Heritage Foods Bets on Premium Dairy Play
The second-largest FMCG firm on The Next 500 list focuses on value-added products such as curd, paneer, cheese and cold coffee to cash in on a growing industry. INDIA IS THE WORLD’S largest milk producer, accounting for 24% of global production. The domestic dairy sector has seen a paradigm shift in recent times, with a surge […]
Heritage Foods Q3 results: Profit surges 96% on strong dairy demand
ndia’s Heritage Foods reported a 96% jump in third-quarter profit on Monday, helped by strong demand for its dairy products. The dairy producer’s consolidated profit rose to Rs 2.69 crore ($3.2 million) for the quarter ended Dec. 31 from Rs 1.373 crore a year earlier. The average selling price of milk rose 5.2% year-on-year, boosting […]
India’s Heritage Foods Q2 profit jumps on strong dairy demand
India’s Heritage Foods posted a more than 17% jump in its second-quarter profit on Wednesday on strong demand for its milk and dairy products.The dairy producer reported a consolidated net profit of 224.1 million rupees ($2.69 million) for the quarter ended September 30, compared with 190.5 million rupees a year earlier. The company’s dairy segment, […]
Rs 31.25 Lakhs subsidy for setting up a 25 Desi cows dairy farm
This is the first channel dedicated to dairy-related news from India and abroad. It will cover top seven dairy news from last seven days. The news will be aired on every Sunday. The channel will have expert interviews, market and technical analysis and a lot more sections very soon. You may share in comments about […]
Naidu’s arrest drags Heritage Foods’ shares down by 11%
The arrest and the subsequent remand of Andhra Pradesh former Chief Minister and President of Telugu Desam Party (TDP) N Chandrababu Naidu seems to have dragged the shares of Heritage Foods, promoted by his wife N Bhuvaneswari and daughter-in-law Brahmani. The shares fell by 11.38 per cent on the Bombay Stock Exchange (BSE) on Tuesday to trade at […]
Heritage Foods: Margin trajectory likely to improve
The Q1FY24 results of Heritage Foods were in line with expectations. Highlights: Growth in value-added products Raw material prices have softened Higher advertisement spends Investors with higher risk appetite can accumulate stock on declines The Q1FY24 results of Heritage Foods (HFL; CMP: Rs 247; Market capitalisation: Rs 2,293crore) were in line with expectations. Milk procurement […]
Procurement prices likely to soften in the next 5-6 months: Kesavan
Heritage Foods Ltd has said it is confident of achieving the target of becoming a ₹6,000 crore revenue company in the next three years. “We set out a target to become a ₹6,000 crore revenue company about five years ago. But unfortunately, we were hit by the pandemic. That affected not just our business but […]
Dairy stocks sizzle as temperatures soar. Time to milk gains?
Concerns over milk shortages amid soaring temperatures, when peak summer demand has just started to kick in, have given a fillip to dairy stocks over the last one month. Shares of Heritage Foods have rallied 23% while those of Parag Milk are up 10% in anticipation of further price hikes, which could boost the margins […]
Early signs of emerging stability in milk prices
Global SMP prices have corrected 35% YoY in Feb’23. Even after adjusting for benefits of INR depreciation, we believe the profitability in SMP exports is very weak. Lower SMP exports will likely reduce the mismatch between demand and supply of milk in India. Though the cattle feed prices are still in inflationary zone, we model […]
Heritage Foods: Will margins make a comeback for this dairy company?
The stock price gained over 9 percent on September 30. The company announced 1:1 Rights Issue through a regulatory filing. “The Board of Directors of the Company at the meeting approved to issue equity shares in the ratio of 1:1 by way of Rights Issue basis at the face value of Rs 5 each per […]
