Subdued growth in dairy due to lack of price increases
Heritage Foods Chief Executive Officer Srideep N Kesavan discusses the current state of the dairy industry in the country and how the company is faring. He notes that while the industry is doing well overall, growth has been subdued due to a lack of price increases. Kesavan also discusses Heritage Foods’ performance and strategies for…
Second Quarter performance of Dodla and Heritage
Dodla Dairy Net Sales at Rs 997.62 crore in September 2024 up 29.94% from Rs. 767.75 crore in September 2023. Quarterly Net Profit at Rs. 63.38 crore in September 2024 up 45.35% from Rs. 43.60 crore in September 2023. EBITDA stands at Rs. 105.82 crore in September 2024 up 37.55% from Rs. 76.93 crore in…
Heritage share delivers over 300% return in 18 months
In its note, domestic brokerage firm HDFC Securities has maintained its optimistic view on Heritage Foods, highlighting its well-diversified product portfolio, robust distribution network, strong long-term relationships with farmers, and commitment to high-quality premium products, enables it to capitalize on the growing dairy industry in India. The company boasts a strong balance sheet characterized by low…
Parag Milk Foods and Heritage Foods Shine in Q1 FY 25
Parag Milk Foods Parag Milk Foods has shown a steady increase in performance in June 2024. Net sales for the quarter reached Rs. 757.93 crore, marking a 1.11% rise from Rs. 749.59 crore in June 2023. The company’s quarterly net profit saw a significant increase, climbing 27.47% to Rs. 27.30 crore from Rs. 21.42 crore…
Dairy firm Heritage Foods looks East in line with pan-India ambition
Heritage Foods is spreading its footprint in the East in sync with its ambition to become a pan-Indian private dairy company. On Wednesday, the company announced its foray into West Bengal and over the next few days, Bihar and Jharkhand are on the cards. In Odisha, Heritage launched its products about six to nine months…
Should investors milk the profit in Heritage Foods now?
Heritage Foods (CMP: Rs. 626, Market Capitalisation: Rs. 5,814 crores, Under-weight), a leading dairy company with a diversified product portfolio that includes milk and milk-based products, posted a healthy revenue growth of 16 percent year on year (YoY) in the fourth quarter. This was primarily aided by a 20 percent increase in the volume of value-added…
Heritage Foods Stock zoomed 34% in 3 days on TDP’s landslide win
Heritage Foods hit a record high of Rs 538, as they rallied 18 per cent on the BSE in Wednesday’s intra-day trade amid heavy volumes.This dairy products stock has zoomed 34% in 3 days on TDP’s landslide win Shares of Heritage Foods hit a record high of Rs 538, as they rallied 18 per cent…
Heritage Foods Bets on Premium Dairy Play
The second-largest FMCG firm on The Next 500 list focuses on value-added products such as curd, paneer, cheese and cold coffee to cash in on a growing industry. INDIA IS THE WORLD’S largest milk producer, accounting for 24% of global production. The domestic dairy sector has seen a paradigm shift in recent times, with a surge…
Heritage Foods Q3 results: Profit surges 96% on strong dairy demand
ndia’s Heritage Foods reported a 96% jump in third-quarter profit on Monday, helped by strong demand for its dairy products. The dairy producer’s consolidated profit rose to Rs 2.69 crore ($3.2 million) for the quarter ended Dec. 31 from Rs 1.373 crore a year earlier. The average selling price of milk rose 5.2% year-on-year, boosting…
India’s Heritage Foods Q2 profit jumps on strong dairy demand
India’s Heritage Foods posted a more than 17% jump in its second-quarter profit on Wednesday on strong demand for its milk and dairy products.The dairy producer reported a consolidated net profit of 224.1 million rupees ($2.69 million) for the quarter ended September 30, compared with 190.5 million rupees a year earlier. The company’s dairy segment,…