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Quarterly performance largely backed by improved realisations-
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Category: Heritage
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Steady margin recovery amid a normal flush
Heritage Foods posted a reasonable Q3FY24 performance, albeit below analysts of IIFL Securities estimates due to higher employee and other expenses. With a normal flush season playing out during the quarter, Ebitda margin has steadily improved from 4.4% in Q1FY24 to ~5.8% in Q3FY24 (adjusted for bulk fat sales). However, analysts of IIFL Securities believe that the low hanging fruits on margin improvement may have been largely plucked and growth from here on…
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Heritage Foods Q3 FY24 Results Live: Profit Rises by 96% YoY
Heritage Foods declared their Q3 FY24 results on 29 Jan, 2024. The topline increased by 19.74% & the profit increased by 96% YoY. As compared to the previous quarter, the revenue declined by 3.83% and the profit increased by 20.02%.
The Selling, general & administrative expenses rose by 6.85% q-o-q &…
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India’s Heritage Foods posts Q3 profit surge on strong demand for dairy products, ET Retail
Representative image.BENGALURU: India’s Heritage Foods reported a 96% jump in third-quarter profit on Monday, helped by strong demand for its dairy products.The dairy producer’s consolidated profit rose to 269 million rupees ($3.2 million) for the quarter ended Dec. 31 from 137.3 million rupees a year earlier.The average selling price of milk rose 5.2% year-on-year, boosting the company’s revenue from the dairy business – its biggest segment – by nearly…
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Heritage Foods Q3 PAT up at ₹Rs 27 crore
Heritage Foods has reported a net profit of ₹27 crore in the third quarter ended December 31, 2023, showing a year-on-year growth of 96.4 per cent. During the quarter, it registered a revenue of ₹941.10 crore, showing a growth of 19.7 per cent. Also read: Companies that declare results today: January 29, 2024“We continued our strong growth momentum in topline and bottom line in the third quarter of financial year 2023-24, driven by strong volume growth in our valued-added products…
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Hot Stocks | Bet on National Fertilizers, MOIL, Heritage Foods for double-digit returns
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The Nifty witnessed a tweezer-top candlestick formation near the 21,125 levels, which is a bearish reversal pattern. The index now sees strong support at the 21,970, 21,830, and 21,640 levels. Only below the 20-DMA of 21,640, we may expect some profit-booking in the market, where 21,450 and 21,000 are the next…
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Stocks to buy: Heritage Foods, Bank of India among top fundamental picks by HDFC Securities
The Indian stock market indices, Sensex and Nifty 50, traded higher on Thursday led by gains in automobile and banking stocks. Broader markets outperformed the frontliners as the midcap and smallcap indices gained half a percent each.
The market is trading in a range and needs a strong trigger to break…
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