loader2
Partner With Us NRI

Company details

330.25
339.20
250.25
565.00
6M Return 0.71%
1Y Return -27.90%
Mkt Cap.(Cr) 1,546.21
Volume 31,043
Div Yield 1.50%
OI
-
OI Chg %
-
Volume 31,043

Open Free Demat Account Online with ICICIDIRECT

SWOT

  • swot

  • technicals

  • deals

  • shareholding


EMA SMA

Delivery and volume

Rapid Results

Q1FY23 Quarterly Result Announced for Heritage Foods Ltd.

Packaged Foods firm Heritage Foods Announced Q1FY23 Result :

  • Solid consolidated Q1FY23 revenue growth by 27% YoY, to INR 8,209 million
  • 756 bps YoY growth in Value Added Products (VAP) contribution to 34.86% of Q1FY23 ’s revenue
  • Revenue from operations was at INR 8,209 million during the quarter
  • EBIDTA stood at INR 220 million in Q1FY23, compared to INR 298 million in Q4 FY22
  • Net Profit during the quarter stood at INR 73 million in Q1FY23

Commenting on the results, Mrs. Brahmani Nara, Executive Director, said, “Amidst the challenging environment, the Company is making efforts to grow sustainably. Even though we posted solid consolidated Q1FY23 revenue growth by 27% YoY, increases in procurement and operational costs kept the quarter's net profits under check to INR 73 million. The Company is continually expanding its portfolio of value-added products and, in Q1 FY23, we launched 3 value added products. Along with expanding our value-added range, we are continually focusing on extending our customer and geographical reach. Parallelly, we are implementing strategic initiatives to focus on quality growth and improving profitability. Our marketing strategies are being redesigned to understand consumer preferences and behaviour patterns, and are being aligned more closely with our portfolio. As we continue to enjoy strong sequential demand growth for our products, we are placing concerted efforts for improving our profitability in the coming quarters.”

Result PDF

Financials

  • Profit and loss statement

  • Balance sheet

  • Quarterly Result

  • Ratio

Sales(Cr.)

Operating Profit(Cr.)

Profit after Tax(Cr.)

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after tax

PE

Debt/Equity

P BV

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 654.36 Cr FV: 5.00
Period MF Net Purchase / (sold) FII Net
LAST 1M 15,509.20 -8,578.65
LAST 3M 18,287.41 29,096.76
LAST 6M 90,792.99 -64,390.79
LAST 12M 213,883.43 -208,257.14

Information

  • About Company
  • Company Info
  • Listing Info
19.37
39.43%
141.0326
19.68%
15.33%
Description
  • Heritage Foods Ltd. is an Indian public listed company that is primarily involved in the dairy industry. It also has a renewable energy division. The dairy division is the flagship business vertical of the company.

    Heritage Foods Ltd. was established in 1992. In 1994, the company went public and was oversubscribed 54 times. Heritage Foods Ltd. is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The NSE has allotted the company a symbol of HERITGFOOD while it is recognised by the number 519552 on the BSE. The company has a total market capitalisation of Rs. 1.55 trillion crore. Heritage Foods share price as of April 1, 2022 was Rs. 331.00. Heritage Foods stock price hit a 52-week high at Rs. 565 while the company recorded a 52-week low at Rs. 287.70. Heritage Foods stock has a price to earnings ratio of 13.38 as of April 4, 2022. The company’s price to book ratio was 0.41 as of the same date.

    Heritage Foods’ dairy product division manufactures milk and milk products, such as fresh milk, curd, buttermilk, lassi, ice creams, paneer, milk powder, dairy whitener, etc. Currently, Heritage’s milk and milk products have a market presence in Andhra Pradesh, Telangana, Karnataka, Kerala, Tamil Nadu, Maharashtra, Odisha, NCR Delhi, Haryana, Rajasthan, Uttarakhand, and Uttar Pradesh. The company procures 1.3 million litres of milk per day and has a chilling capacity of 2.1 million litres per day. Heritage Foods Ltd.’s processing capacity is 2.7 million litres per day. The company has a total of 6,223 distributors across the country and 0.13 million retail outlets. The renewable energy division produces power through its solar and wind power plants.

    Heritage Foods Ltd. reported a total revenue of Rs. 670.1 crore for the December quarter of 2021, compared to the revenue of Rs. 606.02 crore for the same period in the previous year. It earned a total profit of Rs. 20.70 crore for the December quarter of 2021 while for the previous year, the company reported a profit for Rs. 26 crore. Heritage Foods reported an earnings per share of Rs. 4.49 for the December quarter of 2021, compared to an earnings per share of Rs. 5.68 during the same period in the previous year.

    Disclaimer:- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Read More

Registered Address

6-3-541/C, Panjagutta, Hyderabad, Telangana, 500082

Tel : 91-40-23391221/23391222
Email : hfl:heritagefoods.co.in
Website : http://www.heritagefoods.in

Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 519552
NSE Code : HERITGFOOD
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE978A01027

ICICIdirect Heritage Foods Ltd FAQ

You can buy Heritage Foods Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Heritage Foods Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Oct 06, 2022 04:01 PM the closing price of Heritage Foods Ltd was ₹ 333.25.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Oct 06, 2022 04:01 PM, the market cap of Heritage Foods Ltd stood at ₹ 1,546.21.
The latest PE ratio of Heritage Foods Ltd as of Oct 06, 2022 04:01 PM is 19.37
The latest PB ratio of Heritage Foods Ltd as of Oct 06, 2022 04:01 PM is 0.42
The 52-week high of Heritage Foods Ltd is ₹ 565.00 while the 52-week low is ₹ 250.25 .

Thank you for subscribing to Equity/ Equity Research/MF/FnO Newsletter. You will hear from us shortly.

for your vote

CLOSE