Heritage Foods posts record revenue despite weather challenges

Heritage Foods Limited reported record quarterly revenue of INR11,368 million, marking its third consecutive quarter of double-digit revenue growth. This was achieved despite weather-related challenges that temporarily impacted demand for value-added products like curd and ice cream.

Milk procurement increased 10% year-on-year to 17.8 lakh liters per day. Value-added product revenues, including ghee and butter, grew 7.4% to INR4,540 million, contributing over 40% to total revenue.

EBITDA stood at INR739 million with PAT at INR405 million. The company noted margins were softer due to seasonality and input cost inflation but are expected to normalize.