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 […]
Heritage launches Mozzarella Cheese, Cream and Cool cafe

Heritage Foods has expanded its product portfolio by adding four products. Covid times saw an upsurge in consumption of protein rich foods like cheese as well as cream and butter. The demand of these products in retail consumer segment is showing a higher growth rate. Heritage foods launched Mozzarella and processed cheese in the protein […]
Heritage Foods reports Rs 26 Crores net profit in Quarter 3, FY 2020-21

Heritage Foods reported -10.04% fall in total revenues for the Dec-20 quarter on consolidated basis at Rs604.92cr. It reported -10.04% fall in total revenues for the Dec-20 quarter on consolidated basis at Rs604.92cr. The dairy products business saw a sharp 15% fall on yoy basis due to the lockdown impacting the downstream retail businesses. The […]
Heritage Foods launches probiotic curd with immunity benefits

Will initially be available in Hyderabad, later in the rest of the country Heritage Foods has launched a probiotic curd containing the Bifidobacterium strain which boosts the immune system by improving overall gut health. The probiotic curd is rich in good bacteria and offers nutritional benefits to improve gut health. Healthy gut leads to high […]
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 […]