Parag Milk Foods and Heritage Foods Shine in Q1 FY 25

Parag Milk Foods

Parag Milk Foods has shown a steady increase in performance in June 2024. Net sales for the quarter reached Rs. 757.93 crore, marking a 1.11% rise from Rs. 749.59 crore in June 2023. The company's quarterly net profit saw a significant increase, climbing 27.47% to Rs. 27.30 crore from Rs. 21.42 crore in the same period last year.

EBITDA also experienced a notable growth, standing at Rs. 61.33 crore in June 2024, up 31.89% from Rs. 46.50 crore in June 2023. This positive trend is further reflected in the earnings per share (EPS), which increased to Rs. 2.29 in June 2024 from Rs. 1.83 in June 2023.

Parag Milk Foods' shares closed at Rs. 204.69 on July 23, 2024 (NSE), delivering a return of 5.84% over the last six months and an impressive 28.29% over the last 12 months. This performance indicates a strong and resilient growth trajectory for the company.

Heritage Foods

Heritage Foods has demonstrated remarkable growth in June 2024, reflecting a robust performance across key financial metrics. Net sales for the quarter surged to Rs. 1,032.67 crore, an 11.8% increase from Rs. 923.68 crore in June 2023. This impressive rise in sales underpins the company's strong market presence and effective business strategies.

The quarterly net profit witnessed an extraordinary jump, skyrocketing by 249.07% to Rs. 58.43 crore from Rs. 16.74 crore in the same period last year. This substantial increase in profitability is a testament to the company's efficient operational management and strategic initiatives.

EBITDA also experienced significant growth, standing at Rs. 99.37 crore in June 2024, up 140.96% from Rs. 41.24 crore in June 2023. This indicates a solid improvement in the company's earnings before interest, taxes, depreciation, and amortization, highlighting enhanced operational efficiency and cost management.

Heritage Foods' earnings per share (EPS) increased to Rs. 6.30 in June 2024 from Rs. 1.80 in June 2023, reflecting the company's improved profitability and value creation for shareholders.

The company's shares closed at Rs. 575.60 on July 23, 2024 (NSE), delivering impressive returns of 84.37% over the last six months and 105.42% over the last 12 months. This stellar performance underscores Heritage Foods' strong growth trajectory and its commitment to delivering value to its stakeholders.