Heritage Foods Q1 FY27 Revenue Hits Record ₹13,381 Million, VAP Growth at 40%
Heritage Foods reported a record Q1 FY27 revenue of ₹13,381 million, up 18% YoY. Value-added products (VAP) revenue grew 40% to ₹5,636 million, contributing 44% of total revenue. Milk procurement rose 2% to 18.10 lakh liters/day despite a 7% increase in costs. The company also highlighted strong growth in its ice cream and nutrivet businesses.
The announcement details record revenue, substantial growth in a key segment (VAP), and strategic expansion, which are material positive developments for the company's financial performance and market position.
The company reported record revenues, significant growth in value-added products, and strong performance across its business segments, indicating a positive financial and operational outlook.
Heritage Foods Limited announced its Q1 FY27 results, reporting a record consolidated revenue of ₹13,381 million, an 18% year-on-year increase. The company achieved an EBITDA of ₹619 million with a 4.6% margin and a profit after tax of ₹150 million, resulting in a 1.9% PAT margin.
Despite elevated milk procurement costs, which rose 7% year-on-year to ₹46.61 per liter, Heritage Foods managed to increase milk procurement volumes by 2% to 18.10 lakh liters per day. Average milk sale prices improved by 4% year-on-year to ₹58.68 per liter.
The value-added products (VAP) segment was the primary growth driver, with revenues growing 40% year-on-year to ₹5,636 million. This growth was fueled by strong volume increases across categories, including paneer (33%), curd (26%), ice cream (25%), buttermilk (60%), and lassi (98%). Consequently, VAP contributed a record 44% of consolidated revenues, up from 36% in the corresponding quarter last year. The broader VAP portfolio, including ghee and butter, grew 39% year-on-year to ₹6,322 million, accounting for 49% of consolidated revenues.
The ice cream business showed strong momentum, crossing ₹550 million with a 65% year-on-year growth. The newly commissioned ice cream facility reached approximately 40% capacity utilization.
Heritage Nutrivet reported revenue of ₹728 million, a 37% year-on-year growth, with a PBT of ₹20 million.
Strategic initiatives included making Heritage Novandie Foods a wholly owned subsidiary and increasing shareholding in Peanut Butter and Jelly Limited to 71%.
The company received the Investor Relations Excellence Award in the F&B category and its leadership was recognized by Fortune India.
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