Heritage Foods Reports Record Quarterly Revenue of ₹13,381 Million Amid Elevated Milk Inflation

Heritage Foods Reports Record Quarterly Revenue of ₹13,381 Million Amid Elevated Milk Inflation​

Heritage Foods Limited has announced its financial results for the quarter ended June 30, 2026, highlighting a significant milestone as the company achieved its highest-ever quarterly revenue. The dairy major reported a consolidated revenue of ₹13,381 million, representing an 18% year-on-year (YoY) growth, despite facing one of the most inflationary milk procurement environments in recent years.

Strategic Navigation of Milk Inflation​

The company navigated a challenging industry landscape where average landed milk procurement prices rose to ₹46.61 per liter, a 7.2% increase YoY. In response to industry-wide milk shortages, Heritage Foods prioritized its "farmer-first" approach to ensure supply continuity. This strategy resulted in a 2% YoY growth in milk procurement volumes, reaching 18.10 LLPD (Lakh Litres Per Day).

While elevated input costs weighed on profitability, the company maintained pricing discipline. Average milk selling prices were increased by 4% YoY to ₹58.68 per liter. This calibrated pricing action supported healthy volume-led growth, demonstrating the strength of the company’s brand equity and consumer loyalty.

Value-Added Products and Portfolio Expansion​

A key driver of the quarter's performance was the high contribution of Value-Added Products (VAP). VAP revenue grew 39.7% YoY to ₹5,636 million. The contribution of VAP (excluding consumer brands in Ghee and Butter) reached a record high of 44% of overall revenues, up from 36% in the same quarter of the previous year.

Significant growth was observed across specific categories:

• Lassi: +98%
• Buttermilk: +60%
• Paneer: +33%
• Ice Cream: +25%
• Curd: +26%

The ice cream segment, featuring brands like Alpenvie and GETAWAY, crossed ₹550 million in revenue, marking a 65% YoY growth. The company also reported that its new ice cream facility achieved 40% capacity utilization during the quarter.

Strategic Investments and Corporate Growth​

Heritage Foods bolstered its premium growth platforms through key corporate actions:

• Heritage Novandie Foods Limited: The company acquired the remaining 5.6% equity stake to become a wholly owned subsidiary, strengthening its position in the high-protein yogurt category.
• Peanut Butter and Jelly Limited: Heritage increased its stake to 71%, aligning with its investment roadmap to scale into nutrition-led categories.

Additionally, Heritage Nutrivet Limited, a wholly owned subsidiary, reported revenue of ₹728 million, a robust growth of 37% YoY, with a Profit before tax of ₹20 million.

Financial Summary Q1-FY27​

Product Innovation and Recognition​

The company continued to expand its differentiated product portfolio, including the launch of premium Creamy Shakes in Badam and Mango variants. The Nourish+ High Protein Paneer launched recently has already contributed over 15% of the overall paneer portfolio.

In terms of corporate recognition, Heritage Foods received the IR Excellence Award in the Food & Beverage category by the Investor Relations Society. Executive Director Mrs. N. Brahmani was also recognized among Fortune India's Most Powerful Women 2026.

HERITGFOOD Stock Price Movement​

Heritage Foods Limited shares edged higher today to settle at ₹335.65, gaining 0.94% in post-market activity. The stock saw a total traded volume of 426,538 shares as it navigated a day range between ₹333 and ₹342.