NEW DELHI: Heritage Foods, a leading dairy company in India, has reported a robust performance for the second quarter of the fiscal year 2025, showcasing significant growth in both revenue and profitability. For the quarter ending September 30, 2024, the company achieved a consolidated profit after tax (PAT) of ₹486 million, reflecting a remarkable year-on-year (YoY) increase of 117%.
The company reported revenue at ₹10,165 million, up 4.2% YoY and EBITDA at ₹832 million, up 7.8% YoY. EBITDA Margin is recorded at 8.16%, improving by 335 basis points. Profit After Tax (PAT) stood at ₹486 million, up 117% YoY
For the half-year ending September 2024, Heritage Foods posted a consolidated revenue of ₹20,522 million, a 7.8% YoY growth, with EBITDA soaring by 102.7% to ₹1,770 million. PAT for the six-month period reached ₹1,071 million, a 173% increase compared to the previous year.
Milk sales volumes grew by 5.11% YoY, with sales reaching 1.19 million liters per day (MLPD), though revenue growth remained subdued due to a marginal dip in average selling prices.
Value-Added Products VAP continued its momentum with a strong 15.5% YoY growth, contributing ₹2,977 million in revenue. When including consumer packs of Ghee and Butter, the VAP segment registered a 19.2% growth, accounting for 34.8% of total revenue.
In terms of procurement, average milk procurement for Q2 FY25 increased by 11.46% YoY to 1.64 MLPD, while procurement prices declined by 6.81% YoY.
Executive Director Mrs. Brahmani Nara attributed the company’s strong performance to strategic initiatives like geographic expansion, improved supply chains, targeted marketing, and a focus on high-margin VAP products. She emphasized that Heritage Foods’ innovation and growth in the VAP sector have been key drivers of profitability, with the company successfully navigating external challenges, including adverse weather conditions.
Heritage Nutrivet Limited, a wholly owned subsidiary, reported an 18% YoY growth in revenue to ₹855.37 million and a 117% increase in PAT to ₹42.94 million.
The company continues to strengthen its market presence, leveraging strategic marketing campaigns ahead of the festive season, and aims to capitalize on growing consumer demand for value-added dairy products.
Founded in 1992, Heritage Foods is one of India’s leading dairy brands, supplying milk and value-added products to over 1.5 million households across 12 states. The company is also recognized for its strong ESG practices, including renewable energy initiatives in its dairy facilities.