
About Heritage Foods
Heritage Foods is a publicly listed company based in Hyderabad (India) founded in 1992 by Nara Chandrababu Naidu. Heritage Foods is engaged in manufacturing and supplying dairy products. It operates on a Direct-to-Consumer (D2C) and Reseller / Distribution model. The company has 6,220 employees. Heritage Foods has completed 2 acquisitions, including Get-A-Way and Vaman Milk Foods. Its chief executive, as recorded, is Srideep Kesavan. Its website heritagefoods.in draws about 34 thousand monthly visits. Its Indian entity Heritage Foods Limited reported revenue of ₹4,724 Cr. Heritage Foods offers products and services including Milk, Curd, Ghee, and Ice Creams. Its focus areas include Consumer Goods, Food & Beverage and Dairy Products. Its competitors include Sid's Farm, Dodla Dairy and Desi Farms; 3 of its 3 listed competitors have raised funding.
Company details
Heritage Foods is involved in the production and distribution of a wide range of dairy products, including milk, curd, ghee, butter, paneer, and ice creams. Operations are spread across 16 states in India, serving millions of consumers with a focus on purity, freshness, and sustainability. The company is committed to empowering farmers and fostering economic growth within the farming community. Additionally, value-added products and renewable energy initiatives are integrated into their business verticals.
- Market Cap₹3,241 Cr
HERITGFOOD · NSE
- Share Price₹344.10
-1.49% today
- Revenue₹4,689 Cr
FY 2025-26 · +9.5% YoY
- EBITDA₹266 Cr
Margin 5.7%
- Net Profit₹131 Cr
FY 2025-26 · -27.3% YoY
- P/E (TTM)28.5x
P/B 2.9x
- ROE12.6%
ROCE 14.3%
- Debt / Equity0.26
Interest cover 10.0x
- InvestorsPremji Invest
& 1 more
- Employee Count6,220
- Investments & AcquisitionsGet-A-Way
& 1 more
Associated legal entities of Heritage Foods
Heritage Foods is associated with 6 registered companies on The Company Check; the primary company is Heritage Foods Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Heritage Foods Limited Listed CIN L15209TG1992PLC014332 | Active | 05 Jun 1992 | Hyderabad, Telangana | ₹4,724 Cr | 3,181 | 9 | View details |
| Skil Raigam Power (India) Limited CIN U40102TG2009PLC063671 | Dormant Under Section 455 | 14 May 2009 | Secunderabad, Telangana | 3 | View details | ||
| Nirvana Packaging Private Limited CIN U25202TG2009PTC065328 | Amalgamated | 06 Oct 2009 | Hyderabad, Telangana | 3 | View details | ||
| Heritage Novandie Foods Private Limited CIN U74999TG2017PTC120860 | Active | 28 Nov 2017 | Hyderabad, Telangana, India | View details | |||
| Heritage Nutrivet Limited CIN U15400TG2008PLC062054 | Active | 01 Dec 2008 | Hyderabad, Telangana | ₹108 Cr | 123 | 6 | View details |
| Heritage Novandie Foods Limited CIN U74999TG2017PLC120860 | Active | 28 Nov 2017 | Hyderabad, Telangana | ₹3.1 Cr | 54 | 9 | View details |
Products & Services of Heritage Foods
Heritage Foods offers a comprehensive portfolio of products and services, including Milk, Curd, Ghee, and Ice Creams.
Various milk types are offered for daily consumption.
Different curd variants are provided for dietary needs.
Pure ghee varieties are produced for culinary use.
Assorted ice creams are made for refreshment purposes.
Apps and channels of Heritage Foods
its YouTube channel Heritage Foods Limited has 499K subscribers and 30 videos.
Videos from Heritage Foods
The most watched videos on Heritage Foods's YouTube channel, Heritage Foods Limited (499K subscribers). Click a video to play it here.
More on Heritage Foods Limited.
Funding Insights of Heritage Foods
- Total Rounds 2
- Investors Count 2
All 2 funding rounds of Heritage Foods with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2012 | Post-IPO | – | – | ||
| Mar 2008 | Post-IPO | – | – |
2 investors in total: 2 institutional.
Investors in Heritage Foods
Heritage Foods has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Premji Invest and Businesspartners.co.ke.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provides venture capital for technology startups and enterprise innovations worldwide. | premjiinvest.com | Bengaluru, India | ||
Business partnerships in Kenya are facilitated via an online platform. | businesspartners.co.ke | Woodley, United Kingdom |
Investor details for Heritage Foods
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Heritage Foods Limited (Heritage Foods)
Heritage Foods Limited is the primary company behind Heritage Foods. The boards of the 5 registered companies of Heritage Foods currently have 12 directors; the longest-serving is Bhuvaneswari Nara, appointed in 2008. 43 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhuvaneswari Nara DIN 00003741 | Director | 01 Dec 2008 | 17 yrs 10 mo | Heritage Nutrivet Limited, Nirvana Packaging Private Limited, Heritage Foods Limited |
| Sambasiva Rao Muddana DIN 01887410 | Director | 01 Dec 2008 | 17 yrs 10 mo | Heritage Nutrivet Limited, Heritage Foods Limited |
| Venkateswara Tummala Rao DIN 08312035 | Director | 26 Dec 2018 | 7 yrs 10 mo | Nirvana Packaging Private Limited, Skil Raigam Power (India) Limited |
| Satyapal Rao Kokkirala DIN 07100461 | Director | 21 Jan 2019 | 7 yrs 9 mo | Skil Raigam Power (India) Limited |
| Sudheerrao Chennamaneni DIN 08202595 | Director | 21 Jan 2019 | 7 yrs 9 mo | Skil Raigam Power (India) Limited |
| Emilie Laure Lucie Moulard Anand DIN 08005149 | Director | 09 May 2019 | 7 yrs 5 mo | Heritage Novandie Foods Limited |
| Aparna Surabhi DIN 01641633 | Director | 21 May 2020 | 6 yrs 5 mo | Heritage Nutrivet Limited, Heritage Foods Limited |
| Rajesh Thakur Ahuja DIN 00371406 | Director | 24 Jul 2020 | 6 yrs 3 mo | Heritage Nutrivet Limited, Heritage Novandie Foods Limited |
| Brahmani Nara DIN 02338940 | Managing Director | 24 Jul 2020 | 6 yrs 3 mo | Heritage Nutrivet Limited, Nirvana Packaging Private Limited, Heritage Foods Limited, Heritage Novandie Foods Limited |
| Muthu Raju Paravasa Raju Vijay Kumar DIN 05170323 | Director | 01 Nov 2021 | 4 yrs 11 mo | Heritage Foods Limited |
| Angara Venkata Girijakumar DIN 02921377 | Director | 01 Jun 2023 | 3 yrs 4 mo | Heritage Foods Limited, Heritage Novandie Foods Limited |
| Ahaenath Kumar DIN 08448648 | Officer in default | 09 Oct 2023 | 3 yrs | Heritage Novandie Foods Limited |
People of Heritage Foods
6 people are tracked at Heritage Foods (6 in leadership); the tracked headcount is 6,220.
| Name | Role | Group |
|---|---|---|
Nara Chandrababu Naidu | Founder | Leadership |
| Managing Director | Leadership | |
Srideep Kesavan | CEO | Leadership |
Srideep N Kesavan | CEO | Leadership |
J. Samba Murthy | Chief Operating Officer | Leadership |
| Executive Director | Leadership |
Complete people profiles for Heritage Foods
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Heritage Foods
Heritage Foods is a publicly listed company on the NSE with ticker symbol HERITGFOOD in India, operating in the Consumer non-durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date01 Jan 2002
- Listed onBSE: 519552
- Listed entityHeritage Foods Limited
- Exchange sectorConsumer non-durables
- ISININE978A01027
- Share price₹414.80 (+5.19% on the day) · 2026-10-14
- Market capitalisation₹3,658 Cr
- Price to earnings28.5
- EPS (diluted, trailing year)₹14.54
- Dividend yield0.63%
- Volume (last session)471,253
Financials of Heritage Foods
Exchange-reported figures of Heritage Foods Limited, the listed company behind Heritage Foods (NSE: HERITGFOOD).
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,689 | 4,282 | 3,794 | 3,241 | 2,681 | 2,473 | 2,726 |
| Revenue growth | +9.5% | +12.9% | +17.1% | +20.9% | +8.4% | -9.3% | - |
| EBITDA | 266 | 317 | 203 | 132 | 177 | 261 | (383) |
| EBITDA margin | +5.7% | +7.4% | +5.4% | +4.1% | +6.6% | +10.5% | -14.1% |
| Profit before tax | 201 | 258 | 145 | 81.72 | 130 | 202 | (154) |
| Net profit | 131 | 180 | 102 | 54.44 | 100 | 149 | (160) |
| Net profit margin | +2.8% | +4.2% | +2.7% | +1.7% | +3.7% | +6.0% | -5.9% |
| EPS (₹) | 16.18 | 20.29 | 11.48 | 6.25 | 20.81 | 32.32 | (34.55) |
| Balance sheet | |||||||
| Total assets | 1,522 | 1,182 | 971 | 921 | 703 | 677 | 780 |
| Net worth | 1,103 | 972 | 808 | 726 | 658 | 596 | 460 |
| Total debt | 361 | 175 | 132 | 168 | 19.47 | 64.15 | 306 |
| Cash & bank | 70.27 | 69.67 | 83.82 | 19.16 | 35.61 | 23.56 | 58.25 |
| Net working capital | 121 | 151 | 119 | 274 | 115 | 81.63 | 82.62 |
| Cash flow | |||||||
| Cash from operations | 237 | 214 | 390 | (60.51) | 148 | 174 | 117 |
| Cash from investing | (375) | (229) | (252) | (82.62) | (42.45) | 68.80 | (97.06) |
| Cash from financing | 138 | 1.00 | (75.93) | 126 | (92.66) | (191) | (21.70) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,320 | 1,338 | 1,158 | 1,119 | 1,113 | 1,137 | 1,048 | 1,034 |
| Revenue growth (YoY) | +18.6% | +17.7% | +10.4% | +8.2% | +9.1% | +10.1% | - | - |
| Other income | 3.37 | 6.41 | 6.82 | 7.75 | 14.52 | 5.27 | 6.53 | 8.33 |
| EBITDA | 73.97 | 61.86 | 52.23 | 62.91 | 77.19 | 72.58 | 69.65 | 72.22 |
| EBITDA margin | +5.6% | +4.6% | +4.5% | +5.6% | +6.9% | +6.4% | +6.6% | +7.0% |
| Depreciation | 27.47 | 26.49 | 21.76 | 20.42 | 20.11 | 18.69 | 17.82 | 17.76 |
| Interest | 7.26 | 8.23 | 5.32 | 3.86 | 3.84 | 4.21 | 4.18 | 3.98 |
| Profit before tax | 42.61 | 33.55 | 31.97 | 46.38 | 67.76 | 54.95 | 54.18 | 58.81 |
| Tax | 11.74 | 8.58 | 8.03 | 11.79 | 16.77 | 14.40 | 16.01 | 15.76 |
| Net profit | 30.87 | 24.97 | 23.94 | 34.59 | 50.99 | 40.55 | 38.17 | 43.05 |
| EPS (₹) | 3.38 | 2.72 | 2.60 | 3.73 | 5.50 | 4.37 | 4.11 | 4.64 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,570 | 4,080 | 3,734 | 3,209 | 2,643 | 2,407 | 2,681 |
| Revenue growth | +12.0% | +9.3% | +16.4% | +21.4% | +9.8% | -10.2% | - |
| EBITDA | 247 | 290 | 182 | 137 | 180 | 251 | (377) |
| EBITDA margin | +5.4% | +7.1% | +4.9% | +4.3% | +6.8% | +10.4% | -14.1% |
| Profit before tax | 186 | 233 | 127 | 89.35 | 135 | 196 | (145) |
| Net profit | 122 | 171 | 98.58 | 62.26 | 105 | 144 | (159) |
| Net profit margin | +2.7% | +4.2% | +2.6% | +1.9% | +4.0% | +6.0% | -5.9% |
| EPS (₹) | 15.05 | 18.11 | 9.81 | 7.10 | 21.88 | 31.29 | (34.49) |
| Balance sheet | |||||||
| Total assets | 1,475 | 1,152 | 961 | 922 | 698 | 665 | 760 |
| Net worth | 1,064 | 947 | 804 | 737 | 660 | 594 | 462 |
| Total debt | 360 | 171 | 127 | 159 | 11.65 | 57.22 | 286 |
| Cash & bank | 62.26 | 68.47 | 83.37 | 19.15 | 34.98 | 21.39 | 55.03 |
| Net working capital | 112 | 144 | 114 | 264 | 109 | 75.96 | 73.17 |
| Cash flow | |||||||
| Cash from operations | 225 | 200 | 375 | (60.83) | 144 | 164 | 124 |
| Cash from investing | (373) | (218) | (242) | (82.48) | (40.92) | 69.50 | (104) |
| Cash from financing | 142 | 2.91 | (70.85) | 127 | (89.50) | (185) | (20.93) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,273 | 1,292 | 1,114 | 1,091 | 1,090 | 1,119 | 1,035 | 1,020 |
| Revenue growth (YoY) | +16.8% | +15.4% | +7.7% | +7.0% | +8.3% | +9.7% | - | - |
| Other income | 3.41 | 6.29 | 5.93 | 7.59 | 14.53 | 5.24 | 5.89 | 8.25 |
| Total expenses | 1,202 | 1,232 | 1,065 | 1,035 | 1,019 | 1,051 | 984 | 952 |
| EBITDA | 71.12 | 59.40 | 49.60 | 56.60 | 71.87 | 67.51 | 50.61 | 68.13 |
| EBITDA margin | +5.6% | +4.6% | +4.5% | +5.2% | +6.6% | +6.0% | +4.9% | +6.7% |
| Depreciation | 25.74 | 24.81 | 20.02 | 19.46 | 19.05 | 17.97 | 17.20 | 17.16 |
| Interest | 7.34 | 8.04 | 5.25 | 3.61 | 3.58 | 4.15 | 4.10 | 3.90 |
| Profit before tax | 41.45 | 32.84 | 30.26 | 41.12 | 63.77 | 50.63 | 35.20 | 55.32 |
| Tax | 10.94 | 8.08 | 7.23 | 10.63 | 15.37 | 12.86 | 14.68 | 14.03 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,320 | 1,338 | 1,158 | 1,119 | 1,113 | 1,137 | 1,048 | 1,034 |
| Revenue growth (YoY) | +18.6% | +17.7% | +10.4% | +8.2% | +9.1% | +10.1% | - | - |
| Other income | 3.37 | 6.41 | 6.82 | 7.75 | 14.52 | 5.27 | 6.53 | 8.33 |
| EBITDA | 73.97 | 61.86 | 52.23 | 62.91 | 77.19 | 72.58 | 69.65 | 72.22 |
| EBITDA margin | +5.6% | +4.6% | +4.5% | +5.6% | +6.9% | +6.4% | +6.6% | +7.0% |
| Depreciation | 27.47 | 26.49 | 21.76 | 20.42 | 20.11 | 18.69 | 17.82 | 17.76 |
| Interest | 7.26 | 8.23 | 5.32 | 3.86 | 3.84 | 4.21 | 4.18 | 3.98 |
| Profit before tax | 42.61 | 33.55 | 31.97 | 46.38 | 67.76 | 54.95 | 54.18 | 58.81 |
| Tax | 11.74 | 8.58 | 8.03 | 11.79 | 16.77 | 14.40 | 16.01 | 15.76 |
| Net profit | 30.87 | 24.97 | 23.94 | 34.59 | 50.99 | 40.55 | 38.17 | 43.05 |
| EPS (₹) | 3.38 | 2.72 | 2.60 | 3.73 | 5.50 | 4.37 | 4.11 | 4.64 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,689 | 4,282 | 3,794 | 3,241 | 2,681 | 2,473 | 2,726 |
| Revenue growth | +9.5% | +12.9% | +17.1% | +20.9% | +8.4% | -9.3% | - |
| Other income | 34.37 | 27.87 | 11.97 | 12.06 | 11.27 | 8.03 | 303 |
| Total expenses | 4,423 | 3,966 | 3,591 | 3,109 | 2,504 | 2,213 | 3,109 |
| Employee cost | 331 | 313 | 258 | 211 | 184 | 178 | 156 |
| EBITDA | 266 | 317 | 203 | 132 | 177 | 261 | (383) |
| EBITDA margin | +5.7% | +7.4% | +5.4% | +4.1% | +6.6% | +10.5% | -14.1% |
| Depreciation | 80.98 | 69.56 | 60.82 | 56.15 | 52.18 | 46.23 | 50.13 |
| Interest | 18.45 | 17.06 | 9.46 | 5.74 | 5.64 | 20.62 | 24.13 |
| Profit before tax | 201 | 258 | 145 | 81.72 | 130 | 202 | (154) |
| Tax | 50.98 | 69.95 | 38.54 | 23.76 | 34.22 | 53.47 | 15.34 |
| Net profit | 131 | 180 | 102 | 54.44 | 100 | 149 | (160) |
| Net profit margin | +2.8% | +4.2% | +2.7% | +1.7% | +3.7% | +6.0% | -5.9% |
| EPS (₹) | 16.18 | 20.29 | 11.48 | 6.25 | 20.81 | 32.32 | (34.55) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 46.40 | 46.40 | 46.40 | 46.40 | 23.20 | 23.20 | 23.20 |
| Reserves & surplus | 1,054 | 922 | 759 | 676 | 631 | 569 | 433 |
| Shareholders' funds (net worth) | 1,103 | 972 | 808 | 726 | 658 | 596 | 460 |
| Minority interest | 4.79 | 0.00 | 0.00 | 0.00 | 0.00 | 0.49 | 2.15 |
| Secured loans | 272 | 137 | 93.04 | 108 | 11.93 | 64.15 | 306 |
| Unsecured loans | 89.78 | 38.09 | 39.34 | 59.95 | 7.54 | 0.00 | 0.00 |
| Total debt | 361 | 175 | 132 | 168 | 19.47 | 64.15 | 306 |
| Total liabilities | 1,522 | 1,182 | 971 | 921 | 703 | 677 | 780 |
| Assets | |||||||
| Gross block | 1,592 | 1,089 | 984 | 854 | 780 | 744 | 604 |
| Net block | 1,164 | 748 | 704 | 622 | 579 | 580 | 481 |
| Capital work in progress | 50.10 | 67.96 | 20.06 | 20.04 | 8.04 | 18.32 | 77.30 |
| Investments | 186 | 196 | 140 | 14.72 | 17.68 | 13.20 | 152 |
| Inventories | 318 | 355 | 262 | 379 | 206 | 198 | 145 |
| Sundry debtors | 71.15 | 38.05 | 28.71 | 28.01 | 18.48 | 15.22 | 21.89 |
| Cash & bank balances | 70.27 | 69.67 | 83.82 | 19.16 | 35.61 | 23.56 | 58.25 |
| Loans & advances | 48.43 | 36.02 | 28.35 | 27.17 | 30.82 | 22.40 | 43.87 |
| Total current assets | 508 | 499 | 403 | 453 | 291 | 259 | 269 |
| Total current liabilities | 387 | 348 | 284 | 180 | 176 | 178 | 186 |
| Net working capital | 121 | 151 | 119 | 274 | 115 | 81.63 | 82.62 |
| Total assets | 1,522 | 1,182 | 971 | 921 | 703 | 677 | 780 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 64.48 | 78.51 | 16.34 | 33.11 | 20.29 | (31.15) | (29.11) |
| Net cash from operating activities | 237 | 214 | 390 | (60.51) | 148 | 174 | 117 |
| Net cash from investing activities | (375) | (229) | (252) | (82.62) | (42.45) | 68.80 | (97.06) |
| Net cash from financing activities | 138 | 1.00 | (75.93) | 126 | (92.66) | (191) | (21.70) |
| Net change in cash | 0.23 | (14.03) | 62.17 | (16.78) | 12.82 | 51.44 | (2.04) |
| Closing cash | 70.27 | 69.67 | 83.82 | 19.16 | 35.61 | 23.56 | 58.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +9.5% | +12.9% | +17.1% | +20.9% | +8.4% | -9.3% | - |
| EBITDA growth | -16.0% | +55.8% | +54.6% | -25.6% | -32.1% | +168.0% | - |
| PBT growth | -22.1% | +78.0% | +77.5% | -37.3% | -35.4% | +9998.0% | - |
| Net income growth | -27.3% | +76.7% | +87.0% | -45.6% | -32.7% | +193.1% | - |
| Revenue CAGR (3Y) | +13.1% | +16.9% | +15.3% | +5.9% | +2.2% | +1.4% | +12.9% |
| EBITDA CAGR (3Y) | +26.5% | +21.5% | -7.9% | - | +47.8% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +3.2% | +4.4% | +2.8% | +1.8% | +3.6% | +6.0% | -6.2% |
| Return on capital employed | +14.4% | +25.6% | +16.3% | +10.8% | +19.7% | +30.6% | -11.9% |
| Return on net worth | +12.6% | +21.2% | +13.9% | +8.4% | +15.3% | +28.1% | -26.8% |
| Debt / equity | 0.26 | 0.17 | 0.20 | 0.14 | 0.07 | 0.35 | 0.48 |
| Long-term debt / equity | 0.19 | 0.14 | 0.09 | 0.03 | 0.04 | 0.20 | 0.27 |
| Interest cover | 9.96 | 6.90 | 6.64 | 7.61 | 4.52 | 9.62 | -5.57 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.50 | 4.13 | 4.13 | 3.97 | 3.52 | 3.67 | 4.69 |
| Inventory turnover | 13.93 | 13.88 | 11.84 | 11.08 | 13.27 | 14.42 | 19.26 |
| Debtors turnover | 85.88 | 128.30 | 133.78 | 139.41 | 159.13 | 133.29 | 84.87 |
| EPS (₹) | 16.18 | 20.29 | 11.48 | 6.25 | 20.81 | 32.32 | (34.55) |
| Dividend per share (₹) | 2.50 | 2.50 | 2.50 | 2.50 | 5.00 | 5.00 | 2.50 |
| Book value per share (₹) | 118.55 | 104.40 | 86.75 | 77.88 | 141.03 | 127.73 | 98.37 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,273 | 1,292 | 1,114 | 1,091 | 1,090 | 1,119 | 1,035 | 1,020 |
| Revenue growth (YoY) | +16.8% | +15.4% | +7.7% | +7.0% | +8.3% | +9.7% | - | - |
| Other income | 3.41 | 6.29 | 5.93 | 7.59 | 14.53 | 5.24 | 5.89 | 8.25 |
| Total expenses | 1,202 | 1,232 | 1,065 | 1,035 | 1,019 | 1,051 | 984 | 952 |
| EBITDA | 71.12 | 59.40 | 49.60 | 56.60 | 71.87 | 67.51 | 50.61 | 68.13 |
| EBITDA margin | +5.6% | +4.6% | +4.5% | +5.2% | +6.6% | +6.0% | +4.9% | +6.7% |
| Depreciation | 25.74 | 24.81 | 20.02 | 19.46 | 19.05 | 17.97 | 17.20 | 17.16 |
| Interest | 7.34 | 8.04 | 5.25 | 3.61 | 3.58 | 4.15 | 4.10 | 3.90 |
| Profit before tax | 41.45 | 32.84 | 30.26 | 41.12 | 63.77 | 50.63 | 35.20 | 55.32 |
| Tax | 10.94 | 8.08 | 7.23 | 10.63 | 15.37 | 12.86 | 14.68 | 14.03 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,570 | 4,080 | 3,734 | 3,209 | 2,643 | 2,407 | 2,681 |
| Revenue growth | +12.0% | +9.3% | +16.4% | +21.4% | +9.8% | -10.2% | - |
| Other income | 33.29 | 27.28 | 11.93 | 11.35 | 10.31 | 8.41 | 303 |
| Total expenses | 4,323 | 3,791 | 3,552 | 3,072 | 2,463 | 2,156 | 3,058 |
| Employee cost | 315 | 302 | 248 | 204 | 177 | 170 | 150 |
| EBITDA | 247 | 290 | 182 | 137 | 180 | 251 | (377) |
| EBITDA margin | +5.4% | +7.1% | +4.9% | +4.3% | +6.8% | +10.4% | -14.1% |
| Depreciation | 76.49 | 67.16 | 58.43 | 53.85 | 49.96 | 44.05 | 48.04 |
| Interest | 17.75 | 16.64 | 8.56 | 4.99 | 4.82 | 19.27 | 22.29 |
| Profit before tax | 186 | 233 | 127 | 89.35 | 135 | 196 | (145) |
| Tax | 46.10 | 65.27 | 36.36 | 23.45 | 33.72 | 51.03 | 15.33 |
| Net profit | 122 | 171 | 98.58 | 62.26 | 105 | 144 | (159) |
| Net profit margin | +2.7% | +4.2% | +2.6% | +1.9% | +4.0% | +6.0% | -5.9% |
| EPS (₹) | 15.05 | 18.11 | 9.81 | 7.10 | 21.88 | 31.29 | (34.49) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 46.40 | 46.40 | 46.40 | 46.40 | 23.20 | 23.20 | 23.20 |
| Reserves & surplus | 1,014 | 898 | 754 | 687 | 634 | 567 | 436 |
| Shareholders' funds (net worth) | 1,064 | 947 | 804 | 737 | 660 | 594 | 462 |
| Secured loans | 324 | 134 | 89.32 | 102 | 4.11 | 52.73 | 286 |
| Unsecured loans | 35.44 | 36.58 | 37.82 | 57.08 | 7.54 | 4.49 | 0.00 |
| Total debt | 360 | 171 | 127 | 159 | 11.65 | 57.22 | 286 |
| Total liabilities | 1,475 | 1,152 | 961 | 922 | 698 | 665 | 760 |
| Assets | |||||||
| Gross block | 1,464 | 1,032 | 939 | 809 | 730 | 696 | 556 |
| Net block | 1,078 | 706 | 666 | 581 | 539 | 538 | 438 |
| Capital work in progress | 50.09 | 67.96 | 20.06 | 20.04 | 7.48 | 17.86 | 77.09 |
| Investments | 224 | 213 | 172 | 65.39 | 59.73 | 49.11 | 186 |
| Inventories | 301 | 342 | 249 | 366 | 196 | 188 | 136 |
| Sundry debtors | 64.81 | 37.52 | 28.68 | 27.91 | 17.98 | 14.53 | 21.10 |
| Cash & bank balances | 62.26 | 68.47 | 83.37 | 19.15 | 34.98 | 21.39 | 55.03 |
| Loans & advances | 42.56 | 35.25 | 27.79 | 26.57 | 29.80 | 20.92 | 39.38 |
| Total current assets | 470 | 483 | 389 | 440 | 278 | 245 | 252 |
| Total current liabilities | 358 | 339 | 275 | 175 | 170 | 169 | 179 |
| Net working capital | 112 | 144 | 114 | 264 | 109 | 75.96 | 73.17 |
| Total assets | 1,475 | 1,152 | 961 | 922 | 698 | 665 | 760 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 63.28 | 78.05 | 16.32 | 32.48 | 19.08 | (29.85) | (29.63) |
| Net cash from operating activities | 225 | 200 | 375 | (60.83) | 144 | 164 | 124 |
| Net cash from investing activities | (373) | (218) | (242) | (82.48) | (40.92) | 69.50 | (104) |
| Net cash from financing activities | 142 | 2.91 | (70.85) | 127 | (89.50) | (185) | (20.93) |
| Net change in cash | (5.45) | (14.77) | 61.73 | (16.16) | 13.39 | 48.93 | (0.22) |
| Closing cash | 62.26 | 68.47 | 83.37 | 19.15 | 34.98 | 21.39 | 55.03 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +12.0% | +9.3% | +16.4% | +21.4% | +9.8% | -10.2% | - |
| EBITDA growth | -14.9% | +58.9% | +33.3% | -23.9% | -28.4% | +166.6% | - |
| PBT growth | -20.4% | +83.2% | +42.6% | -33.9% | -31.1% | +9998.0% | - |
| Net income growth | -28.8% | +73.3% | +58.3% | -40.8% | -26.9% | +190.2% | - |
| Revenue CAGR (3Y) | +12.5% | +15.6% | +15.8% | +6.2% | +2.1% | +0.9% | +12.8% |
| EBITDA CAGR (3Y) | +21.7% | +17.3% | -10.1% | - | +50.9% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +3.1% | +4.1% | +2.4% | +2.1% | +3.8% | +6.0% | -6.0% |
| Return on capital employed | +13.7% | +23.7% | +14.4% | +11.7% | +20.6% | +30.2% | -11.4% |
| Return on net worth | +12.1% | +19.2% | +11.8% | +9.4% | +16.2% | +27.5% | -25.3% |
| Debt / equity | 0.26 | 0.17 | 0.19 | 0.12 | 0.05 | 0.32 | 0.45 |
| Long-term debt / equity | 0.20 | 0.14 | 0.09 | 0.02 | 0.03 | 0.18 | 0.25 |
| Interest cover | 10.43 | 7.47 | 6.90 | 6.01 | 3.71 | 9.31 | -5.24 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.66 | 4.14 | 4.27 | 4.17 | 3.71 | 3.84 | 4.92 |
| Inventory turnover | 14.22 | 13.80 | 12.14 | 11.42 | 13.76 | 14.82 | 19.98 |
| Debtors turnover | 89.31 | 123.28 | 131.98 | 139.84 | 162.59 | 135.11 | 87.80 |
| EPS (₹) | 15.05 | 18.11 | 9.81 | 7.10 | 21.88 | 31.29 | (34.49) |
| Dividend per share (₹) | 2.50 | 2.50 | 2.50 | 2.50 | 5.00 | 5.00 | 2.50 |
| Book value per share (₹) | 114.30 | 101.72 | 86.24 | 79.05 | 141.67 | 127.29 | 98.96 |
Investments & Acquisitions by Heritage Foods
Heritage Foods has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Get-A-Way and Vaman Milk Foods.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Healthy ice cream is distributed via an online-first brand. | getawaydesserts.com | Mumbai, India | 2018 | Oct 2025 | $796,894 | |
Producer of butter, cheese, milk cream, ghee, and khoya products | vamanmilk.in | Rupnagar, India | 2015 | Nov 2017 | •••• |
Complete acquisition details for Heritage Foods
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Timeline of Heritage Foods
6 dated milestones of Heritage Foods across 33 years, from founding to its latest funding, stage changes and deals.
- Founded Heritage Foods is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round.
- Funding Latest funding round, Post-IPO,.
- Acquisition Acquires Vaman Milk Foods.
- Acquisition Acquires Get-A-Way.
Competitors of Heritage Foods
Heritage Foods has 3 listed competitors in our database, 3 of them funded. They include Sid's Farm, Dodla Dairy and Desi Farms.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sidsfarm.com | 2013 | Hyderabad, India | $12.18M | 466 | Subscription-based dairy products are delivered via an internet-first brand. | |
| dodladairy.com | 1995 | Hyderabad, India | $84.05M | 6,259 | Multi-category dairy products are manufactured and branded. | |
| desifarmsindia.in | 2016 | Pune, India | $6M | 79 | Provider of direct-to-consumer, farm-to-table delivery of fresh dairy products, including milk, yogurt, and other preservative-free dairy products |
Detailed competitors of Heritage Foods
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Web traffic of Heritage Foods
The website of Heritage Foods (heritagefoods.in) receives about 34.2K visits a month.
- Monthly visits34.2K
▼ 6.5% vs previous month
Websites whose visitors overlap most with Heritage Foods. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| edairy.co.in | 100% | 12.9K | #1,475,709 | View details | |
motherdairy.com | motherdairy.com | 96% | #397,438 | – | |
| dodladairy.com | 96% | 21.6K | #779,290 | View details | |
| katrajdairy.com | 89% | #1,359,743 | View details | ||
| provilac.com | 89% | 52.9K | #523,451 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Heritage Foods
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Top companies in Food & Beverage Products & Processing
3 companies that operate in the same segment as Heritage Foods (Food & Beverage Products & Processing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform offering a subscription-based delivery service for fresh milk and groceries | 2015 | Gurugram, Haryana, India | USD 228.42 M | USD 99.78 M | 3,464 | |
Subscription-based coffee products are offered by an internet-first brand. | 2013 | Gurugram, Haryana, India | USD 112.84 M | USD 25.83 M | 2,059 | |
Meat and seafood products are delivered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 564.84 M | USD 97.26 M | 2,828 |
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Related news about Heritage Foods
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Frequently Asked Questions about Heritage Foods
Heritage Foods was founded in 1992 and raised its 1st funding round 16 years after it was founded.
Heritage Foods is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Srideep Kesavan is the CEO of Heritage Foods, as recorded in our data.
Heritage Foods has 6,220 employees.
The primary company behind Heritage Foods, Heritage Foods Limited, reported revenue of ₹4,724 Cr for FY 2026, up 10% year on year.
Heritage Foods is involved in the production and distribution of a wide range of dairy products, including milk, curd, ghee, butter, paneer, and ice creams. Operations are spread across 16 states in India, serving millions of consumers with a focus on purity, freshness, and sustainability. The company is committed to empowering farmers and fostering economic growth within the farming community. Additionally, value-added products and renewable energy initiatives are integrated into their business verticals.
Heritage Foods's top competitors include Sid's Farm, Dodla Dairy and Desi Farms.
Heritage Foods offers Milk, Curd, Ghee, and Ice Creams.
Yes, Heritage Foods is publicly traded on NSE under the ticker symbol HERITGFOOD.
Heritage Foods has made 2 acquisitions, including Get-A-Way, and Vaman Milk Foods.
Heritage Foods has 2 investors. Key investors include Premji Invest, and Businesspartners.co.ke.
Heritage Foods is associated with 5 legal entities: Heritage Foods Limited, Heritage Nutrivet Limited, Nirvana Packaging Private Limited and others.
