Heritage Foods Limited — Updates, 23-10-2024: Press Release

Heritage Foods Limited reported a significant YoY profit growth of 117% for Q2-FY25, with revenues reaching INR 10,195 million and an EBITDA of INR 832 million. The company's value-added products contributed notably to revenue growth, increasing by 15.5%. Average milk procurement also grew by 11.46%, despite a decline in milk prices. CEO Brahmani Nara attributed the performance to strategic initiatives, expanding geographic presence, and enhanced marketing efforts.