Heritage Foods Limited has informed the Exchange about Transcript

Heritage Foods reported its highest-ever quarterly revenue of INR 1,136.8 crore in Q1 FY'26, marking the third consecutive quarter of double-digit growth, though this was below the company's mid-teens ambition due to unseasonal weather. EBITDA came in at INR 73.9 crore (6.5% margin) and PAT at INR 40.5 crore (3.6% margin), with margins softer year-on-year on input cost inflation and a temporary shift in product mix toward lower-margin value-added products. Milk procurement rose 10% YoY to 17.8 lakh liters per day, with average realizations improving to INR 56.4/liter. The company completed the acquisition of an additional 44.4% stake in Heritage Novandie Foods (now 94.4% holding), and a new greenfield ice cream facility (INR 220 crore capex) is set to launch by end of CY 2025. Management guided to mid-teens revenue growth (15-16%) and ~20% growth in value-added products for the rest of FY'26, expecting at least a 1% margin correction to normalize. June already showed strong recovery with 15.1% revenue growth and 11% VAP growth.