Heritage Foods Ltd's Q1FY26 Quarter Results
- 1d ago
Result Summary
- Heritage Foods Ltd reported a 19.6% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1FY26). On a year-on-year (YoY) basis, it witnessed a growth of 10.0%.
- Its expenses for the quarter were up by 20.9% QoQ and 13.2% YoY.
- The net profit increased 0.1% QoQ and decreased 30.6% YoY.
- The earnings per share (EPS) of Heritage Foods Ltd stood at 4.4 during Q1FY26.
Financial Statments for Q1FY26
| (₹ crores) | Q1FY26 | Q4FY25 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1142.03 | 955.08 | 1038.23 | 19.6% | 10.0% |
Total Expenses | 1085.77 | 898.00 | 958.90 | 20.9% | 13.2% |
Profit Before Tax | 56.26 | 56.46 | 77.78 | -0.4% | -27.7% |
Tax | 14.40 | 14.33 | 19.35 | 0.5% | -25.6% |
Profit After Tax | 40.55 | 40.50 | 58.43 | 0.1% | -30.6% |
Earnings Per Share | 4.40 | 4.40 | 6.30 | 0.0% | -30.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Heritage Foods Ltd is a prominent Indian company primarily engaged in the dairy industry. The company offers a wide range of products, including milk, curd, buttermilk, paneer, and other dairy-based products. Heritage Foods has established a significant presence in the Indian market through its extensive distribution network and focus on quality products. The company is also known for its initiatives in sustainable farming and efforts to enhance rural livelihoods. Recently, Heritage Foods has been focusing on expanding its product portfolio and enhancing its supply chain efficiencies. However, specific recent developments or strategic initiatives are not available from the provided information.
Revenue
In the first quarter of FY26, Heritage Foods Ltd reported a total income of ₹1142.03 crores, marking a substantial increase of 19.6% compared to the previous quarter (Q4FY25), where the total income was ₹955.08 crores. This growth is also reflected year-over-year (YoY), with a 10.0% rise from ₹1038.23 crores in Q1FY25. The consistent rise in total income suggests robust revenue generation capabilities, indicative of strong market demand or effective sales strategies.
Profitability
The profitability metrics for Heritage Foods Ltd showed mixed results. The company reported a Profit Before Tax (PBT) of ₹56.26 crores for Q1FY26, slightly down by 0.4% from ₹56.46 crores in Q4FY25, and a significant drop of 27.7% compared to ₹77.78 crores in Q1FY25. After accounting for taxes, the Profit After Tax (PAT) for the same quarter stood at ₹40.55 crores, almost unchanged from ₹40.50 crores in the previous quarter, but a notable decrease of 30.6% from ₹58.43 crores in the same quarter of the previous year. The Earnings Per Share (EPS) remained constant at ₹4.40 over the last quarter but decreased from ₹6.30 in the corresponding quarter of the previous year, reflecting the impact of reduced profitability on shareholder returns.
Operating Metrics
The total expenses for Q1FY26 were reported at ₹1085.77 crores, experiencing a 20.9% increase from ₹898.00 crores in the preceding quarter, and a 13.2% rise from ₹958.90 crores in Q1FY25. This escalation in expenses outpaced the growth in total income, which might have influenced the lower profit margins. Despite a slight decrease in pre-tax profits and stable post-tax profits quarter-over-quarter, the significant year-over-year reductions in profits may highlight challenges in managing operational costs or other external factors impacting the business environment.