Heritage Foods

The dairy company's Rs 9-crore investment marks its entry into the healthy dessert segment, with an option to raise stake to 71% by March 2026

Dairy company Heritage Foods said on Thursday it would reduce prices across its product range following the government's decision to cut goods and services tax (GST) rates on dairy products. The company said it would pass on the full benefit of the GST Council's rate rationalisation to consumers ahead of the festive season, effective September 22. Heritage Foods reduced the maximum retail price (MRP) of long shelf-life UHT milk by Rs 3 per litre, while fresh milk prices remained unchanged as the category is exempt from GST, the company said in a statement. The company cut ghee prices by Rs 50 per litre and butter by Rs 50 per kilogram. Cheese prices were reduced by Rs 50 per kg, while paneer was lowered by Rs 25 per kg. In the ice cream segment, the company reduced prices by Rs 35 for 950ml packs and Rs 20 for 700ml packs. The price cuts come as India prepares for the festive season, when dairy consumption typically increases. Heritage Foods said the "consumer-first move" would h

Dairy firm Heritage Foods Ltd has posted 5.75 per cent drop in consolidated net profit to Rs 38.16 crore for the fourth quarter of 2024-25 fiscal year on higher expenses. Net profit stood at Rs 40.49 crore in a year-ago period, the company said in a statement. Total income increased to Rs 1,048.4 crore in January-March period of 2024-25 from Rs 950.5 crore a year ago. However, expenses remained higher at Rs 990.5 crore as compared with Rs 898.62 crore earlier. For the full 2024-25 fiscal year, net profit rose to Rs 188.28 crore as against Rs 106.54 crore a year ago. Heritage Foods Executive Director Brahmani Nara said the company has delivered its "highest-ever quarterly and annual revenue, crossing Rs 4,134.6 crore in FY25." Excluding the bulk B2B segment, revenue growth remained consistently above 10 per cent each quarter, reflecting the strength of the core portfolio and market strategy despite industry headwinds, she said. "We continued to strengthen our omni-channel presen

It also plans to expand its footprint this year to 350,000 stores from 250,000 currently, including deeper growth in existing markets such as Chennai

Q3FY25 company results, January 22: HUL, HDFC Bank, Tata Communications, NIIT, Heritage Foods, and IIFL Wealth Management will release their financial reports for the October-December quarter today

The company posted a consolidated profit of Rs 48.63 crore ($5.8 million) in the three months ended Sept. 30

In Odisha, Heritage launched its products about six to nine months back

The stock price of Heritage Foods had doubled in mere 12 trading sessions. On June 4, DSP Small Cap Fund sold 1.035 million or 1.12 per cent stake in Heritage Foods via open market.

Heritage Foods Ltd's shares: TDP leader Chandrababu Naidu's wife, Bhuvaneswari Nara, and son, Nara Lokesh, hold 24.37% and 10.82% stakes in the company

Dairy firm with ties to TDP chief aiming for national brand status with Rs 6K cr revenue

Analysts expect some populist measures to address rural stress and lift sentiments at the margin, given the nature of the Lok Sabha polls verdict.

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.

On Wednesday, Heritage Foods reported a revenue of Rs 950 crore, marking a 16.3 per cent increase from Rs 817.6 crore in the corresponding period a year ago

Q4FY24 company results: Alkem Laboratories, Heritage Foods, Aadhar Housing Finance, and Mazagon Dock Shipbuilder will be releasing their fourth-quarter report on May 29

Earlier this month, analysts at HDFC Securities said the demand for organised dairy products in India is going up due to rising income and a preference for healthier options

Stocks to Watch: TCS and other IT stocks in focus, as the Tata Group IT major will be reporting its Q3 earnings on Monday.

Dairy stocks: Analysts see the benefits of price hikes to begin accruing from the March quarter onwards, while the financial year 2023-24 (FY24) will be a steady year for the industry's margins

Stocks to Watch Today: In the F&O space, Ambuja Cements, Can Fin Homes, Delta Corp, Escorts, PVR and RBL Bank are in F&O ban period on Thursday.

Analysts are wary of companies majorly focused in the low-margin milk segment as they believe firms with a strong market share in value-added products (VAPs) are more likely to sustain in the industry

A tradition does not have to be popular, aesthetically appealing or even have any value in the modern world. It just needs to have value for the community, accord­ing to Unesco