Heritage Foods achieves Rs 45,000 crore annual revenue milestone amid challenges

Yash Agarwal — Mon, 11 May 2026 10:51:17 +0000

Heritage Foods Limited, a prominent player in the dairy sector, has reported its financial results for the quarter and year ending 31 March 2026, revealing a significant milestone of crossing ₹45,000 million in annual revenue. Despite facing severe supply-side challenges and elevated input costs, the company demonstrated resilience and growth.

In the fourth quarter of FY26, Heritage Foods navigated through unprecedented supply-side challenges and historic high price inflation with procurement resilience. The average landed milk costs rose to ₹46.7 per litre in Q4FY26, marking an 8% year-on-year increase. Despite these challenges, the company’s procurement volumes remained at 16.38 LLPD in Q4FY26.

The consumer business of Heritage Foods continued its double-digit growth momentum, with a 12% year-on-year growth in ex-bulk-fats sales revenue for Q4FY26 and 11% for the entire fiscal year. The company saw strong traction across value-added products, premiumisation, and sustained market share gain across key categories and markets.

In terms of financial performance, Heritage Foods reported a revenue of ₹11,576 million for Q4FY26, a 10% increase year-on-year. The company also achieved a gross margin of 22%, although this represented a decline of 308 basis points year-on-year. The EBITDA stood at ₹522 million, with an EBITDA margin of 4.5%, reflecting a decrease of 311 basis points year-on-year. The profit after tax (PAT) was ₹239 million, a 37% decline year-on-year.

The company highlighted strong momentum across its value-added products (VAP), with VAP revenue growing 18% year-on-year to ₹3,957 million in Q4FY26. The VAP contribution improved to 35.5% in Q4FY26, compared to 32.5% in the same period the previous year.

Heritage Nutrivet Limited, a wholly-owned subsidiary, reported a 33% increase in revenue to ₹2,454 million for FY26. The profit before tax surged to ₹206 million, underscoring operational excellence and strategic execution.

Mrs. Brahmani Nara, Executive Director of Heritage Foods, commented on the results, stating that FY26 was one of the toughest operating environments for the dairy industry in recent years. Despite these challenges, the company delivered resilient revenue growth of 9% year-on-year to ₹45,260 million, reflecting the strength of its consumer patronage and execution capabilities.

The company remains focused on strengthening procurement infrastructure, expanding distribution reach, and scaling high-growth categories. With continued investments in premiumisation, new capacities, and value-added products, Heritage Foods is well-positioned to drive sustainable long-term growth as industry conditions gradually normalise.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Heritage Nutrivet Limited | Business Upturn

Heritage Foods achieves Rs 45,000 crore annual revenue milestone amid challenges