Heritage Foods
Heritage Foods is growing, value-added products up 32% to ₹451 crore (ET Retail, 16 Oct).
What it means
Heritage Foods' revenue growth is the hard number; whether its price hikes and input costs kept up is the open question.
Reported: Revenue +19% in Q2 FY27 on a net profit of ₹30.9 cr; no profit growth figure to set against it.
Watch: Q3 FY27 results, expected mid Jan 2027 — revenue growth below Q2's 19%.
- Affected
- Milky Mist and Nestle India — a pace to matchDo now: benchmark your growth against this pace; re-check when Heritage Foods' profit growth prints.
- Heritage Foods' raw-material and packaging suppliers — orders growing with itDo now: plan its orders on this growth, and review terms after its next results.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
- Reported: Heritage Foods grew Q2 FY27 revenue 19% to ₹1,319.6 crore, with value-added products up 32% to ₹451 crore, so rival dairy operators now face a competitor growing its value-added lines faster than its total revenue.Reported: Heritage Foods Q2 FY27 revenue rises 19% to ₹1,320 crore; value-added products up 32%, PAT down 39%. Consolidated revenue was ₹1,319.6 crore, with EBITDA of ₹74 crore (5.6% margin, up sequentially). Value-added products grew 32% to ₹451 crore, but PAT fell 39% to ₹30.9 crore on higher milk costs.Watch:
- Reported: Protect dairy margins by tightening milk procurement, optimizing pack-price architecture and steering shoppers toward higher-margin value-added products as input costs remain elevated.Reported: Heritage Foods flags milk-price pressure as supply gaps and fodder costs persist. Heritage Foods CEO Srideep N Kesavan says milk prices have risen for five quarters, with supply-demand gaps, weaker animal productivity, costly inputs and monsoon-linked fodder shortages keeping pressure on dairy economics.Watch:
Background
From 7 stories, the newest dated 16 Oct 2026. Summary written 16 Oct 2026.
Heritage Foods is an Indian dairy company whose portfolio spans milk, ghee, paneer, curd, yogurt and ice cream. [1] source: CNBC-TV18
Show 3 more paragraphs and 7 sources
It sources milk from more than 3 lakh farmers across nine states, and milk accounts for roughly 52% of its revenue. [1] source: CNBC-TV18 Its brands include Get-A-Way, Heritage Novandie and Heritage Nutrivet, and it has a subsidiary, Heritage Novandie Foods Limited. [2] source: ET Retail[3] source: NSE India: company announcements
For Q2 FY27, Heritage Foods reported 19 per cent year-on-year growth in consolidated revenue to Rs 1,319.6 crore, while PAT fell 39 per cent to Rs 30.9 crore on higher milk costs. [2] source: ET Retail Value-added products revenue grew 32 per cent to Rs 451 crore. [2] source: ET Retail The board approved the results on 15 October 2026. [4] source: NSE India: company announcements In Q1 FY27 it reported revenue of ₹1,338 crore, up 18%, and PAT of ₹25 crore. [5] source: The Hindu BusinessLine On 9 October 2026 it paid for a further 5.60% equity stake in Heritage Novandie Foods Limited. [3] source: NSE India: company announcements In September 2026 it said it expects higher festive-season prices across its dairy products as feed, protein and milk costs rise. [1] source: CNBC-TV18
Srideep N Kesavan is the CEO of Heritage Foods. [6] source: The Hindu BusinessLine Business Today listed Heritage Foods in July 2026 among dairy majors such as Mother Dairy, Amul, Hatsun, Milky Mist and Parag Milk Foods that are pivoting to value-added products. [7] source: Business Today
Sources
Questions about Heritage Foods
Who leads Heritage Foods?
Srideep N Kesavan is the CEO of Heritage Foods, according to The Hindu BusinessLine in July 2026. [6] source: The Hindu BusinessLine
How fast is Heritage Foods growing in India?
Heritage Foods reported 19 per cent year-on-year growth in Q2 FY27 consolidated revenue to Rs 1,319.6 crore, while PAT fell 39 per cent to Rs 30.9 crore. [2] source: ET Retail
What is Heritage Foods' current strategy in India?
Heritage Foods paid on 9 October 2026 for a further 5.60% stake in its subsidiary Heritage Novandie Foods. [3] source: NSE India: company announcements In September 2026 it flagged higher festive-season prices across its dairy portfolio. [1] source: CNBC-TV18 Its value-added products revenue grew 32 per cent to Rs 451 crore in Q2 FY27. [2] source: ET Retail
Who are Heritage Foods' main competitors?
Business Today in July 2026 named Heritage Foods alongside Mother Dairy, Amul, Hatsun, Milky Mist, Godrej Jersey, Nestlé India and Parag Milk Foods as dairy majors pivoting to value-added products such as curd, ghee, paneer and protein. [7] source: Business Today
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