Heritage Foods quarterly results and financials

Heritage Foods (HERITGFOOD)₹376.30−0.37%(9 Nov 2026 close)Dairy Products

Key facts

In the Sep 2026 quarter (consolidated), Heritage Foods reported sales of ₹1,323 Cr, up 18.5% from Sep 2025, and net profit of ₹30.90 Cr, down 39.3% year on year. For the year to Mar 2026, sales were ₹4,536 Cr and net profit ₹150 Cr.

Sales (Sep 2026): ₹1,323 Cr
Net profit (Sep 2026): ₹30.90 Cr
Sales (FY Mar 2026): ₹4,536 Cr
Net profit (FY Mar 2026): ₹150 Cr
EPS (Sep 2026): ₹3.32
Borrowings (Mar 2026): ₹360 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Heritage Foods quarterly results

₹ crore unless stated; each column is a quarter.

Heritage Foods Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	943	954	1,037	1,023	1,038	1,052	1,141	1,117	1,123	1,160	1,342	1,323
Expenses	893	884	942	941	964	972	1,067	1,038	1,059	1,108	1,278	1,250
Operating Profit	50.09	69.12	92.16	81.17	72.17	78.10	73.12	77.11	63.16	52.07	62.08	74.10
OPM %	5.0%	7.0%	9.0%	8.1%	7.0%	7.0%	6.0%	7.0%	6.0%	4.5%	4.6%	6.0%
Other Income	2.99	4.99	5.99	7.01	7.99	−1.99	4.99	14.98	7.99	6.99	5.99	2.99
Interest	1.99	2.99	2.99	3.99	3.99	3.99	3.99	3.99	3.99	4.99	7.99	6.99
Depreciation	16.04	16.05	17.04	17.05	18.06	18.04	19.05	20.05	20.04	22.06	26.08	27.09
Profit before tax	35.93	54.87	77.89	66.84	58.87	53.89	54.91	67.86	45.88	31.91	33.94	42.88
Tax %	25.0%	26.0%	25.0%	28.0%	27.0%	30.0%	26.0%	25.0%	25.0%	25.0%	26.0%	28.0%
Exceptional items	0.00	0.00	0.00	0.00	0.00	−6.11	0.00	7.01	0.00	0.57	0.00	0.00
Net Profit	26.91	39.86	57.87	48.83	42.89	37.88	40.87	50.88	34.88	23.93	24.94	30.90
EPS (Rs)	2.89	4.35	6.28	5.22	4.63	4.10	4.36	5.48	3.72	2.57	2.68	3.32

Heritage Foods profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Heritage Foods Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	2,390	1,899	2,378	2,520	2,736	2,481	2,689	3,249	3,805	4,149	4,536	4,949
Expenses	2,252	1,766	2,636	2,464	3,118	2,217	2,500	3,116	3,599	3,816	4,270	4,695
Operating Profit	132	134	−256	57.14	−383	262	186	132	203	326	266	251
OPM %	6.0%	7.1%	−10.9%	2.2%	−13.9%	11.1%	7.0%	4.1%	5.0%	8.1%	6.0%	5.1%
Other Income	5.01	251	402	138	302	6.99	1.99	11.98	11.98	18.98	33.95	23.96
Interest	16.98	48.96	19.98	22.98	23.97	20.98	5.99	5.99	8.99	16.97	17.98	23.96
Depreciation	35.06	25.07	38.09	45.13	50.14	46.14	52.10	56.16	61.19	70.17	81.24	95.27
Profit before tax	85.81	309	89.86	127	−154	202	130	81.82	145	257	200	155
Tax %	36.0%	10.0%	30.0%	35.0%	10.0%	26.0%	26.0%	29.0%	27.0%	27.0%	25.0%	—
Exceptional items	−0.99	0.00	−0.99	−0.99	−0.99	0.99	−3.98	3.99	4.98	7.97	18.92	0.57
Net Profit	54.87	277	62.87	82.74	−169	148	95.76	57.80	107	187	150	115
EPS (Rs)	5.95	29.51	6.74	8.74	−17.20	16.11	10.37	6.23	11.44	20.23	16.13	12.29
Dividend payout %	13.0%	3.0%	15.0%	11.0%	−7.0%	15.0%	24.0%	40.0%	22.0%	12.0%	15.0%	—

Heritage Foods balance sheet

₹ crore, at each year end.

Heritage Foods Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	23.10	23.09	23.03	23.06	23.10	23.08	23.09	23.08	46.14	46.18	46.21	46.09
Reserves	170	217	568	755	780	437	574	634	680	763	928	1,058
Borrowings	157	126	158	279	299	306	63.91	18.98	168	132	175	360
Other Liabilities	175	209	246	646	531	222	218	225	231	340	411	483
Total Liabilities	526	575	995	1,704	1,634	988	879	902	1,126	1,281	1,558	1,948
Fixed Assets	280	311	295	432	475	480	579	577	621	702	746	1,160
CWIP	9.02	10.02	8.02	9.02	42.08	77.22	18.04	8.02	20.05	20.06	68.24	50.15
Investments	0.99	0.99	477	999	833	152	12.98	17.95	14.96	140	196	186
Other Assets	236	253	215	264	283	279	268	299	471	417	549	552
Inventories	139	144	123	155	138	144	197	205	378	261	354	317
Trade receivables	23.93	28.92	14.97	12.96	41.89	21.95	14.97	17.95	27.92	28.92	37.90	70.82
Cash & equivalents	41.05	45.04	55.01	69.07	75.05	58.08	24.01	36.02	19.02	84.04	70.05	70.05
Total Assets	526	575	995	1,704	1,634	988	879	902	1,126	1,281	1,558	1,948

Heritage Foods cash flow

₹ crore, for each year.

Heritage Foods Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	51.84	125	115	121	148	117	174	148	−60.80	389	213	237
Cash from investing activity	−47.10	−66.13	−126	−200	−133	−97.13	69.05	−42.05	−83.13	−252	−229	−375
Cash from financing activity	−8.02	−55.17	−13.04	55.16	−3.01	−22.07	−192	−93.19	126	−76.23	1.01	138
Net cash flow	−4.01	4.01	−24.03	−23.03	12.02	−2.01	51.07	13.03	−17.04	62.09	−14.03	0.00
Capex	50.81	67.81	92.65	143	127	112	92.75	45.84	82.66	127	175	381
Free cash flow	3.99	57.92	23.99	−18.97	23.97	7.99	108	106	−140	267	41.98	−142
CFO / OP %	72.9%	116.9%	108.0%	−59.1%	327.9%	−36.0%	87.0%	97.9%	−29.1%	209.9%	85.9%	104.0%

Heritage Foods ratios

Working-capital days and returns, by year.

Heritage Foods Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	4	4	3	2	6	3	2	3	3	3	3	6
Inventory days	31	28	31	31	27	24	39	38	55	33	44	35
Days payable	17	16	15	13	13	10	7	10	7	18	21	23
Cash conversion cycle	17	15	18	18	19	16	34	30	51	17	25	17
Working capital days	−13	−8	−18	−22	−18	−15	4	10	13	1	5	−5
ROCE %	16.9%	28.9%	63.9%	11.9%	13.9%	−14.1%	30.9%	20.9%	9.9%	15.9%	24.9%	15.0%

Heritage Foods: frequently asked questions

What are the latest quarterly results of Heritage Foods?

For the Sep 2026 quarter, Heritage Foods reported sales of ₹1,323 Cr, up 18.5% year on year and net profit of ₹30.90 Cr, down 39.3% year on year. The operating margin was 6.0%.

What is the annual revenue of Heritage Foods?

Heritage Foods' sales for the year to Mar 2026 were ₹4,536 Cr; over the last twelve months they were ₹4,949 Cr.

What is the net profit of Heritage Foods?

Net profit for the year to Mar 2026 was ₹150 Cr, and ₹115 Cr over the last twelve months. Earnings per share over the same trailing period were ₹12.29.

How much debt does Heritage Foods have?

Heritage Foods reported borrowings of ₹360 Cr at Mar 2026, against cash and equivalents of ₹70.05 Cr.

What is the free cash flow of Heritage Foods?

Cash from operations was ₹237 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹142 Cr.

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