep 2022 -79.2 | Dec 2022 -70.3 | Mar 2023 49.7 | Jun 2023 51.8 | Sep 2023 54.8 | Dec 2023 73.7 | Mar 2024 63.3 | Jun 2024 59.1 | Sep 2024 92.6 | Dec 2024 66.5 | Mar 2025 40.5 | Jun 2025 38.2 | Sep 2025 46.7 | Dec 2025 48.5 | Mar 2026 41.6 | Jun 2026 47.5


## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.

## Every company
- CCL Products (India) Ltd (CCL) — market value ₹15.1K Cr; latest fundamentals Jun 2026
- Vintage Coffee & Beverages Ltd (VINCOFE) — market value ₹2.2K Cr; latest fundamentals Jun 2026

## Source standing of each company

Cross-checked: 2. Unverified: 0. Withheld: 0. Graded companies: 2.

Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld.

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-08-14.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### Is the FMCG - Coffee sector outperforming NIFTY 500?

FMCG - Coffee has outperformed NIFTY 500 by 12.5% over 52 weeks and 4.4% over 13 weeks. 1 of 2 covered companies beat NIFTY on Mansfield relative strength, while 1 of 2 beat the sector itself.

### Which FMCG - Coffee company is largest by revenue?

CCL Products (India) Ltd leads with revenue of ₹4,602 crore, based on 2 of 2 comparable companies through Jun 2026.

### Which FMCG - Coffee company is growing fastest?

Vintage Coffee & Beverages Ltd has the fastest current revenue growth at 67%, across 2 of 2 comparable companies.

### Which FMCG - Coffee company has the strongest 4-Factor Sector Score?

Vintage Coffee & Beverages Ltd ranks first at 65.4/100 with 91% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which FMCG - Coffee company has the lowest comparable PEG?

Vintage Coffee & Beverages Ltd has the lowest comparable PEG at 0.9, among 2 of 2 companies whose earnings and growth are steady enough for the ratio to mean anything.

### How much history does this FMCG - Coffee comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

### Is there a Nifty FMCG - Coffee index?

NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers FMCG - Coffee, this page builds its own equal-weight basket of 2 listed FMCG - Coffee companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.

### Which are the best FMCG - Coffee stocks in India?

Ranked by this page's four-factor score, Vintage Coffee & Beverages Ltd places first among 2 listed FMCG - Coffee companies, followed by CCL Products (India) Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

### How many FMCG - Coffee stocks are listed in India?

This comparison covers 2 listed FMCG - Coffee companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

### Which FMCG - Coffee company is the biggest?

CCL Products (India) Ltd is the largest, with trailing-twelve-month revenue of ₹4,602 crore, ahead of Vintage Coffee & Beverages Ltd at ₹613 crore. That covers 2 of 2 companies with comparable reporting through Jun 2026.

### Which FMCG - Coffee company has the best profit margins?

Vintage Coffee & Beverages Ltd has the highest operating margin at 20%, from 2 of 2 comparable companies. Vintage Coffee & Beverages Ltd shows the biggest recent improvement, at +2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which FMCG - Coffee company makes the most profit?

CCL Products (India) Ltd earns the most, at ₹433 crore of trailing-twelve-month net profit, from 2 of 2 comparable companies. Vintage Coffee & Beverages Ltd has the fastest profit growth at 58%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which FMCG - Coffee company earns the highest return on capital?

Vintage Coffee & Beverages Ltd leads on return on capital employed at 18.2%, across 2 of 2 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which FMCG - Coffee stock is the cheapest?

On PEG — where a LOWER number is cheaper — Vintage Coffee & Beverages Ltd screens cheapest at 0.9×. All 2 companies qualify for the ratio comparison. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Is the FMCG - Coffee sector beating the market?

FMCG - Coffee has outperformed NIFTY 500 by 12.5% over the last 52 weeks and 4.4% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 2 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which FMCG - Coffee stock has the strongest price momentum?

CCL Products (India) Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which FMCG - Coffee company scores highest for research priority?

Vintage Coffee & Beverages Ltd scores 65.4 out of 100 with 91% evidence confidence, from 28.7 points on growth and earnings, 15.2 on capital efficiency, 17.1 on valuation and 4.4 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many FMCG - Coffee companies does this comparison cover, and over what period?

It compares 2 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the FMCG - Coffee sector?

The 2 FMCG - Coffee companies on this page carry ₹17,291 crore of combined market value. CCL Products (India) Ltd is the largest at ₹15,134 crore, about 88% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-20.

### How is the FMCG - Coffee sector performing?

1 of the 2 covered FMCG - Coffee companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 12.5% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-20.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.