Heritage Q1 PAT dips to ₹25 crore

Heritage Foods Ltd has posted a consolidated net profit of ₹25 crore in the first quarter ended June 30, 2026, as against ₹40.50 crore in the same quarter of the previous year. It registered consolidated revenues of ₹1,338.10 crore in the first quarter ended June 30, 2026, as against ₹1,136.80 crore in the same quarter of the previous year.

“We are pleased to report another quarter of strong execution, with Heritage Foods delivering record quarterly revenue of ₹13,381 million, up 18 per cent year-on-year, while our value-added products portfolio reached an all-time high contribution of 44 per cent of revenues,” Brahmani Nara, Executive Director, said.

“The quarter was marked by elevated milk procurement costs and constrained milk availability across the industry. Despite these headwinds, we prioritised strengthening our procurement ecosystem, expanding market share and accelerating the growth of our value-added products portfolio, even as input cost inflation temporarily weighed on profitability,” she said.

Amid industry-wide milk shortages and a 7 per cent year-on-year increase in milk procurement prices, the company registered a 2 per cent YoY growth in milk procurement volumes.

Average landed milk procurement prices increased to ₹46.61 a litre as it undertook a price increase across its portfolio, with average milk selling prices increasing 4 per cent year-on-year to ₹58.68/litre.

The ice-cream business contributed ₹55 crore to revenues in the quarter, showing a growth of 65 per cent year-on-year.

Heritage acquired the remaining 5.6 per cent equity stake in Novandie Foods Ltd, increasing its ownership to 100 per cent.

It acquired an additional 20 per cent equity stake in Peanutbutter and Jelly Ltd, increasing its stake to 71 per cent.