Heritage Foods Q1FY27 Revenue Hits ₹13,381 Mn, Up 18% YoY
Heritage Foods Limited announced its un-audited financial results for the quarter ended June 30, 2026, reporting a consolidated revenue of ₹13,381 million, an 18% year-on-year increase, marking its highest-ever quarterly revenue. Despite a challenging industry environment with a 7% YoY increase in milk procurement prices, the company achieved 2% YoY growth in milk procurement volumes by prioritizing farmer engagement. Value-added products (VAP) contributed a record 44% of revenue, with significant volume growth in Paneer (+33%), Curd (+26%), Buttermilk (+60%), Lassi (+98%), and Ice Cream (+25%). The ice cream business, including GETAWAY, grew 65% YoY to ₹550 million. Strategic investments included acquiring full ownership of Heritage Novandie Foods Limited and increasing its stake in Peanut Butter and Jelly Limited to 71%.
Key Highlights
- Consolidated revenue reached ₹13,381 Mn, an 18% YoY increase.
- Value-added products portfolio reached a record 44% of revenue.
- Milk procurement volumes grew 2% YoY despite 7% higher procurement prices.
- Acquired full ownership of Heritage Novandie Foods and increased stake in GETAWAY.
- Ice cream business revenue grew 65% YoY to ₹550 million.
Price Impact
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