Heritage Foods Q2 net slips 39% to ₹31 cr amid higher revenue

Heritage Foods Q2 net slips 39% to ₹31 cr amid higher revenue left Heritage Food says near-term cost pressures persist The Hindu The Hindu https://th-i.thgim.com/public/incoming/pcjiwt/article71588719.ece/alternates/FREE_1200/heritage%20panner.jpg Venkatesan R 5375 Milk procurement volumes increased 7% YoY in Q2 FY27 and 4% in H1 FY27 despite monsoon-related supply constraints. HYDERABAD Dairy company Heritage Foods’ consolidated net profit for the September quarter declined 39% year-on-year (YoY) to ₹30.85 crore, even as revenue from operations rose 19% to ₹1,319.6 crore. The revenue growth and a 98bps sequential recovery in EBITDA (earnings before interest, taxes, depreciation and amortisation) margin to 5.6% came in the face of elevated milk procurement costs. The performance reflects the resilience of Heritage’s integrated dairy model, strong consumer franchise and continued traction across the VAP portfolio, Executive Director Brahmani Nara said. On a sequential basis, net profit was 24% higher and revenue flat.