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Heritage Foods Limited Q1 FY27 results deck summary

NSE: HERITGFOOD · BSE: 519552

Results deck of 16 Jul 2026, summarised by AI from the filing.

Heritage Foods Q1 FY27 revenue ₹13,381 mn, up 18% YoY, with VAP at 44% of revenues.

Key takeaways

  1. Revenue Record quarterly revenue of ₹13,381 mn, up 18% YoY, with VAP at 44% of revenues.
  2. Guidance VAP (excl. bulk FATS) contribution to revenue targeted at 32% and gross margin at 32% by FY28E.
  3. Change VAP contribution to total revenue improved to 43.6% from 36.1% in Q1FY26.
  4. Driver VAP revenue grew 40% YoY to ₹5,636 mn, driven by premiumization and distribution expansion.
  5. Risk Elevated milk procurement costs and constrained milk availability weighed on profitability.

Original filing on BSE

Heritage Foods Limited Q1 FY27 results

As filed: 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).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • 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.
  • Q2 FY25: Revenue ₹1,020 cr (+4% year on year), EBITDA ₹83.0 cr (+77% year on year), PAT ₹49.0 cr (+123% year on year), EBITDA margin 8.1% (+334 bps). Score 76 of 100, Above trend. EBITDA margin rose 334 bps year on year. Not enough history for a trend yet: scored on growth alone. Profit fell 16% from last quarter.

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.