Heritage Foods Limited Announces Subsidiary Acquisitions and Quarterly Financial Results
Heritage Foods Limited has announced significant corporate developments, including the acquisition of additional equity stakes in two of its subsidiaries and the release of its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved these measures during their meeting held on July 16, 2026.Strategic Acquisitions of Subsidiary Stakes
The company is expanding its footprint in the healthy desserts and dairy segments through strategic investments in its existing subsidiaries.Peanutbutter and Jelly Limited (PBJL)
Heritage Foods Limited will acquire an additional 20% equity stake in PBJL, a subsidiary involved in curating and retailing healthy desserts such as Protein Ice Creams, Keto Desserts, and Vegan Ice Pops under the brand name "GET AWAY."
The acquisition involves:
- Cost of Acquisition: INR 7.20 Crore.
- Shareholding Impact: The company's shareholding will increase from 51% to 71%.
- Timeline: Completion is expected within 30 days of Board approval, subject to conditions precedent.
Heritage Novandie Foods Limited (HNFL)
The company is also acquiring the remaining 5.60% equity stake in HNFL, a subsidiary engaged in manufacturing flavored yogurt products under the brand name "Livo." This transaction will result in HNFL becoming a Wholly Owned Subsidiary of Heritage Foods Limited.
The acquisition details include:
- Cost of Acquisition: INR 25 Lakhs.
- Shareholding Impact: The company's shareholding will increase from 94.40% to 100%.
- Timeline: Completion is expected within 45 days from Board approval, subject to conditions precedent.
Quarterly Financial Performance
The unaudited financial results for the quarter ended June 30, 2026, show a steady operational performance for Heritage Foods Limited.Standalone Financial Highlights (Quarter Ended June 30, 2026)
| Particulars | Amount (in millions) | Q3 FY2026 (Mar 31, 2026) | Q2 FY2026 (Jun 30, 2025) | FY2026 (Mar 31, 2026) |
|---|---|---|---|---|
| Revenue from Operations | 12,917.54 | 11,143.04 | 11,189.40 | 44,150.65 |
| Other Income | 62.88 | 56.89 | 52.39 | 236.90 |
| Total Income | 12,980.42 | 11,199.93 | 11,241.79 | 44,387.55 |
| Cost of Materials Consumed | 9,743.79 | 9,033.02 | 7,826.57 | 32,023.28 |
| Employee Benefit Expenses | 870.04 | 763.20 | 806.52 | 3,151.15 |
| Finance Costs | 80.39 | 52.48 | 41.54 | 165.89 |
| Depreciation and Amortization | 248.06 | 200.18 | 179.72 | 764.93 |
| Total Expenses | 12,651.97 | 10,899.63 | 10,735.59 | 42,625.60 |
| Profit Before Tax | 328.45 | 302.72 | 506.20 | 1,857.93 |
| Tax Expense | 67.60 | 6.97 | 121.90 | 372.17 |
| Profit for the Period | 247.70 | 230.44 | 377.58 | 1,397.01 |
Consolidated Financial Highlights (Quarter Ended June 30, 2026)
| Particulars | Amount (in millions) | Q3 FY2026 (Mar 31, 2026) | Q2 FY2026 (Jun 30, 2025) | FY2026 (Mar 31, 2026) |
|---|---|---|---|---|
| Revenue from Operations | 13,380.94 | 11,575.61 | 11,367.55 | 45,259.91 |
| Other Income | 64.09 | 60.39 | 52.72 | 242.30 |
| Total Income | 13,445.03 | 11,636.00 | 11,420.27 | 45,502.21 |
| Cost of Materials Consumed | 10,224.64 | 9,522.22 | 8,072.54 | 33,361.34 |
| Employee Benefit Expenses | 917.95 | 805.32 | 841.67 | 3,310.65 |
| Finance Costs | 82.34 | 53.16 | 42.06 | 172.22 |
| Depreciation and Amortization | 264.89 | 217.62 | 186.94 | 809.83 |
| Total Expenses | 13,109.54 | 11,324.09 | 10,857.68 | 43,579.26 |
| Profit Before Tax | 335.49 | 319.70 | 549.47 | 2,011.18 |
| Tax Expense | 69.80 | 13.07 | 138.50 | 413.39 |
| Profit for the Period | 249.71 | 239.44 | 405.46 | 1,501.38 |
The management identified Dairy and Renewable Energy as reportable segments under Ind AS 108. The company also noted that exceptional items for the year ended March 31, 2026, included a refund of differential GST liability and a provision for impairment loss on investment.
HERITGFOOD Stock Price Movement
Heritage Foods Limited shares edged higher to close at ₹338.00 today, gaining 0.94%. The stock saw a total traded volume of 426,538 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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