January 22, 2025 – Heritage Foods Limited (BSE: 519552, NSE: HERITGFOOD), a leading dairy company offering milk and value-added dairy products, has reported its financial results for the quarter ending 31 December 2024.
Q3-FY25 Financial Performance
- Revenue: ₹10,339 million, up 10% YoY
- EBITDA: ₹741 million, up 43% YoY
- EBITDA Margin: 7.2%, up 164 bps YoY
- PAT: ₹431 million, up 60% YoY
9M-FY25 Financial Performance
- Revenue: ₹30,861 million, up 9% YoY
- EBITDA: ₹2,511 million, up 80% YoY
- EBITDA Margin: 8.1%, up 324 bps YoY
- PAT: ₹1,501 million, up 127% YoY
Q3-FY25 Business Highlights
- Consistent Revenue Growth:
The company achieved revenue exceeding ₹10,000 million for the third consecutive quarter, reflecting a 10% YoY increase. - Milk Procurement:
In addition, daily milk procurement rose by 12.62% YoY, reaching 1.84 million litres per day. - Procurement Costs:
Notably, the average milk procurement price dropped by 2.7% YoY to ₹41.91 per litre, although it was ₹1.66 higher than in Q2 FY25. - Milk Sales Volume:
Furthermore, milk sales grew by 6.08% YoY to 1.17 million litres per day. However, there was a slight dip in the average selling price to ₹54.64 per litre, which can be attributed to a change in the product mix. - Value-Added Products (VAP):
The VAP segment saw impressive growth, with revenue rising by 17.6% YoY to ₹2,874 million. Consequently, VAP’s contribution to total revenue rose to 28.2%, compared to 26.5% in Q3 FY24. - Ghee and Butter Sales:
Including ghee and butter, VAP revenue reached ₹3,417 million, marking a 19.5% increase. As a result, this segment now contributes 33.5% to total revenue, up from 31% in the same period last year. - Festive Season Promotions:
To drive further growth in VAP sales, the company launched various festive campaigns, including a scan-and-win promotion for ghee and sweets.
Management Comments
Mrs. Brahmani Nara, Executive Director of Heritage Foods, commented on the results: “We are pleased with our performance this quarter, with revenue growing by 10% and a significant increase in net profit. Our focus on value-added products, along with strong marketing efforts, has helped strengthen our market position. Moving forward, we will continue to prioritise innovation and customer engagement, driving future growth and shareholder value.”us on innovation and customer engagement to drive future growth and shareholder value.”
