Heritage Foods Limited has informed the Exchange about Transcript
HERITGFOOD · price
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Heritage Foods reported Q4 FY26 consolidated revenue of INR 11,576 million (up 10% YoY), with full-year revenue crossing INR 45,000 million. EBITDA stood at INR 522 million (4.5% margin) and PAT at INR 230 million (2.1% margin), as profitability remained under pressure from unprecedented procurement inflation—milk procurement prices rose 8% YoY to INR 46.67 per liter while milk volumes declined 7%. Despite these headwinds, value-added products emerged as a key growth driver, growing 18% YoY in Q4 and now contributing 35.5% of revenues (up from 32.5%). The company commissioned a new ice cream facility in Hyderabad and a flavoured milk plant in Tirupati, with CAPEX of INR 380 crores this year. Management guided that value-added products contribution should reach 50% in 4-5 years, and they aim to push median EBITDA towards 9% (high single digit) through premiumization and operating leverage.
Near-term margins remain pressured by high procurement costs, but management's focus on premiumization and capacity expansion in high-margin categories like ice cream, paneer, and ghee positions the company for margin recovery. North and Mumbai operations are still loss-making but targeted to break even in FY27.