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Heritage Foods

Q2 FY27Food Products

Heritage Foods Q2 FY27 earnings call: Revenue & Margins

Q2 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹405
Market cap₹3.8K Cr
P/E33.1
Updated19 Oct 2026
Read4 min read

What the Q2 FY27 call signalled

1 of 3 strong

RevenueModerate growth
MarginMargins steady
CapexCapex planned

The short version

Heritage Foods targets strong growth driven by value-added products (VAP), with Q2 VAP revenue up 32% YoY and contribution rising to 35.4% of revenue. Heritage Foods aims to reach INR 500 crores in ice cream revenue within 6-7 years, up from around INR 170-180 crores currently, indicating strong growth in premium product segments.

From Heritage Foods's Q2 FY27 earnings-call transcript · updated 19 Oct 2026.

Revenue & Sales Performance

Moderate growth
  • Heritage Foods targets strong growth driven by value-added products (VAP), with Q2 VAP revenue up 32% YoY and contribution rising to 35.4% of revenue.
  • The company expects continued traction in premium segments like high-protein curd, paneer, and ice cream, with ice cream revenue nearing INR200 crores and a 6-7 year goal of INR500 crores.
  • Milk procurement volumes have grown 7% YoY despite supply challenges; efforts to empower farmers and improve productivity underpin procurement volume growth.
  • Price increases have been calibrated, with overall consumer price hikes around 8%; value-added product prices have been raised more than milk.
  • Focus remains on deepening market penetration rather than geographic expansion domestically, complemented by global entries in 12 countries.

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Profitability & Margins

See what Heritage Foods said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Heritage Foods Limited has capitalized several large projects recently, leading to higher depreciation impacting the P&L, indicating recent significant capital investments.
  • Operating leverage is improving with higher volumes and throughput, suggesting ongoing investments in capacity and efficiency.
  • The company focuses on expanding its value-added products portfolio, which may require strategic investments in production capabilities.

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Top-ranked in Food Products

Ranked on what management guided this quarter

Guidance-ranked
1Nurture Well Industries
Rev 1Mar 1
2Hoac Foods
Rev 1Mar 1
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 2Mar 1
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Heritage Foods said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided transcript from Heritage Foods Limited dated October 16, 2026, does not contain any information regarding current or expected order book or pending orders. The discussion primarily covers: - Milk procurement prices and inflation impact. - Price hikes in milk and value-added products. - Growth and contribution of value-added products. - Milk procurement volumes and farmer engagement. - Regional market penetration and international presence.

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Heritage Foods — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q2 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q2 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.2K Cr, net profit ₹24 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Heritage Foods's management said in earlier quarters

Others in Food Products this season

  • Nestle India (Q2 FY27)

    For Q2 FY 2026-27, Nestlé India reported total sales of INR 6,782.2 crore, a year-on-year growth of 20.5%, driven by robust, double-digit volume growth (Page…

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Frequently Asked Questions

What were Heritage Foods Q2 FY27 results?

Heritage Foods targets strong growth driven by value-added products (VAP), with Q2 VAP revenue up 32% YoY and contribution rising to 35.4% of revenue. Heritage Foods aims to reach INR 500 crores in ice cream revenue within 6-7 years, up from around INR 170-180 crores currently, indicating strong growth in premium product segments.

What is Heritage Foods share price analysis?

Heritage Foods currently shows a below-average growth signal. The stock trades at a P/E of 33.1 with a market cap of ₹3,762 Cr. Investors should review the full earnings analysis for detailed insights.

Is Heritage Foods planning capital expenditure?

Heritage Foods Limited has capitalized several large projects recently, leading to higher depreciation impacting the P&L, indicating recent significant capital investments.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.