Heritage Foods Ltd

Heritage Foods Q3 FY26: 8% Revenue Growth & Strong VAP Performance 📈🥛

- Revenue grew 8% YoY, exceeding ₹11,000 million in Q3 FY26.

- Value-added products revenue increased 13.8% YoY to ₹3,271 million.

- Consumer VAP (including ghee and butter) rose 22.6% to ₹4,189 million, contributing 38.4% of total revenue.

- Subsidiary Heritage Nutrivet Limited revenue grew 27% YoY to ₹645 million, with profit before tax at ₹55 million.

- Raw milk costs increased 9% YoY to ₹45.55 per liter.

- Average selling price rose 4.9% to ₹57.31 per liter.

- Milk procurement volumes declined 9% YoY to 16.73 lakh liters per day due to adverse weather.

- Milk sales volume increased 2.1% YoY to 11.94 lakh liters per day.

- Strong growth in VAP categories: paneer up 25%, ice creams up 18%, lassi up 29%, milkshakes up 36%.

- Curd exceeded 400 tons per day for the first time in Q3.

- New ice cream and flavored milk plants expected to be commissioned in Q4 FY26.