Heritage Foods' Q2 FY 2025-26 Quarterly Results

Result Summary

• Heritage Foods Ltd reported a 2.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 8.8%.
• Its expenses for the quarter were down by 2.4% QoQ and up 10.6% YoY.
• The net profit increased 25.8% QoQ and increased 4.9% YoY.
• The earnings per share (EPS) of Heritage Foods Ltd stood at 5.5 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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 player in the dairy industry, primarily engaged in the production and distribution of milk and milk-related products. The company offers a wide range of products including fresh milk, curd, paneer, and other value-added dairy products. Over the years, Heritage Foods has established a significant presence in the Indian market, catering to the increasing demand for dairy products driven by rising health consciousness and dietary preferences. As of the latest updates until October 2023, there are no specific major developments reported. Heritage Foods continues to focus on expanding its product portfolio while enhancing its distribution network to reach a broader customer base.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), Heritage Foods Ltd reported a total income of ₹1117.68 crores. This represents a decrease of 2.1% compared to the first quarter of the same fiscal year (Q1FY26), where the total income stood at ₹1142.03 crores. However, when compared to the same period in the previous fiscal year (Q2FY25), the company experienced an increase in total income by 8.8%, up from ₹1026.97 crores. This year-over-year growth highlights the company’s improved revenue performance over the past year.

Profitability

During Q2FY26, Heritage Foods Ltd achieved a profit before tax of ₹67.76 crores, marking a significant quarter-over-quarter increase of 20.4% from ₹56.26 crores in Q1FY26. The tax expense for the quarter was ₹16.76 crores, which is a 16.4% increase from the previous quarter's ₹14.40 crores but a decrease of 11.0% compared to the tax expense of ₹18.84 crores in Q2FY25. The profit after tax for Q2FY26 was ₹51.00 crores, reflecting a 25.8% increase from the ₹40.55 crores reported in Q1FY26 and a 4.9% increase year-over-year from ₹48.63 crores in Q2FY25. Earnings per share also improved to ₹5.50 in Q2FY26 from ₹4.37 in Q1FY26, representing a quarter-over-quarter increase of 25.9%.

Operating Metrics

Heritage Foods Ltd's total expenses in Q2FY26 were ₹1059.28 crores, showing a decrease of 2.4% from ₹1085.77 crores in Q1FY26. This reduction in expenses contributed to the improved profitability margins observed during the quarter. On a year-over-year basis, total expenses increased by 10.6% from ₹957.50 crores in Q2FY25, indicating higher operational costs compared to the previous year. Despite the increase in expenses year-over-year, the company's ability to manage costs effectively in the recent quarter positively impacted its profitability metrics. The company’s financial performance in Q2FY26 demonstrates its continued efforts in cost management and operational efficiency.