Announced Tue, 21 Jul · 12:04 IST
Q1 FY27 earnings call: record revenue, VAP up 40%
Mgmt Guided Margin ImprovementMgmt Guided Margin PressureAnalyst Day Multiyear TargetsInvestor Communications View source PDF
HERITGFOOD · price
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AI summary
Heritage Foods Q1 FY27 consolidated revenue rose 18% YoY to INR1,338 crore, the highest quarterly revenue. EBITDA margin was 4.6% and PAT INR15 crore. VAP revenue grew 40% to INR564 crore, now 44% of revenue. Ice cream revenue up 65% YoY. However, milk procurement costs rose 7% YoY, pressuring margins. Management targets VAP at about 50% of revenue by FY30 and aims for high single-digit EBITDA margins. Capex of INR250 crore planned for FY27.
Likely market impact
Strong VAP growth and rising VAP share support long-term margin expansion, but near-term margins remain pressured by high milk procurement costs.