The company has completed the acquisition on Monday by discharging the entire purchase consideration of Rs 9 crore to Sky Gate Hospitality
Heritage Foods, a dairy company offering milk and value-added dairy products, has completed the acquisition of 51 per cent 51% equity share capital of Peanutbutter and Jelly from Sky Gate Hospitality, as per a regulatory filing.
The company completed the said acquisition on Monday by discharging the entire purchase consideration of Rs 9 crore to Sky Gate Hospitality, in accordance with the terms of the Share Purchase Agreement (SPA). Pursuant to the completion of the acquisition, Peanutbutter and Jelly has become a subsidiary of Heritage Foods.
On 30 December 2025, the company informed the stock exchange that SPA was duly executed. Earlier, on 27 October 2025, Heritage Foods informed its plan to acquire a majority stake in the company that owns Get-A-Way, a guilt-free indulgence brand specialising in high-protein, no added sugar ice creams and desserts.
The deal also provides Heritage Foods the option to purchase an additional 20 per cent stake from the promoters after March 2026 at an appropriate valuation, it then said. The strategic investment marks an important step in Heritage Foods’ Vision 2030 roadmap of expanding its presence in the fast-growing ice cream and healthy dessert categories.
While Heritage Foods will provide strategic guidance and retain controlling stake, operational management will continue with the promoters, who will accelerate growth and strengthen brand equity while staying true to the company’s core purpose and consumers, it mentioned in its official statement on 27 October 2025.
Heritage Foods delivered a healthy 9 per cent YoY revenue growth in the second quarter of the current financial year, surpassing Rs 11,000 million in quarterly revenue for the second consecutive time, despite multiple headwinds, including inclement weather and elevated procurement costs.
Milk sales grew 1.1 per cent YoY to 12.1 lakh litres per day (llpd) in Q2FY26, supported by market expansion and brand strength. The average selling price rose 4.5 per cent YoY to Rs 57 per litre, the company’s financial results showed.
