Heritage Foods Limited — Investor Meet, 21-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Heritage Foods reported Q1 FY'26 revenue of INR 1136.8 Cr, its highest quarterly top line, despite weather challenges hitting Value Added Products (VAP) demand. EBITDA stood at INR 73.9 Cr (6.5% margin) and PAT at INR 40.5 Cr (3.6% margin), softer YoY due to seasonality and product mix. June saw strong volume recovery.

Key strategic moves include increasing Heritage Novandie Foods stake to 94.4% to boost Livo yogurts and a new ice cream facility by year-end. Milk procurement jumped 10% YoY. Management is focused on mid-teens revenue growth for FY'26, driven by diversified VAP, and anticipates margin normalization as operating leverage kicks in.