Net profit of Heritage Foods rose 60.04% to Rs 43.05 crore in the quarter ended December 2024 as against Rs 26.90 crore during the previous quarter ended December 2023. Sales rose 9.87% to Rs 1033.94 crore in the quarter ended December 2024 as against Rs 941.10 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1033.94941.10 10 OPM %6.985.35 - PBDT76.5851.57 48 PBT58.8136.05 63 NP43.0526.90 60 Powered by Capital Market - Live

Profit before tax was at Rs 58.81 crore in the third quarter of FY25, marking a growth of 63.13% as against Rs 36.05 crore posted in Q3 FY24. EBITDA jumped 43% YoY to Rs 74.10 crore, while EBITDA margin improved by 164 bps to 7.2% during the quarter under review. On the segmental front, revenue from dairy was at Rs 1,019.5 crore (up 10.52% YoY), feed revenue was at Rs 50.89 crore (up 14.61% YoY), and revenue from renewable energy stood at Rs 1.29 crore (down 14.56% YoY) during the quarter. During Q3 FY25, average milk procurement price dropped 2.7% YoY to Rs 41.91 per Litre, but higher than Q2 by Rs 1.66 per liter. The company posted 12.62% YoY growth in milk procurement to 1.84 million litres per day (MLPD). Milk sales volume growth sees 6.08% YoY increased in milk sales volumes to 1.17 million Lt per Day (MLPD) but registered a minor dip in avg selling price to Rs. 54.64/L from Rs. 55/L, due to mix change. Heritage Foods saw impressive growth in its value-added products (VAP) segment, achieving a 17.6% increase in revenues, reaching Rs 287.40 crore. The contribution of VAP to total revenue rose to 28.2%, up from 26.5% in Q3 FY24. Brahmani Nara, executive director, said, 'I am pleased to announce that Heritage Foods has achieved revenues of over Rs 10,000 million for the third consecutive quarter. In Q3 FY25, our revenue grew by 10% year-on-year, reaching Rs 10,339 million. EBITDA for the quarter was Rs 741 million, resulting in a margin of 7.2%. Notably, our net profit increased significantly by 60% year-on-year to Rs 431 million, resulting in a margin of 4.2%, further reinforcing our strong financial standing. Heritage Foods has set an extraordinary benchmark, revolutionizing the dairy industry with its innovative approach and unwavering commitment to quality. By establishing a robust, integrated supply chain, adopting a cutting-edge omni-channel presence, expansion of the company's geographic footprint, diverse and customer-centric product portfolio that not only meets seasonal demands but also fosters long-term customer engagement. We have placed a strong emphasis on value-added products (VAP), which have become a key driver of both revenue and high margins, further strengthening our market position. In parallel, our targeted marketing campaigns have played a crucial role in enhancing brand recognition and deepening consumer engagement. We remain confident that our commitment to innovation, quality, and customer engagement will enable us to not only navigate but thrive amidst future challenges. As always, we remain dedicated to creating shareholder value with unwavering passion and commitment. In the upcoming quarters, we will continue to focus on enhancing our business model by advancing up the value chain, ensuring our ongoing success.' Heritage Foods is one of the largest private sector dairy enterprises in southern India. Its milk and milk products have a market presence in Andhra Pradesh, Telangana, Karnataka, Kerala, Tamil Nadu, Maharashtra, Odisha, NCR Delhi, Haryana, Rajasthan, Uttarakhand, and Uttar Pradesh. Powered by Capital Market - Live

Heritage Foods will hold a meeting of the Board of Directors of the Company on 22 January 2025.Powered by Capital Market - Live

Net profit of Heritage Foods rose 117.00% to Rs 48.63 crore in the quarter ended September 2024 as against Rs 22.41 crore during the previous quarter ended September 2023. Sales rose 4.19% to Rs 1019.52 crore in the quarter ended September 2024 as against Rs 978.55 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1019.52978.55 4 OPM %7.974.64 - PBDT84.8245.71 86 PBT67.4730.68 120 NP48.6322.41 117 Powered by Capital Market - Live

Net profit of Heritage Foods rose 114.34% to Rs 48.27 crore in the quarter ended September 2024 as against Rs 22.52 crore during the previous quarter ended September 2023. Sales rose 4.54% to Rs 1006.48 crore in the quarter ended September 2024 as against Rs 962.79 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1006.48962.79 5 OPM %7.874.56 - PBDT83.0144.51 86 PBT66.2630.08 120 NP48.2722.52 114 Powered by Capital Market - Live

Heritage Foods will hold a meeting of the Board of Directors of the Company on 23 October 2024.Powered by Capital Market - Live

The Board of Heritage Foods at its meeting held on 18 September 2024 has approved the proposal for setting up a new ice cream manufacturing facility at Shamirpet, Telangana. The new facility is intended to cater to the growing demand for ice cream in the region and expand its production capacity to better serve our consumers. The facility is expected to be commissioned by November, 2025 and will involve a capital investment of approximately Rs.204 crore. Powered by Capital Market - Live

However, revenue from operations jumped 11.8% year on year (YoY) to Rs 1,032.67 crore in the first quarter of FY25. Profit before tax was at Rs 77.78 crore in the June 2024 quarter, steeply higher than Rs 23.53 crore recorded in Q1 FY24. EBITDA jumped 133% YoY to Rs 93.8 crore while EBITDA margin improved by 472 bps to 9.08% during the quarter under review. On segmental front, revenue from dairy was at Rs 1,019.42 crore (up 11.67% YoY), feed revenue was at Rs 42.19 crore (up 28.79% YoY) and revenue from renewable energy stood at Rs 2.39 crore (down 1.23% YoY) during the quarter. During Q1 FY25, average milk procurement was at 1.62 million litres per day (MLPD), up 6.66% YoY, whereas average milk procurement prices for decreased by Rs 3.47/Lt (-7.75% YoY) over Q1 FY24. Milk sales volumes continued its steady growth in Q1, registering a growth by 4.26% YoY to 1.13 MLPD, and average milk selling prices averaged Rs 54.81/Lt, up over 0.40%. Brahmani Nara, executive director, said, 'With the building blocks of our business falling in place, our performance in Q1-FY25 has shown that we can sustain our momentum ahead of the industry even when faced with adverse weather, as we saw in the second half of this quarter. In this quarter, we stepped up our retail availability into more stores, expanded our distribution into more cities and recruited more consumers than ever before. Our sharply targeted marketing campaigns have delivered strong uptick in top-of-mind awareness and faster offtake for our brands across retail shelves. This gives us confidence as we enter the upcoming festive season.' Heritage Foods is one of the largest private sector dairy enterprises in Southern India. Its milk and milk products have a market presence in Andhra Pradesh, Telangana, Karnataka, Kerala, Tamil Nadu, Maharashtra, Odisha, NCR Delhi, Haryana, Rajasthan, Uttarakhand and Uttar Pradesh. Powered by Capital Market - Live