ResultsIQ

ResultsIQ › Latest results › Heritage Foods Limited

Heritage Foods Limited Q2 FY27 results press release summary

NSE: HERITGFOOD · BSE: 519552

Results press release of 15 Oct 2026, summarised by AI from the filing.

Heritage Foods Q2 FY27 revenue ₹13,196 mn, up 19% YoY; EBITDA margin recovers 98 bps QoQ to 5.6% despite milk cost inflation.

Key takeaways

  1. Q2 FY27 revenue ₹13,196 mn, up 19% YoY, driven by strong VAP growth, higher realisations and continued traction across the consumer portfolio.
  2. EBITDA margin 5.6% in Q2 FY27, recovering 98 bps QoQ despite elevated milk procurement costs.
  3. Milk procurement cost Average landed procurement prices rose 11% YoY to ₹47.73/L in Q2 FY27, up ₹4.74/Lt compared to Q2 FY26.
  4. VAP growth VAP revenue (excluding Ghee/Butter) grew 32% YoY to ₹4,510 mn in Q2 FY27, with contribution at 35.4%.
  5. Milk inflation Persistent milk inflation driven by sustained demand, limited improvement in milk arrivals and higher feed and fodder costs.

Original filing on BSE

Heritage Foods Limited Q2 FY27 results

As filed: Revenue ₹1,320 cr (+19% year on year), EBITDA ₹74.0 cr (−5% year on year), PAT ₹30.9 cr (−39% year on year), EBITDA margin 5.6% (−140 bps).

The Q2 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q1 FY27: Revenue ₹1,338 cr (+18% year on year), EBITDA ₹61.9 cr (−16% year on year), PAT ₹25.0 cr (−39% year on year), EBITDA margin 4.6% (−189 bps). Score 51 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 189 bps year on year. Revenue rose ₹201 cr on a year ago, more than the ₹104 cr it added the year before. Share price after the results: +6.7% in 29 days (Nifty 500: +1.6%).
  • Q4 FY26: Revenue ₹1,158 cr (+10% year on year), EBITDA ₹52.2 cr (−33% year on year), PAT ₹23.9 cr (−37% year on year), EBITDA margin 4.5% (−293 bps). Score 30 of 100, Below trend. Revenue growth was in line with the company's own trend; EBITDA and profit growth were well below it. EBITDA margin fell 293 bps year on year. Consolidated profit -37% but standalone +10%. Profit fell 31% from last quarter. Revenue rose ₹110 cr on a year ago, more than the ₹97.0 cr it added the year before. Share price after the results: −16.1% in 30 days (Nifty 500: −2.5%).
  • Q3 FY26: Revenue ₹1,119 cr (+8% year on year), EBITDA ₹63.0 cr (−16% year on year), PAT ₹34.6 cr (−20% year on year), EBITDA margin 5.6% (−162 bps). Score 28 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA and profit growth were well below it. EBITDA margin fell 162 bps year on year. Profit fell 32% from last quarter. Share price after the results: −18.4% in 30 days (Nifty 500: +0.4%).
  • Q2 FY26: Revenue ₹1,113 cr (+9% year on year), EBITDA ₹78.0 cr (−6% year on year), PAT ₹51.0 cr (−14% year on year), EBITDA margin 7.0% (−113 bps). Score 28 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA and profit before exceptional items growth were well below it. EBITDA margin fell 113 bps year on year. Share price after the results: −0.7% in 30 days (Nifty 500: +2.8%).
  • Q1 FY26: Revenue ₹1,137 cr (+10% year on year), EBITDA ₹74.0 cr (−21% year on year), PAT ₹41.0 cr (−29% year on year), EBITDA margin 6.5% (−259 bps). Score 24 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA and profit growth were well below it. EBITDA margin fell 259 bps year on year. Revenue rose ₹104 cr on a year ago, against ₹109 cr the year before. Share price after the results: −3.9% in 28 days (Nifty 500: −3.4%).
  • Q4 FY25: Revenue ₹1,048 cr (+10% year on year), EBITDA ₹78.0 cr (+13% year on year), PAT ₹38.0 cr (+15% year on year), EBITDA margin 7.4% (+19 bps). Score 26 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA and profit before exceptional items growth were well below it. EBITDA margin rose 19 bps year on year. Profit before exceptional items rose ₹8.0 cr on a year ago, against ₹29.0 cr the year before. Share price after the results: +7.7% in 28 days (Nifty 500: +0.2%).
  • Q3 FY25: Revenue ₹1,034 cr (+10% year on year), EBITDA ₹75.0 cr (+42% year on year), PAT ₹43.0 cr (+59% year on year), EBITDA margin 7.3% (+162 bps). Score 46 of 100, In line with trend. Revenue growth was below the company's own trend; EBITDA and profit growth were well below it. EBITDA margin rose 162 bps year on year. Profit fell 12% from last quarter. Profit rose ₹16.0 cr on a year ago, more than the ₹13.0 cr it added the year before.

Past price moves after results do not indicate future moves. Not a recommendation.

Heritage Foods Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.