Q1 results plus two subsidiary stake hikes at Heritage Foods
HERITGFOOD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.7 pts less than its Dairy Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Heritage Foods Board cleared Q1 FY27 results and two subsidiary stake hikes. Standalone PAT rose to Rs 247.70 mn from Rs 230.44 mn YoY on Rs 12,980 mn income. Consolidated PAT Rs 249.71 mn vs Rs 405.46 mn. Buys additional 20% in Peanutbutter and Jelly for Rs 7.20 crore (stake 51% to 71%) and remaining 5.60% in Heritage Novandie Foods for Rs 25 lakhs, making it fully owned.
Marginal positive: stronger consolidation of Getaway desserts and value-added dairy arms; Q1 consolidated earnings dipped but standalone improved.