Heritage Foods Ltd

Heritage Foods Q3 FY'26: Revenue Hits ₹11.2B, Margins Under Pressure 🥛

- Q3 FY'26 consolidated revenue: ₹11,192 million, up 8% year-on-year

- Third consecutive quarter with revenue above ₹11,000 million

- Value-added products contributed 38% of total revenue (up from 33.8% prior year)

- EBITDA: ₹629 million; PAT: ₹346 million

- Milk procurement declined 9% YoY to 16.73 lakh liters per day

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

- Value-added product volumes grew 6.8% year-on-year

- Procurement costs rose 9% year-on-year; December exit price: ₹46.01 per liter

- New Hyderabad plants for ice cream and flavored milk on track for Q4 FY'26 commissioning

- Management expects margin normalization ahead with improving supply and seasonal demand