Heritage Foods, a dairy company, has reported a 5% increase in consolidated net profit for the September quarter, reaching ₹51 crore compared to ₹48.6 crore in the same period last year. This growth was driven by a 9% increase in revenue from operations, which rose to ₹1,112.5 crore from ₹1,019.5 crore. Notably, this is the second consecutive quarter that the company’s revenue has surpassed the ₹1,100 crore mark.
Despite facing challenges such as elevated procurement costs and an extended monsoon season, the company was able to achieve revenue growth through calibrated price adjustments to offset inflationary pressures. Executive Director Brahmani Nara expressed confidence in the company’s prospects for the second half of the fiscal year, citing factors such as improving milk availability, GST-led benefits, festive demand, and seasonal recovery.
The company is well-positioned for robust growth in value-added products, including curd, paneer, and emerging categories, driven by festive season consumption and flush season milk availability. The GST-led tailwinds are also expected to contribute to the company’s growth. With its strong performance and favorable market conditions, Heritage Foods is poised for a stronger second half of the fiscal year.
The company’s ability to navigate challenging operating conditions and achieve revenue growth is a testament to its resilience and strategic pricing decisions. As the dairy industry continues to evolve, Heritage Foods is likely to remain a key player, driven by its focus on value-added products and its ability to adapt to changing market conditions. With the festive season underway, the company is likely to benefit from increased demand for its products, setting it up for a strong finish to the fiscal year. Overall, Heritage Foods’ performance in the September quarter is a positive indicator of its prospects for the remainder of the year.