Press Release - Financial Results for the quarter and year ended March 31, 2026
HERITGFOOD · price
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Heritage Foods reported resilient revenue growth of 10% YoY to ₹11,576 million in Q4FY26 and 9% YoY to ₹45,260 million for FY26, crossing the ₹45,000 million annual revenue milestone. However, profitability metrics declined sharply due to severe milk supply shortages and historic high raw milk inflation, with EBITDA falling 35% YoY to ₹522 million and PAT dropping 37% YoY to ₹239 million in Q4. Gross margins compressed by 308 basis points to 22%, while EBITDA margin fell to 4.5%. The company navigated challenges through strong VAP (Value Added Products) growth of 18% YoY, with VAP contribution improving to 35.5% of revenue. The subsidiary Heritage Nutrivet delivered strong 33% revenue growth to ₹2,454 million in FY26.
While Heritage Foods maintained revenue growth amid industry-wide milk inflation, the sharp decline in profitability and margin compression may weigh on near-term stock performance. The strong VAP momentum and improving product mix provide some cushion, but elevated input costs remain a key monitorable for investors.