Outcome of the Board Meeting - Audited Financial Results (Standalone & Consolidated) for the Year ended on March 31, 2026 and others
HERITGFOOD · price
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Heritage Foods reported standalone revenue of Rs 4,415 crore for FY26, up 8.2% YoY from Rs 4,080 crore. However, standalone profit after tax declined 16.9% to Rs 139.7 crore from Rs 168.1 crore last year, impacted by higher raw material costs and a one-time Rs 48.07 crore provision for employee benefits under new labour codes. On a consolidated basis, revenue rose to Rs 4,526 crore and PAT came in at Rs 150.1 crore (vs Rs 188.3 crore). The board declared a final dividend of Rs 2.50 per share (50% on face value Rs 5), payable on July 30, 2026. Exceptional items included Rs 69.33 crore from a favourable GST refund order and Rs 5.37 crore impairment on investment in HNFL. The statutory auditor gave an unmodified opinion. The company also completed acquisition of controlling interest in Heritage Novandie Foods Ltd (HNFL) in June 2025.
Revenue grew modestly at 8% but profit declined sharply by 17%, driven by cost pressures and a one-time labour code provision. Despite this, the company maintains its dividend payout, which signals management confidence. The GST refund exception provides some earnings support.