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, […]
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 […]