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Time of India
5 days ago
- Business
- Time of India
Heritage Foods' Q1 net profit drops 31 per cent to Rs 40.5 crore
Dairy company Heritage Foods Limited on Thursday reported a sharp decline in net profit for the first quarter of FY26, as the company posted a net profit of Rs 40.5 crore for the April-June quarter, down 30.7 per cent from Rs 58.4 crore reported in the same period previous year (Q1 FY25). The fall in profit came despite a 10.1 per cent year-on-year (YoY) growth in revenue, which rose to Rs 1,136.7 crore from Rs 1,032.6 crore in a year-ago period, according to its stock exchange filing. The company's margins were hit due to higher input and operational costs. EBITDA for the quarter dropped 21.2 per cent to Rs 73.8 crore from Rs 93.7 crore in the year-ago period. The EBITDA margin also declined to 6.5 per cent from 9 per cent, reflecting pressure on profitability. Following the earnings announcement, shares of Heritage Foods fell 3.17 per cent on the National Stock Exchange (NSE), settling at Rs 463.65 after touching an intra-day low of Rs 455.85. In the last five days, the shares declined by Rs 22.9 or 4.7 per cent. Over the past one month, the share price increased by Rs 20.7 or 4.67 per cent. In the last six months, the shares rose by Rs 30.9 or 7.13 per cent. On a year-to-date (YTD) basis, the shares fell by Rs 19.75 or 4.08 per cent. Meanwhile, the board of Heritage Foods approved the acquisition of an additional 44.4 per cent stake in Heritage Nutrivet (HNFPL). With this move, the company's total stake in HNFPL will rise to 94.4 per cent, giving it strategic control over the yogurt supply chain. Executive Director Brahmani Nara said that unseasonal rains in April and May had temporarily affected demand for value-added products (VAP), which in turn impacted profitability. However, she noted that the month of June showed a healthy recovery, and the company remains confident about its long-term growth. She also shared that the company's greenfield ice cream project is moving ahead as planned, underlining the firm's continued focus on expanding its product offerings.
Hans India
5 days ago
- Business
- Hans India
Milk sales, procurement drive Heritage Foods to highest-ever Q1 revenue
Hyderabad: Heritage Foods Limited, a leading Indian dairy brand, reported its highest-ever quarterly revenue of Rs11,368 million for the first quarter of FY26, registering a 10% year-on-year growth despite headwinds from unseasonal rainfall across its key markets. The company, which is celebrating 34 years of operations, attributed its strong performance to steady progress in milk procurement, resilient milk and value-added product (VAP) sales, and its continued focus on quality, innovation, and farmer empowerment. Heritage also unveiled its 'Vision 2030' strategy to become India's most admired dairy nutrition brand. During the quarter ended June 30, 2025, milk procurement increased 9.9% YoY to 17.8 lakh litres per day, while milk sales rose 2.8% to 11.6 lakh litres per day. Average milk selling prices also improved by 2.9% to Rs56.4 per litre. Although the early arrival of monsoon rains in April and May muted demand for VAPs like curd, buttermilk, and ice cream—resulting in a slight drop in VAP contribution to overall revenue from 37.5% to 36.1%—the segment recovered in June, with Q1 VAP sales rising 5.5% YoY to Rs4,034 million. Including Ghee and Butter, total VAP revenue reached Rs4,540 million, up 7.4% YoY, contributing 40.6% to total revenue. The company also saw cost pressures, as raw milk prices increased by 4.74% YoY. Blended revenue per kg rose by 4.1%, but a lower VAP mix and selective pricing strategies caused margin compression, with EBITDA dropping 21% YoY to Rs739 million and profit after tax (PAT) falling 31% to Rs405 million. Strategically, the board approved increasing its stake in Heritage Novandie Foods Pvt Ltd (HNFPL) to 94.4%, enhancing control over the yogurt supply chain. Capital investments in an upcoming greenfield ice cream facility and other VAP projects are expected to accelerate growth in the coming quarters. Subsidiary Heritage Nutrivet Limited posted standout results, with revenue rising 26% YoY to Rs533 million and profit before tax jumping 130% to Rs67 million. The company also rolled out a 360° marketing campaign and launched a refreshed range of Heritage Livo flavored milk and high-protein yogurts, targeting health-conscious consumers. Additionally, Heritage was recognized among 'India's Best Workplaces in FMCG' by the Great Place to Work Institute. Executive Director Brahmani Nara expressed confidence in the company's trajectory: 'This quarter's performance, despite inclement weather, reflects the strength of our brand portfolio and robust procurement system. With rising consumer loyalty, expanding networks, and innovation-led momentum, we are poised for strong growth in the rest of FY26.' Heritage Foods will host an earnings call on July 18, 2025, at 11:00 AM IST to discuss results. Details are available on the company website.
News18
7 days ago
- Business
- News18
Heritage Foods Q1 net profit falls 31 pc; revenue rises 10 pc
Agency: New Delhi, Jul 17 (PTI) Dairy firm Heritage Foods on Thursday reported a 30.60 per cent drop in consolidated net profit to Rs 40.54 crore during first quarter of this fiscal on higher expenses. The company posted a net profit of Rs 58.42 crore a year ago. Net income rose by 10 per cent to Rs 1,136.8 crore during April-June quarter of the 2025-26 fiscal from Rs 1,032.67 crore in the year-ago quarter, according to a regulatory filing. However, expenses remained higher at Rs 1,085.76 crore as against Rs 958.90 crore in the said period. Heritage Foods Executive Director Brahmani Nara said, 'We are happy to report a 10 per cent growth in Q1 of FY'26, delivering our highest-ever quarterly revenue of Rs 1,136.8 crore despite severe inclement weather." While unseasonal rains in April–May temporarily impacted demand for value-added products and weighed on profitability, June marked a healthy recovery, she said in a separate statement. The company's upcoming greenfield ice cream project is progressing on track. 'We are well-positioned to accelerate growth in the quarters ahead." The board approved the acquisition of an additional 44.4 per cent stake in Heritage Novandie Foods Private Ltd (HNFPL), increasing the company's total holding to 94.4 per cent, offering strategic control of yogurt supply chain. PTI LUX HVA Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
17-07-2025
- Business
- Business Standard
Heritage Foods slumps as Q1 PAT tanks 31% YoY to Rs 41 crore
Heritage Foods tumbled 4.19% to Rs 458.40 after its consolidated net profit slipped 30.60% to Rs 40.54 crore in Q1 FY26 as against Rs 58.42 crore in Q1 FY25. However, revenue from operations jumped 10.08% year on year to Rs 1,136.8 crore in Q1 FY26. Profit before tax was at Rs 54.94 crore in the first quarter of FY25, down of 29.95% as against Rs 77.77 crore posted in Q1 FY25. EBITDA jumped 21% YoY to Rs 73.90 crore, while EBITDA margin to 6.5% during the quarter under review. Total expenses jumped 13.23% YoY to Rs 1,085.8 crore in Q1 FY26 as compared with Rs 958.90 crore in Q1 FY25. Cost of materials consumed was at Rs 807.25 crore (up 9.86% YoY) while employee benefits expenses stood at Rs 84.16 crore (up 11.79% YoY) during the quarter. On the segmental front, revenue from dairy was at Rs 1,118.8 crore (up 9.75% YoY), feed revenue was at Rs 53.25 crore (up 26.21% YoY), and revenue from renewable energy stood at Rs 2.88 crore (up 20.50% YoY) during the quarter. In Q1FY26, milk sales grew 2.8% year-on-year to 11.6 lakh litres per day (LLPD), supported by continued market expansion and robust brand traction. The average realisation rose to Rs 56.4 per litre, up from Rs 54.8 a year ago, marking a 2.9% increase on the back of stable pricing and strong market positioning. The companys value-added products (VAP) reported a 5.5% year-on-year growth in revenue to Rs 403.40 crore in Q1FY26, despite weather-related headwinds. Most VAP categories recorded YoY gains, underscoring sustained consumer demand. VAP (excluding fats) contributed 36.1% to total revenue. The value-added products (VAP) segment, including consumer packs of ghee and butter, reported revenue of Rs 4,540 crore, registering a 7.4% year-on-year growth. With this expansion, the segment now contributes 40.6% to the companys total revenue, underscoring strong consumer traction in branded dairy offerings. Commenting on the Results, Brahmani Nara, executive director, said: We are happy to report a 10% growth in Q1 of FY26, delivering our highest-ever quarterly revenue of Rs 11,368 millions, despite severe inclement weather a testament to the strength of our brand portfolio and robust milkprocurement system. While unseasonal rains in AprilMay temporarily impacted demand for valueadded products and weighed on profitability, June marked a healthy recovery. Importantly, the fundamentals of our business and the long-term growth drivers remain robust. Our upcoming Greenfield ice cream project is progressing on track, and we continue to build momentum across our brands and deepen partnership with our customers. With highest consumer loyalty in our core markets and a steadily expanding network, we are well-positioned to accelerate growth in the quarters ahead. As we scale innovations and execution, we remain firmly rooted in our founding principles of transparency, quality, and farmer empowerment. Meanwhile, the companys, wholly owned subsidiary, Heritage Nutrivet delivered a strong performance with revenue rising 26% year-on-year to Rs 53.30 crore. Profit before tax surged 130% YoY to Rs 6.7 crore, driven by improved operational efficiency and a sharp strategic focus. Heritage Foods is one of the largest private sector dairy enterprises in southern India. Its milk and milk products have a market presence in Andhra Pradesh, Telangana, Karnataka, Kerala, Tamil Nadu, Maharashtra, Odisha, NCR Delhi, Haryana, Rajasthan, Uttarakhand, and Uttar Pradesh.
India Gazette
18-05-2025
- Politics
- India Gazette
Andhra Pradesh Minister Nara Lokesh, family meet with PM Modi
New Delhi [India], May 18 (ANI): Telugu Desam Party (TDP) General Secretary and Andhra Pradesh Education and IT Minister Nara Lokesh along with his wife Brahmani Nara and son Devaansh called upon Prime Minister Narendra Modi in the national capital. They expressed admiration for the Prime Minister's leadership and discussed the state's development goals in line with the Centre's vision for a 'Viksit Bharat' by 2047. In a post on X on Saturday, TDP President Lokesh Nara also thanked him for support, and discussed Andhra's role in Viksit Bharat. 'Today, it was my honour and privilege to call on the Hon'ble Prime minister Sri @narendramodi Ji at his residence along with @brahmaninara and Devaansh. I expressed my gratitude to the Prime Minister for his continued support towards the state's growth,' the TDP leader said on X. The post added, 'I thanked him for his strong and decisive leadership, whilst also seeking guidance on how the state could further contribute to his vision of Viksit Bharat by 2047.' Similarly, his wife Brahmani Nara, who is the Executive Director of Heritage Foods and daughter-in-law of TDP Chief N. Chandrababu Naidu, praised PM Modi as one of the greatest leaders committed to transforming India into a global superpower. In a post on X, Brahmani Nara shared her admiration for the Prime Minister and said, 'It was an honour to meet India's Prime Minister, Shri @narendramodi Ji along with @naralokesh and Devaansh.' 'I truly believe he is one of the greatest Prime Ministers ever, consistently working hard towards transforming India into a global superpower. Today's meeting will be the most cherished memory for us,'' the post added on X. Meanwhile, Nara Lokesh had alleged Andhra Pradesh experienced a destructive administration between 2019 and 2024. He claimed that the development of Amaravati was intentionally halted as part of a 'personal vendetta' against then Chief Minister Chandrababu Naidu. (ANI)
