ALFA Finder| Management target | Revenue 371.7% FY30 |
|---|
| Revenue growth | 18% YoY consolidated revenue growth in Q1 FY27. |
|---|---|
| Margins | EBITDA margin contracted to 4.6% from 6.5% YoY due to procurement inflation. |
| Demand visibility | Strong; record VAP contribution and stable milk sales volumes. |
| Management confidence | High; confident in sustainable long-term growth as industry conditions normalize. |
Growth
Revenue grew 18% YoY to ₹13,381 Mn; VAP revenue increased 40% YoY; PAT declined 38% YoY to ₹250 Mn.
Outlook
Targeting ₹500+ Cr Ice Cream revenue by FY30; acquired remaining 5.6% stake in Heritage Novandie Foods for 100% ownership.
Risks
High milk procurement prices (up 7% YoY) and industry-wide supply constraints temporarily weighed on profitability and EBITDA margins.
Last quarter's promises, checked
Delivered
- Guided VAP contribution expansion 2-2.5% → delivered 8.5% increase (44% vs 35.5% = BEAT)
- Guided ~INR 200 Cr annual CAPEX → delivered INR 380 Cr (BEAT)
- Guided 35-40% ice cream utilization → delivered record VAP growth (BEAT)
Partly delivered
- Guided 71% stake in PBJL → delivered 71% but PAT declined 38% (PARTIAL)
Missed
- Guided 4% milk volume growth → delivered 0.3% (MISS)
- Guided median 7% EBITDA margin → delivered 4.6% (MISS)
Earnings Call filed with BSE, NSE: HERITGFOOD. Summary written with AI assistance from the document.
Heritage Foods Ltd: key numbers
- Share price
- ₹380.85
- Market cap
- ₹3,534 Cr
- Revenue (annual)
- ₹4,526 Cr
- Net profit (annual)
- ₹150.1 Cr
- P/E (TTM)
- 30.9×Sector 41.3×
- Promoter holding
- 41.30%+0.00% QoQ
- FII holding
- 1.71%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Heritage Foods Ltd
All →Heritage Foods Acquisition
Heritage Foods board approved amalgamation of wholly-owned subsidiary Heritage Novandie Foods under Sections 230-232. No cash or new shares involved; subject to NCLT and shareholder approvals.
Heritage Foods Earnings Call Transcript: Key Takeaways
Strong 19% revenue growth driven by value-added products (VAP) is masked by rising raw milk costs.
Heritage Foods Investor Presentation: Key Takeaways
Heritage Foods reported 19% YoY revenue growth in Q2 FY27, driven by a 32% surge in Value-Added Products (VAP). EBITDA margin recovered sequentially to 5.6% despite rising milk procurement costs.
Heritage Foods Results Update
Heritage Foods posted 19% YoY revenue growth in Q2 FY27, EBITDA margin recovering 98 bps QoQ to 5.6%. VAP contribution expanded to 35.4% on broad-based category growth.
Heritage Foods Acquisition
Heritage Foods Limited has paid the purchase consideration for the acquisition of an additional 5.60% equity stake in its subsidiary, Heritage Novandie Foods Limited.
Heritage Foods Other Announcement
Heritage Foods Ltd submitted its quarterly shareholding pattern for the period ending September 30, 2026, in compliance with Regulation 31(1)(b) of SEBI LODR.