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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.
Strong 19% revenue growth driven by value-added products (VAP) is masked by rising raw milk costs.
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 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.