Heritage Foods Ltd (BOM:519552)

Q3 2026 Heritage Foods Ltd Earnings Call Transcript

Jan 28, 2026 / 05:30 AM GMT

Release Date Price: ₹362.85 (-8.60%)

Transcript

Key Points

Positve

Heritage Foods Ltd (BOM:519552) reported a resilient topline performance with consolidated revenue of ₹11,192 million, marking an 8% year-on-year growth.
Value-added product volumes grew 6.8% year-on-year, with categories like curd, paneer, drinkables, ghee, and ice cream showing positive growth.
The company achieved a significant milestone by crossing the ₹11,000 million quarterly revenue mark for the third consecutive quarter.
The Hyderabad ice cream plant is progressing well, with trial production underway and commercial commissioning expected soon.
Heritage Foods Ltd (BOM:519552) has been recognized among India's TOP50 manufacturing companies for its practices, reflecting strong leadership and governance.

Negative

Milk shortages and elevated procurement costs have led to margin pressure, impacting overall profitability.
Milk procurement volumes declined marginally by 0.82% to 16.86 lakh L per day for nine months of FY26, marking the first decline in several years.
The company faced a sharp escalation in milk procurement prices, which increased by 9% year-on-year, outpacing consumer price realizations.
Margin compression was further exacerbated by a one-time increase in provision for defined benefit obligations, impacting employee benefit expenses.
Despite efforts to pass on costs, the weighted average revenue increase was not sufficient to compensate for the raw material cost increase.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HEFI.NS - Heritage Foods Ltd
Q3 2026 Heritage Foods Ltd Earnings Call
Jan 29, 2026 / 05:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good morning and welcome to the Heritage Sports Q3 9 month FY26 earnings conference call hosted by Go India Advisors.

As a reminder, all participant lines will be in the listen-only mode.

And you will get an opportunity to ask questions after the presentation completes.

Should you need assistance during this conference call, please signal an operator by pressing, then 0 on your touchstone phone.

Please note that this conference is being recorded.

I now hand the conference over to Ms. Dia Kashwa from Go India Advisors.

Thank you and over to you, Ms. Dia.

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