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…
Heritage foods planning to enter into non dairy Food products market
Heritage Foods Ltd., one of the leading private dairy players in India, announced that its Board of Directors in a meeting held today has approved the Company’s proposed expansion into the Non-Dairy Food Products in the Premium Nutrition Segment. Mr. Srideep Kesavan, Chief Executive Officer, Heritage Foods Limited, said, “Heritage Foods has been providing ‘Nutrition to Nation’ through its…
Heritage Foods Q2 PAT improved by 8.13% over first quarter
Heritage Foods Limited has reported Consolidated financial results for the period ended September 30, 2021. Financial Results (Q2 FY2022) – QoQ Comparison The company has reported total income of Rs. 673.198 crores during the period ended September 30, 2021 as compared to Rs. 650.895 crores during the period ended June 30, 2021. The company has…
Heritage Foods’ reports consolidated Q1 FY2022 PAT at INR 303 million
Heritage Foods Ltd., one of the leading private dairy players in India, today announced its financial results for the first quarter ended on June 30, 2021. Q1 FY2022 Results – Consolidated Revenue from operations was at INR 6,481 million during the quarter EBIDTA was at INR 520 million as compared to INR 558 million in Q1 FY2021…
Heritage extends French yogurt brand Mamie Yova’s footprint
Dairy company Heritage Foods Ltd has announced its foray into the ready-to-eat segment with the launch of Heritage Tikka Panee;r while expanding its yogurt footprint by launching it in Hyderabad. Also read : Heritage Foods launches French Yoghurt brand Mamie Yova in India The Tikka Paneer comes with pre-marinated Paneer, mixed with curd, both produced at…
Heritage Foods strikes back with a Profitable bottom line in 2020-21
Heritage Foods achieved a revenue of Rs 2473.1 Crores in 2020-21 as against Rs 2725.9 Crore in 2019-20. The EBIDTA margins have improved to 11% from 5% in the previous year.The net profits have again became black at Rs 148.3 Crores in 2020-21 as against a loss of 169.4 crores in 2019-20. The board of…
Heritage cuts milk price by ₹4 a litre following Aavin’s price reduction in Tamil Nadu
Dealers have urged the companies not to reduce the procurement price Heritage Foods too has announced a reduction in prices of milk in Tamil Nadu and Puducherry. Effective Sunday, it will reduce the price of its four variants by ₹4 a litre. “The government has reduced prices of Aavin milk. We thought since the public…
Heritage Foods launches French Yoghurt brand Mamie Yova in India
Heritage Foods surged 8.93% to Rs 301.20 after the Indo French joint venture between the company and Novandie Foods launched French Yoghurt brand Mamie Yova in India.Heritage Novandie Foods, a joint venture between Heritage Foods and Novandie Foods, a subsidiary of Andros, France, started in 2017, today announced their entry in the Indian market with…