Heritage Foods (BOM:519552) Gross Margin % : 20.90% (As of Dec. 2023)

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What is Heritage Foods Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Heritage Foods's Gross Profit for the three months ended in Dec. 2023 was ₹1,966 Mil. Heritage Foods's Revenue for the three months ended in Dec. 2023 was ₹9,411 Mil. Therefore, Heritage Foods's Gross Margin % for the quarter that ended in Dec. 2023 was 20.90%.

The historical rank and industry rank for Heritage Foods's Gross Margin % or its related term are showing as below:

BOM:519552' s Gross Margin % Range Over the Past 10 Years
Min: 17.46 Med: 19.76 Max: 24.84
Current: 19.75

During the past 13 years, the highest Gross Margin % of Heritage Foods was 24.84%. The lowest was 17.46%. And the median was 19.76%.

BOM:519552's Gross Margin % is ranked worse than
61.98% of 1807 companies
in the Consumer Packaged Goods industry
Industry Median: 25.07 vs BOM:519552: 19.75

Heritage Foods had a gross margin of 20.90% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Heritage Foods was 2.70% per year.

Heritage Foods Gross Margin % Historical Data

The historical data trend for Heritage Foods's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Heritage Foods Gross Margin % Chart

Heritage Foods Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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20.34

17.46

24.84

22.30

19.28

Heritage Foods Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															20.07	20.15	19.15	18.89	20.90

Competitive Comparison of Heritage Foods's Gross Margin %

For the Packaged Foods subindustry, Heritage Foods's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Heritage Foods's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Heritage Foods's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Heritage Foods's Gross Margin % falls into.

Heritage Foods Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Heritage Foods's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	6248	/	32406.34
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(32406.34 - 26158.3)	/	32406.34
	=	19.28 %

Heritage Foods's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1966.5	/	9411.02
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(9411.02 - 7444.56)	/	9411.02
	=	20.90 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Heritage Foods (BOM:519552) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Heritage Foods had a gross margin of 20.90% for the quarter that ended in Dec. 2023 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Heritage Foods Gross Margin % Related Terms

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Heritage Foods (BOM:519552) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Heritage Foods Ltd (BOM:519552) » Definitions » Gross Margin %

Traded in Other Exchanges

HERITGFOOD:India

Address

H. No. 8-2-293/82/A/1286, Road No-1 & 65, Jubilee Hills, Plot No. 1286, Hyderabad, TG, IND, 500033

Website

https://www.heritagefoods.in

Heritage Foods Ltd is engaged in the food-related and renewable energy business. The company's operating segments are Dairy Vertical, Renewable energy vertical, and Feed vertical. Dairy Vertical is engaged in the manufacturing and marketing of milk, curd, buttermilk, lassi, ice cream, paneer, table butter, milk powder, and others. Renewable energy vertical produces power for captive consumption through its solar and wind power plants whereas, feed vertical is engaged in the manufacturing of cattle and fish feeds. It generates a majority of its revenue from the Dairy Vertical segment.

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