Heritage Foods attributed its strong performance to increased market share in core categories like curd and paneer, wider distribution reach, and significant growth in its value-added products (VAP) portfolio. The VAP segment recorded a 19% year-on-year revenue increase, reaching Rs 419.8 crore, and now accounts for 40.6 per cent of the company’s overall revenue

Heritage Foods Limited, one of India’s leading dairy companies, has announced its audited financial results for the fiscal year ending March 31, 2025, reporting its highest-ever annual and quarterly revenues. The company’s revenue rose 9 per cent year-on-year (YoY) to Rs 41,346 million, while profit after tax soared 77 per cent to Rs 1,883 million.

The strong results were driven by increased market share in key product segments like curd and paneer, expanded distribution networks, and robust growth in the value-added products (VAP) category. The VAP segment—which includes high-margin products such as ghee and butter—grew 19 per cent YoY to Rs 4,198 million and now contributes 40.6 per cent to the company’s total revenue.

Operational performance also improved significantly. EBITDA jumped 58 per cent YoY to Rs 3,310 million, with margins rising to 8%. Gross profit margins climbed to 25 per cent, up from 20.7 per cent last year, supported by optimized procurement and an improved product mix.

Milk procurement volumes increased by 10.4 per cent YoY to 1.72 million litres per day (MLPD), ensuring consistent supply amid market volatility. Liquid milk sales rose 4.5 per cent YoY to 1.16 MLPD, with the average selling price reaching Rs 55.6 per litre.

As part of its strategic initiatives, Heritage Foods acquired a majority stake in Heritage Novandie Foods Pvt. Ltd. (HNFPL) for Rs 8.5 crore, shifting to a leaner contract manufacturing model.

Executive Director Brahmani Nara expressed pride in the company’s performance, stating, “We’re proud to deliver our best-ever financial performance, despite industry headwinds. Our focus on value-added products, efficient sourcing, and brand strength has translated into sustainable growth. We continue to expand our presence across traditional and quick-commerce channels.”

The company’s subsidiary, Heritage Nutrivet Limited, which operates in the cattle feed sector, also posted strong results, with revenue growing 15.5 per cent YoY and profit after tax rising 137 per cent to Rs124 million.