Rs 31.25 Lakhs subsidy for setting up a 25 Desi cows dairy farm
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Naidu’s arrest drags Heritage Foods’ shares down by 11%
The arrest and the subsequent remand of Andhra Pradesh former Chief Minister and President of Telugu Desam Party (TDP) N Chandrababu Naidu seems to have dragged the shares of Heritage Foods, promoted by his wife N Bhuvaneswari and daughter-in-law Brahmani. The shares fell by 11.38 per cent on the Bombay Stock Exchange (BSE) on Tuesday to trade at…
Heritage Foods: Margin trajectory likely to improve
The Q1FY24 results of Heritage Foods were in line with expectations. Highlights: Growth in value-added products Raw material prices have softened Higher advertisement spends Investors with higher risk appetite can accumulate stock on declines The Q1FY24 results of Heritage Foods (HFL; CMP: Rs 247; Market capitalisation: Rs 2,293crore) were in line with expectations. Milk procurement…
Procurement prices likely to soften in the next 5-6 months: Kesavan
Heritage Foods Ltd has said it is confident of achieving the target of becoming a ₹6,000 crore revenue company in the next three years. “We set out a target to become a ₹6,000 crore revenue company about five years ago. But unfortunately, we were hit by the pandemic. That affected not just our business but…
Dairy stocks sizzle as temperatures soar. Time to milk gains?
Concerns over milk shortages amid soaring temperatures, when peak summer demand has just started to kick in, have given a fillip to dairy stocks over the last one month. Shares of Heritage Foods have rallied 23% while those of Parag Milk are up 10% in anticipation of further price hikes, which could boost the margins…
Early signs of emerging stability in milk prices
Global SMP prices have corrected 35% YoY in Feb’23. Even after adjusting for benefits of INR depreciation, we believe the profitability in SMP exports is very weak. Lower SMP exports will likely reduce the mismatch between demand and supply of milk in India. Though the cattle feed prices are still in inflationary zone, we model…
Heritage Foods: Will margins make a comeback for this dairy company?
The stock price gained over 9 percent on September 30. The company announced 1:1 Rights Issue through a regulatory filing. “The Board of Directors of the Company at the meeting approved to issue equity shares in the ratio of 1:1 by way of Rights Issue basis at the face value of Rs 5 each per…
DAIRY NEWS Top dairy industry stock picks as per ICICI securities report
ICICI Securities has analysed the dairy sector, expecting milk inflation to continue high in FY23. The brokerage has highlighted that in June’22, wholesale milk prices jumped 5.8 per cent year on year in India. ICICI Securities has analysed the dairy sector, expecting milk inflation to continue high in FY23. The brokerage has highlighted that in…
Heritage foods will be bringing more value-added products to the mix
It seems an obvious question to ask of Brahmani Nara, the Executive Director of dairy major, Heritage Foods. Why, given her heritage as granddaughter of Telugu movies’ super star NT Rama Rao and daughter of actor Balakrishna (NTR’s son), she didn’t get into the celluloid biz, like other star kids? She’s been asked that question…
Heritage Foods Ltd to acquire assets of Suguna Dairy Products
The Board of Directors of Heritage Foods Ltd at its meeting held on Friday 25th March, 2022, approved the purchase of assets and acquiring of procurement & sales network from M/s Suguna Dairy Products (India) Private Limited for a cash consideration of INR 2.81 Crores. M/s Suguna Dairy Products (India) Private Limited is engaged in…