Heritage Foods Limited

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Consolidated Q1FY20 Results

Revenues up by 12.4% to Rs 721.2 crore

PAT was at Rs 18.1 crore

Mumbai, July 31, 2019: Heritage Foods Ltd., one of the leading private dairy players in India, has declared its financial results for the quarter ended June 30, 2019

Q1FY20 Results – Consolidated

Rs Crore

Q1FY20

Q1FY19

Revenues from Operations

721.2

641.6

EBITDA

48.7

47.8

Net Profit

18.1

21.3

Operational & Financial Highlights:

§  Total Revenues from operations increased by 12.4% to Rs. 721.20 crore from Rs. 641.60 crore in Q1 FY19

§  EBITDA was at Rs. 48.7 crore in Q1FY20

§  Net Profit was at Rs. 18.1 crore in Q1FY20

Commenting on the results, Mrs. Brahmani Nara, Executive Director, said, “Our efforts in increasing the depth of the brand across existing and new markets has been paying off well in the form of good growth rates at revenue level. Profitability is a function of increasing volumes in newer markets and value added products, which the company has been working very actively and we should see the results in the coming quarters.

She further said that, “The cost of procurement during the first quarter is generally high due to summer and we had not passed on all the cost to consumers”

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