Heritage Foods Q3 net profit up 75% at Rs 20 crore

Heritage Foods consolidated net profit increased 75% to Rs 19.91 crore in October-December quarter of FY 2017 from Rs 11.37 crore during the same quarter last year. The total revenue of the company surged 14.5% to Rs 667 crore from Rs 582 crore in the review period.

The retail, agri and bakery segments of the company have continued to face losses. However, dairy segment has seen 24% rise in the profit at Rs 31 crore in October-December quarter of FY 2017 from Rs 25 crore in the corresponding quarter previous fiscal.