Heritage Foods Limited Earnings Summary — Q1 FY2027

• Standalone revenue from operations increased by 15.44% year-on-year to ₹12.92 billion.
• The board approved the acquisition of an additional 20% stake in Peanutbutter and Jelly Limited (PBJL), raising the company's total shareholding to 71%.
• Heritage Foods is set to acquire the remaining 5.60% stake in Heritage Novandie Foods Limited (HNFL), making it a wholly owned subsidiary.
• Despite revenue growth, Net Profit fell 34.4% compared to the same quarter last year, primarily due to higher raw material costs and interest expenses.
• The Dairy segment remains the primary driver of income, contributing ₹12.91 billion to the total revenue for the quarter.
• Segment assets for the Dairy division grew significantly to ₹15.99 billion from ₹11.16 billion a year ago.

Management focused on consolidation of subsidiaries through increased equity stakes in PBJL and HNFL to streamline operations and value-added product categories.

Stable

While top-line growth is robust and strategic acquisitions are unfolding, the sharp year-on-year drop in net profit and margins suggests continued cost pressures in the dairy sector.

The company is transitioning its joint ventures into subsidiaries or wholly owned entities, indicating a focus on tighter operational control and long-term brand building in the premium food segments like yogurt and spreads.