Heritage launches Mozzarella Cheese, Cream and Cool cafe
Heritage Foods has expanded its product portfolio by adding four products. Covid times saw an upsurge in consumption of protein rich foods like cheese as well as cream and butter. The demand of these products in retail consumer segment is showing a higher growth rate. Heritage foods launched Mozzarella and processed cheese in the protein […]
Heritage Foods reports Rs 26 Crores net profit in Quarter 3, FY 2020-21
Heritage Foods reported -10.04% fall in total revenues for the Dec-20 quarter on consolidated basis at Rs604.92cr. It reported -10.04% fall in total revenues for the Dec-20 quarter on consolidated basis at Rs604.92cr. The dairy products business saw a sharp 15% fall on yoy basis due to the lockdown impacting the downstream retail businesses. The […]
Heritage Foods launches probiotic curd with immunity benefits
Will initially be available in Hyderabad, later in the rest of the country Heritage Foods has launched a probiotic curd containing the Bifidobacterium strain which boosts the immune system by improving overall gut health. The probiotic curd is rich in good bacteria and offers nutritional benefits to improve gut health. Healthy gut leads to high […]
Heritage share price might have been rigged on the bourses: Jagan
Asserting that the partnership with Gujarat Cooperative Milk Marketing Federation (Amul) will make dairy farming a profitable business for nearly 30 lakh women, Chief Minister Y.S. Jagan Mohan Reddy has accused his predecessor N. Chandrababu Naidu of killing cooperative dairies in the State to benefit private ones such as Sangam, Visakha and Jersey and his […]
Heritage foods net profit jumps from 11Cr to Rs 54 crores in second quarter
Heritage Foods Ltd, one of the leading private dairy players in India, has announced its financial results for the second quarter ended September 30, 2020. The consolidated revenue from operations was at Rs 610.03 crore. EBIDTA rose 258 per cent to Rs 88.99 crore in the second quarter as compared to Rs 24.18 crore in […]
Heritage foods shows an upward trend in Gross margins and EBIDTA
Heritage Foods (HFL) has doubled from its March low (down 58% from its January-2018-high). FY20 was a challenging year owing to a harsh season, which dragged down core Ebitda by 32% y-o-y. That said, we remain convinced about HFL’s prospects following: (i) Margin revival on the back of benign milk prices and pricing power to […]
