Heritage Foods, the dairy company founded by N. Chandrababu Naidu, has seen its stock price soar following the landslide victory of Naidu’s Telugu Desam Party (TDP) in the Andhra Pradesh state elections, winning 16 out of 25 total seats. The stock is trading at ₹499, hitting the upper circuit as of 9:27 AM, up by Rs. 43.55, a 9.56% increase from the previous close, as investors anticipate further growth under Naidu’s leadership.
Founded in 1992 with the objective of “creating and sharing wealth ethically among the farming community,” Heritage Foods has grown to become a leading dairy player in the country. Under Naidu’s guidance, the company has expanded its presence across multiple states, serving millions of customers and benefiting over 300,000 farmers.
Heritage Foods reported a total income of ₹940.13 crore in the March 2024 quarter. The company’s strong financial performance reflects its successful business strategies and market positioning.
As Naidu prepares to take oath as the Chief Minister of Andhra Pradesh once again, investors are bullish on Heritage Foods’ future prospects. The company’s focus on ethical wealth creation for farmers, diversified product portfolio, and pan-India presence make it an attractive investment proposition. With Naidu at the helm, Heritage Foods is expected to capitalize on the favorable political environment in Andhra Pradesh and drive further growth in the coming years.
