The company’s revenue during the recently concluded quarter stood at Rs 10,339 million, marking a 10 per cent growth on-year
Registering an improvement in its financial performance on a year-on-year (YoY) basis, Heritage Foods, a dairy company offering milk and value-added dairy products has reported a 60 per cent YoY surge in its consolidated net profit for the third quarter of the current financial year (Q3FY25). The company’s net profit stood at Rs 431 million in Q3FY25.
The company’s revenue during the recently concluded quarter stood at Rs 10,339 million, marking a 10 per cent growth on-year. The earnings before interest, tax, depreciation and amortisation (EBITDA) witnessed a 43 per cent YoY growth and stood at Rs 741 million. The EBITDA margin was 7.2 per cent during the quarter, marking a 164 basis points (bps) YoY growth.
“A strong emphasis on value-added products (VAP), which have become a key driver of both revenue and high margins and continues to strengthen our market position. In parallel, our targeted marketing campaigns have played a crucial role in enhancing brand recognition and deepening consumer engagement,” stated Brahmani Nara, Executive Director.
Q3 FY25 saw 12.62 per cent YoY growth in milk procurement to 1.84 Million Litre per Day (MLPD). The average milk procurement price dropped 2.7 per cent YoY to Rs 41.91 per litre, but higher than Q2 by Rs 1.66 per litre. The company registered 6.08 per cent YoY Increase in milk sales volumes to 1.17 MLPD but registered a minor dip in average selling price to Rs 54.64 per litre from Rs 55 per litre, due to mix change.
Heritage Foods saw growth in its Value-Added Products (VAP) segment, achieving a 17.6 per cent increase in revenues, reaching Rs 2,874 million. The contribution of VAP to total revenue rose to 28.2 per cent, up from 26.5 per cent in Q3 FY24.
