Milking success: How India’s dairy sector is adapting to change
In this episode of the State of the Economy podcast, businessline’s Subramani Ra Mancombu talks to Srideep N Kesavan, CEO of Heritage Foods Ltd. talk about the dairy sector in India, a key industry that is vital to the rural economy but faces several challenges. India is the world’s largest milk producer, generating nearly 240 million…
Cheese And Paneer Products Will Boost Future Prospects
Key Takeaways Increased focus on value-added products and strategic market positioning is expected to drive revenue and earnings growth. Strong distribution network and stable milk prices are anticipated to boost revenue and positively impact net margins. Rising costs and price pressures could squeeze Heritage Foods’ margins and profitability, with risks in new market expansion and…
Heritage Foods Q3 Results-Net profit jumps 60%
Hyderabad-based dairy products maker Heritage Foods Ltd (HFL) on Wednesday (January 22) reported a 59.9% year-on-year (YoY) jump in net profit at ₹43 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, Heritage Foods posted a net profit of ₹27 crore, the company said in a…
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…