Heritage Foods shares declined more than 5% in early trading following the release of its fourth-quarter consolidated results. As of 9:47 AM the shares were trading 5.30% higher at Rs 407.65.
The company reported a 10.3% year-on-year increase in revenue, reaching Rs 1,048 crore compared to Rs 950.5 crore in the same period last year.
EBITDA rose by 14% to Rs 79.8 crore from Rs 70.1 crore, with margins improving slightly to 7.6% from 7.4%. Despite growth in top-line and EBITDA, net profit fell by 5.7%, standing at Rs 38.1 crore against Rs 40.4 crore in the previous year. The mixed financial performance appears to have influenced investor sentiment, impacting the stock price during the morning session.
Heritage Foods shares opened at ₹427.00, matching the day’s high, while the low touched ₹402.50. The stock remains well below its 52-week high of ₹727.35, yet comfortably above the 52-week low of ₹351.90.
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