ALFA Finder| Management target | Revenue 17.0% Long-term |
|---|
| Revenue growth | 18% YoY growth in Q1 FY27. |
|---|---|
| Margins | EBITDA margin at 4.6%; VAP margins (8.06%) significantly outperform milk (3.03%). |
| Demand visibility | Resilient demand for value-added products despite inflationary pressures. |
| Management confidence | High regarding VAP growth and long-term premiumization strategy. |
Growth
Consolidated revenue rose 18% YoY to INR 13,381 million. VAP revenue grew 40% YoY, now contributing 44% of total sales.
Outlook
Targeting 50% VAP revenue contribution by FY30. Planned FY27 capex of INR 250 crores for paneer and ghee projects.
Risks
Elevated milk procurement prices (up 7% YoY) and increased packing material costs due to global conflicts are compressing gross margins.
Last quarter's promises, checked
Delivered
- VAP contribution expansion 2-2.5% YoY → delivered 11.5% YoY (= BEAT)
- Revenue growth momentum → delivered 18% YoY growth (= BEAT)
- Ice cream facility ramp-up (35-40% utilization) → delivered 65% segment growth (= BEAT)
Partly delivered
- FY27 Capex ~INR 200cr → delivered INR 250cr plan (= PARTIAL)
Missed
- Maintain median EBITDA of 7% → delivered 4.6% (= MISS)
Earnings Call Transcript 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.