| Management target | Revenue 371.7% FY30 |
|---|
| Revenue growth | 18% YoY consolidated revenue growth in Q1 FY27. |
|---|---|
| Margins | EBITDA margin contracted to 4.6% from 6.5% YoY due to procurement inflation. |
| Demand visibility | Strong; record VAP contribution and stable milk sales volumes. |
| Management confidence | High; confident in sustainable long-term growth as industry conditions normalize. |
Growth
Revenue grew 18% YoY to ₹13,381 Mn; VAP revenue increased 40% YoY; PAT declined 38% YoY to ₹250 Mn.
Outlook
Targeting ₹500+ Cr Ice Cream revenue by FY30; acquired remaining 5.6% stake in Heritage Novandie Foods for 100% ownership.
Risks
High milk procurement prices (up 7% YoY) and industry-wide supply constraints temporarily weighed on profitability and EBITDA margins.
Last quarter's promises, checked
Delivered
- Guided VAP contribution expansion 2-2.5% → delivered 8.5% increase (44% vs 35.5% = BEAT)
- Guided ~INR 200 Cr annual CAPEX → delivered INR 380 Cr (BEAT)
- Guided 35-40% ice cream utilization → delivered record VAP growth (BEAT)
Partly delivered
- Guided 71% stake in PBJL → delivered 71% but PAT declined 38% (PARTIAL)
Missed
- Guided 4% milk volume growth → delivered 0.3% (MISS)
- Guided median 7% EBITDA margin → delivered 4.6% (MISS)
Earnings Call filed with BSE, NSE: HERITGFOOD. Summary written with AI assistance from the document.
Heritage Foods Ltd: key numbers
- Share price
- ₹400.65
- Market cap
- ₹3,718 Cr
- Revenue (annual)
- ₹4,526 Cr
- Net profit (annual)
- ₹150.1 Cr
- P/E (TTM)
- 27.6×Sector 42.5×
- Promoter holding
- 41.30%+0.00% QoQ
- FII holding
- 1.98%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Heritage Foods Ltd
All →Heritage Foods Acquisition
Heritage Foods Limited provided an update stating that its planned acquisition of an additional 5.60% stake in subsidiary Heritage Novandie Foods Limited is currently under process.
- Execution
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Heritage Foods Earnings Call Transcript: Key Takeaways
Heritage Foods reported its highest-ever quarterly revenue in Q1 FY27, driven by a 40% YoY surge in Value-Added Products (VAP). Management is pivoting toward a high-margin branded product mix.
- Call
- Guides 17% growth