Heritage Foods Ltd

Net profit of Heritage Foods declined 30.60% to Rs 40.55 crore in the quarter ended June 2025 as against Rs 58.43 crore during the previous quarter ended June 2024. Sales rose 10.08% to Rs 1136.76 crore in the quarter ended June 2025 as against Rs 1032.67 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales1136.761032.67 10 OPM %6.388.93 - PBDT73.6494.41 -22 PBT54.9577.78 -29 NP40.5558.43 -31 Powered by Capital Market - Live

However, revenue from operations jumped 10.08% year on year to Rs 1,136.8 crore in Q1 FY26. Profit before tax was at Rs 54.94 crore in the first quarter of FY25, down of 29.95% as against Rs 77.77 crore posted in Q1 FY25. Total expenses jumped 13.23% YoY to Rs 1,085.8 crore in Q1 FY26 as compared with Rs 958.90 crore in Q1 FY25. Cost of materials consumed was at Rs 807.25 crore (up 9.86% YoY) while employee benefits expenses stood at Rs 84.16 crore (up 11.79% YoY) during the quarter. On the segmental front, revenue from dairy was at Rs 1,118.8 crore (up 9.75% YoY), feed revenue was at Rs 53.25 crore (up 26.21% YoY), and revenue from renewable energy stood at Rs 2.88 crore (up 20.50% YoY) during the quarter. 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 17 July 2025.Powered by Capital Market - Live

Heritage Foods announced that the 33th Annual General Meeting(AGM) of the company will be held on 31 July 2025.Powered by Capital Market - Live

Net profit of Heritage Foods declined 5.75% to Rs 38.17 crore in the quarter ended March 2025 as against Rs 40.50 crore during the previous quarter ended March 2024. Sales rose 10.30% to Rs 1048.47 crore in the quarter ended March 2025 as against Rs 950.57 crore during the previous quarter ended March 2024. For the full year,net profit rose 76.71% to Rs 188.28 crore in the year ended March 2025 as against Rs 106.55 crore during the previous year ended March 2024. Sales rose 8.98% to Rs 4134.60 crore in the year ended March 2025 as against Rs 3793.90 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1048.47950.57 10 4134.603793.90 9 OPM %7.477.22 -7.845.35 - PBDT80.7070.50 14 336.50205.91 63 PBT62.8854.83 15 266.95145.09 84 NP38.1740.50 -6 188.28106.55 77 Powered by Capital Market - Live

Heritage Foods announced that the Board of Directors of the Company at its meeting held on 16 May 2025, has recommended a Final Dividend of Rs.2.50 per share (i.e.50%), subject to the approval of the shareholders.Powered by Capital Market - Live

Heritage Foods will hold a meeting of the Board of Directors of the Company on 16 May 2025.Powered by Capital Market - Live

Dr. Muddana Sambasiva Rao holds a postgraduate degree and doctorate in zoology. He has been associated with Heritage Foods as President since 2006. Prior to this, he served both state (Andhra Pradesh) and central governments for about two decades at various positions as a member of IAS. The last assignment before joining Heritage was Joint Secretary in the Department of Commerce under the Ministry of Commerce and Industry, Government of India. 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. The company's consolidated net profit jumped 60.03% to Rs 43.05 crore on a 9.86% rise in revenue from operations to Rs 1,033.9 crore in Q3 FY25 over Q3 FY24.Powered by Capital Market - Live

The rating on the short-term bank facilities has been upgraded to 'Crisil A1+' from 'Crisil A1'. Crisil Ratings stated that the revision in outlook factors in sustained improvement in the business risk profile of the Heritage group, driven by healthy growth in revenue and operating margin, along with prudent working capital management. Revenue is projected to grow at a healthy pace in fiscal 2025, from Rs 3,794 crore in fiscal 2024, with increase in demand translating into healthy volumetric growth and price realisations. Revenue is further likely to maintain the healthy growth momentum over the medium term. Operating margin is also expected to improve in fiscal 2025, supported by lower procurement prices and average selling prices remaining fairly stable. Though procurement prices may rise, the margin should remain at healthy levels over the medium term. Working capital requirement of the group is managed efficiently. Prudent working capital management, coupled with moderate profitability, should keep the return on capital employed healthy, over the medium term. The outlook revision also factors in the strong financial risk profile, marked by healthy networth, against moderate debt, resulting in a robust capital structure and debt protection metrics. The upgrade in the short-term rating reflects improvement in liquidity of the Heritage group, with investments in liquid mutual funds and unencumbered cash balance of Rs 352 crore as on 30 September 2024, an unutilized working capital limit and adequate cash accrual against minimal repayment obligations. The ratings continue to reflect the group's strong market position in the dairy business, its well-established distribution network, prudent working capital management and healthy financial risk profile. These strengths are partially offset by exposure to volatility in milk prices, geographic concentration in revenue, regulatory changes and inherent epidemic-related factors. Heritage Foods is the parent entity of the Hyderabad-based Heritage group, which sells milk and dairy products under the Heritage brand. The group also has captive solar and wind power plants with an installed capacity of 11.70 megawatts. The scrip shed 0.90% to currently trade at Rs 384.20 on the BSE. Powered by Capital Market - Live

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