Heritage Foods Limited — Investor Meet, 21-07-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Heritage Foods reported strong Q1 FY27 results, with consolidated revenue rising 18% YoY to ₹1338.1 Cr. EBITDA was ₹61.9 Cr (4.6% margin) and PAT ₹15 Cr (1.9% margin). Value-added product (VAP) revenue jumped 40% YoY to ₹563.6 Cr, contributing a record 44% of total revenue, driven by robust volume growth across categories like paneer (+33%) and curd (+26%). Despite high milk procurement costs impacting dairy margins, the company is implementing price hikes and expanding its distribution and farmer network. Management aims for high single-digit EBITDA and 50% VAP contribution by FY30, with FY27 capex planned at ₹250 Cr. Sentiment is cautious on costs but confident in VAP-led growth.