Heritage share price might have been rigged on the bourses: Jagan
Asserting that the partnership with Gujarat Cooperative Milk Marketing Federation (Amul) will make dairy farming a profitable business for nearly 30 lakh women, Chief Minister Y.S. Jagan Mohan Reddy has accused his predecessor N. Chandrababu Naidu of killing cooperative dairies in the State to benefit private ones such as Sangam, Visakha and Jersey and his…
Heritage foods net profit jumps from 11Cr to Rs 54 crores in second quarter
Heritage Foods Ltd, one of the leading private dairy players in India, has announced its financial results for the second quarter ended September 30, 2020. The consolidated revenue from operations was at Rs 610.03 crore. EBIDTA rose 258 per cent to Rs 88.99 crore in the second quarter as compared to Rs 24.18 crore in…
Heritage foods shows an upward trend in Gross margins and EBIDTA
Heritage Foods (HFL) has doubled from its March low (down 58% from its January-2018-high). FY20 was a challenging year owing to a harsh season, which dragged down core Ebitda by 32% y-o-y. That said, we remain convinced about HFL’s prospects following: (i) Margin revival on the back of benign milk prices and pricing power to…