Heritage Foods Limited — Updates, 22-01-2025: Press Release

**Q3-FY25 Financial Performance:**

Heritage Foods Ltd reported consolidated revenue of ₹10,339 million, up 10% YoY, marking the third consecutive quarter with over ₹10,000 million in revenues. EBITDA increased by 43% YoY to ₹741 million, with an EBITDA margin of 7.2%, up 164 basis points. Net profit surged 60% YoY to ₹431 million, achieving a 4.2% margin.

**9M-FY25 Performance:**

For the nine-month period, revenue reached ₹30,861 million, a 9% increase YoY. EBITDA rose by 80% to ₹2,511 million, with a margin of 8.1%, improving by 324 basis points. PAT soared 127% YoY to ₹1,501 million.

**Operational Highlights:**

Milk procurement volume rose by 12.62% YoY to 1.84 million liters per day, supported by a 2.7% drop in procurement costs. Value-added products (VAP) saw a robust revenue increase of 17.6% to ₹2,874 million, contributing 28.2% to total revenue. The launch of festive campaigns further propelled VAP growth.

**Investor Implications:**

Positive growth trends and increasing profitability reinforce Heritage Foods' strong market position. Continued focus on value-added products and innovative marketing strategies are likely to enhance shareholder value. Investors should watch closely as the company adapts to market opportunities and consumer demands.