Heritage Foods Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
HERITGFOOD · price
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Heritage Foods reported standalone revenue of ₹44,151 million for FY26, up 8.2% from ₹40,805 million in FY25. However, profit before tax fell 20.4% to ₹1,858 million and profit after tax declined 16.9% to ₹1,397 million. EBITDA margin compressed significantly from ~6.3% to ~3.7%, driven by rising raw material costs and a one-time labour code adjustment of ₹48.07 million. The company recognised exceptional items including a ₹69.33 million GST refund (net of ₹32.02 million interest reversal) and an impairment of ₹234.85 million on investment in Heritage Novandie Foods (HNFL). Consolidated PAT (owners) was ₹1,501 million, down ~20.3%. An unmodified audit opinion was issued by Walker Chandiok & Co LLP with no going concern or emphasis of matter. The Board recommended a final dividend of ₹2.50 per share (50%) for FY26.
Revenue growth is positive but profit decline and significant margin compression signal cost pressure concerns. Shareholders should note the sharp drop in PAT, EBITDA margin compression, and impairment charges on HNFL investment. The clean audit is a positive.