Heritage Foods Q4 net profit at Rs 15 cr

Image
Press Trust of India New Delhi
Last Updated : May 25 2017 | 8:07 PM IST

Don't want to miss the best from Business Standard?

Heritage Foods, promoted by the family of Andhra Pradesh Chief Minister N Chandrababu Naidu, today reported a consolidated net profit of Rs 14.69 crore for the March quarter.
The company had posted a net profit of Rs 18.09 crore during the same period previous fiscal, Heritage Foods said in a statement.
Net sales during the quarter under review stood at Rs 677.35 crore, as against Rs 613.37 crore in the year ago period.
Commenting on the results, Heritage Foods Executive Director Brahmani Nara said: "Our profits have shown good two digits growth on account of increase in value added products share in overall portfolio".
For the entire fiscal, the company reported a net profit of Rs 66.81 crore compared to Rs 55.42 crore in the 2015-16.
Shares of Heritage foods closed at Rs 1,114.15, down 4.43 per cent on BSE.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 25 2017 | 8:07 PM IST

Next Story