Heritage Foods FY26 Revenue Crosses ₹45,000 Crore Amid Supply Challenges
Heritage Foods reported FY26 revenue of ₹45,260 million, up 9% YoY, despite milk shortages and high inflation. Q4 FY26 revenue grew 10% YoY to ₹11,576 million. Value-Added Products revenue increased 18% YoY in Q4. The company will host an earnings conference call on May 12, 2026.
The announcement details financial results, including revenue growth and profitability impacts, which are material for investors. The challenges faced and the company's strategy to overcome them provide insights into future performance.
While revenue showed growth, the PAT and EBITDA declined significantly year-on-year due to supply-side challenges and increased costs, making the overall sentiment neutral.
Heritage Foods Limited announced its audited financial results for the quarter and year ended March 31, 2026. The company demonstrated resilience in a challenging operating environment characterized by severe milk shortages and elevated input costs, crossing an annual revenue milestone of ₹45,000 million (₹4,500 crore).
For the fourth quarter of FY26, the company reported a revenue of ₹11,576 million, a 10% year-on-year increase. This growth was achieved despite a 7% year-on-year decrease in procurement volumes to 16.38 LLPD, as average procurement prices rose by 8% year-on-year to ₹46.67/litre due to industry-wide milk inflation. Milk sales volumes saw a modest 1% year-on-year growth to 11.73 LLPD, with average selling prices increasing by 4% year-on-year to ₹57.80/litre.
Value-Added Products (VAP) revenue demonstrated strong momentum, growing 18% year-on-year to ₹3,957 million in Q4 FY26 and contributing 35.5% to the revenue mix. Key VAP categories like paneer, curd, and ice cream showed robust volume growth. The company also highlighted innovation in new products and categories launched in FY26.
For the full fiscal year FY26, Heritage Foods reported a revenue of ₹45,260 million, a 9% year-on-year increase. EBITDA stood at ₹522 million, a 35% decrease year-on-year, and Profit After Tax (PAT) was ₹239 million, a 37% decrease year-on-year. The decrease in profitability was partly attributed to a one-time employee benefit provision of ₹48 million due to the implementation of new Labour Codes.
Mrs. Brahmani Nara, Executive Director, commented that despite the tough operating environment, the company achieved resilient revenue growth and maintained strong consumer patronage. She highlighted the continued focus on value-added products, premiumization, and scaling high-growth categories. The company's wholly-owned subsidiary, Heritage Nutrivet Limited, recorded a 33% year-on-year revenue increase to ₹2,454 million in FY26.
The company will host an earnings conference call on Tuesday, May 12, 2026, at 11:00 AM IST to discuss the financial results.
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Heritage Foods Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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