Revenue of Heritage Foods Soars by 9 percent to 4134 crore, Profit Soars by 77 percent
The strong performance of Heritage Foods was attributed to increased market share in key segments such as curd and paneer, expanded distribution, and growth in its value-added products (VAP) portfolio. The VAP segment saw revenue jump 19% YoY to Rs 4,198 million and now contributes 40.6% of the company's total revenue.
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Heritage Foods Limited, one of India's leading dairy companies, announced its audited financial results for the fiscal year ended March 31, 2025, posting its highest-ever annual and quarterly revenues. The company recorded a 9% year-on-year (YoY) increase in revenue, reaching Rs 41,346 million, while profit after tax surged 77% to Rs 1,883 million.
The strong performance was attributed to increased market share in key segments such as curd and paneer, expanded distribution, and growth in its value-added products (VAP) portfolio. The VAP segment, which includes high-margin items like ghee and butter, saw revenue jump 19% YoY to Rs 4,198 million and now contributes 40.6% of the company's total revenue.
Heritage Foods also reported significant improvement in operational efficiency. EBITDA rose 58% YoY to Rs 3,310 million, with margins improving to 8%. Gross profit margins expanded to 25%, up from 20.7% last year, supported by optimized procurement costs and a better product mix.
Milk procurement volumes grew by 10.4% YoY to 1.72 million litres per day (MLPD), ensuring steady supply amid volatile market conditions. Sales of liquid milk rose 4.5% YoY to 1.16 MLPD, with the average selling price increasing to ₹55.6 per litre.
In a strategic move, the company acquired a majority stake in Heritage Novandie Foods Pvt. Ltd. (HNFPL) for Rs 8.5 crore, transitioning to a leaner contract manufacturing model.
Commenting on the results, Executive Director Brahmani Nara said, “We’re proud to deliver our best-ever financial performance, despite industry headwinds. Our focus on value-added products, efficient sourcing, and brand strength has translated into sustainable growth. We continue to expand our presence across traditional and quick-commerce channels.”
Heritage Nutrivet Limited, the company's wholly owned subsidiary in the cattle feed business, also posted impressive results with revenue up 15.5% YoY and profit after tax rising 137% to Rs 124 million.
The company will hold an earnings call on May 19, 2025, to discuss the financial results in more detail. The results and investor presentation are available on the company’s website.
