Latest news with #HeritageFoodsLimited
India.com
4 days ago
- Business
- India.com
Rs 790000000: Andhra Pradesh CM Naidu's wife earns huge money in just one day due to..., her name is...
Nara Bhuvaneshwari, wife of Andhra CM Naidu In a significant turn of events, shares of Heritage Foods Limited, a dairy company in which Andhra Pradesh Chief Minister-Chandrababu Naidu's family's including his wife Nara Bhuvaneshwari have a total holding of 35.71 % rose over 7% to Rs 493.25, making the family richer by 79 crores in a single day. The data came out when 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). Here are all the details you need to know about Chief Minister-Chandrababu Naidu's family's business growth in Heritage Foods Limited. How wife of Chandrababu Naidu earned Rs 79 crore in 1 day? In the recent development, Heritage Foods Limited shares rose over 7% to Rs 493.25, resulting in a one-day gain of approximately Rs 79 crore for Nara Bhuvaneshwari, wife of Chandrababu Naidu. Notably, Nara Bhuvaneshwari, wife of Chandrababu Naidu holds 2.26 crore shares, which amounts to a 24.37% stake in the company. Rise in value of shares of Heritage Foods 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. 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. For those unversed, Nara Bhuvaneshwari is the daughter of Telugu cinema veteran and Telugu Desam Party (TDP) founder NT Rama Rao. (With inputs from agencies)
Time of India
4 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.
