Page 3 - Heritage Foods

Chandrababu Naidu's Heritage Foods aims to treble revenue in 5 years

Heritage Foods, an entity founded by Andhra Pradesh chief minister N Chandrababu Naidu, proposes to treble its annual revenue in the next five years as it eyes a larger presence in the organised dairy market. The latter market is estimated at Rs 80,000 crore a year and is seeing Patanjali, Coca-Cola, PepsiCo and ITC entering it, even as the existing ones such as Amul, Mother Dairy and Nestle try to consolidate their presence.N Brahmani, the daughter-in-law of Naidu and executive director of Heritage Food told this newspaper they were aiming at annual revenue in excesss of Rs 6,000 crore by 2020, from Rs 2,328 crore last year. "We propose to do this both organically and inorganically," she said. "Organically, we will focus on value-added dairy. We will also look at acquisitions that are a strategic fit to our business, giving us access into new markets."It has taken a step in that direction by acquiring Reliance Retail's dairy business, which received a nod from the Competition ...

Heritage Foods open to further acquisition

Hyderabad, 24 AprilHeritage Foods, the dairy products company which is based here, wants to get to Rs Rs 6,000 crore annual revenue in five years. The figure was Rs 2,300 crore in 2015-16. For this, it says it would look for acquisitions, expanding its consumer base and its list of value-added products.Present in 10 states and the Delhi region, it had made its first inorganic move (for a North India foray) late last year by acquiring the dairy division of Reliance Retail. This helped it gain entry into five states and increase the reach in those where it was already present."Companies with a strong procurement base are the ones we will be certainly interested in. We want to grow our business through organic and inorganic means," said Brahmani Nara, executive director.The aim is a compounded annual rate of growth at 25 per cent in the next five years to reach the revenue target. The share of value-added products in the overall business is sought to be raised to 40 per cent from the ..

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

The retail, agri and bakery segments of the company have continued to face losses

Heritage Foods surges on talk of Future Group eyeing food retail outlets

The stock moved higher by 12% to Rs 902 on BSE on back of heavy volumes.

Heritage Foods to buy Reliance arm's dairy biz

Heritage Foods' revenues stood at Rs 641.3 crore in the quarter ended September 2016 against Rs 586.8 crore a year ago

Heritage Foods Q1 net profit up 54% at Rs 16.52 crore

Total income from operations grew 9.65% to Rs 634.23 crore in the quarter under review

Heritage Foods Q4 net up 41% at Rs 18 cr

Better numbers come from dairy business, which added little over 70% to the top line in the quarter under review