Business EconomyPosted at: Oct 15 2026 8:04PM


Heritage Foods Q2 revenue up 19 pc at Rs 1,319.6 crore; net profit down 39 pc

Hyderabad, Oct. 15 (UNI) Heritage Foods Limited on Thursday reported a 19 per cent year-on-year growth in consolidated revenue at Rs 1,319.6 crore for the second quarter ended September 30, 2026, while net profit declined 39 per cent to Rs 30.9 crore.
The company’s EBITDA stood at Rs 74 crore, down four per cent year-on-year, while its EBITDA margin improved 98 basis points sequentially to 5.6 per cent, despite higher milk procurement costs.
For the first half of FY27, consolidated revenue increased 18 per cent year-on-year to Rs 2,657.7 crore, while net profit fell 39 per cent to Rs 55.8 crore, the company said in a release.
EBITDA declined 10 per cent to Rs 135.8 crore, with the margin at 5.1 per cent.
Revenue from value-added products (VAP), excluding ghee and butter, rose 32 per cent year-on-year to Rs 451 crore in Q2 FY27. Their contribution to revenue increased to 35.4 per cent from 31.3 per cent in the corresponding quarter of the previous financial year.
Including ghee and butter, revenue from value-added products grew 31 per cent to Rs 540.8 crore, contributing 42.5 per cent of total revenue against 37.9 per cent a year earlier.
Among key categories, revenue from lassi grew 91 per cent year-on-year, ice cream 81 per cent, buttermilk 66 per cent, paneer 38 per cent and curd 26 per cent.
Milk revenue increased 8.5 per cent during the quarter, supported by 2.5 per cent growth in sales volumes and calibrated price increases.
Average milk realisation rose six per cent year-on-year to Rs 60.34 per litre.
Milk procurement volumes grew seven per cent year-on-year to 17.28 lakh litres per day in Q2 FY27. However, the average landed procurement cost increased 11 per cent to Rs 47.73 per litre, amid sustained demand, limited improvement in milk arrivals and higher feed and fodder costs.
The company said daily curd sales crossed 500 tonnes during the quarter. Nourish High Protein Paneer accounted for more than 15 per cent of its paneer portfolio.
It also expanded its nutrition-focused range with the launch of high-protein curd and Greek yogurt.
Heritage Nutrivet Limited, a wholly owned subsidiary, recorded revenue of Rs 85.3 crore in Q2 FY27, up 47 per cent year-on-year, and a profit before tax of Rs 3.7 crore.
Executive Director Brahmani Nara said the company would continue to strengthen its milk procurement network, expand value-added product capacity and focus on innovation in premium and nutrition-led categories.
She said the company remained focused on improving profitability through premiumisation, cost control and operational efficiency despite near-term cost pressures.
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Tags: #Heritage Foods Q2 revenue up 19 pc at Rs 1#319.6 crore; net profit down 39 pc
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