NSE: HERITGFOOD · BSE: 519552 · ISIN INE978A01027
Heritage Foods Limited stock analysis
Heritage Foods Limited ranks #2799 in the TickerSutra evidence-ranked universe with a score of 44/100 and 95% data confidence. The latest captured fundamentals show ROCE of 14.8%, quarterly sales growth of 17.7% and quarterly profit growth of -38.4%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Strong CFO/EBITDA of 0.89×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- No calculated threshold risk in the current snapshot.
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹2,681cr | ₹186cr | ₹96cr | 7.0% |
| 2023 | ₹3,241cr | ₹132cr | ₹58cr | 4.1% |
| 2024 | ₹3,794cr | ₹203cr | ₹107cr | 5.0% |
| 2025 | ₹4,135cr | ₹326cr | ₹188cr | 8.0% |
| 2026 | ₹4,526cr | ₹266cr | ₹150cr | 6.0% |
| TTM | ₹4,727cr | ₹254cr | ₹135cr | 5.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
MANAGEMENT COMMENTARY
Signals from filed documents
It crossed INR550 million, growing 65% year -on-year with Alpenvie, our new brand, delivering robust growth of 44%. Get-A-Way also delivered an encouraging performan ce with revenue growing 196% year -on-year, supported by improved product availability following capacity expansion while achieving a near breakeven bottom line. Supporting this momentum, our newly commissioned ice cream facility ramped up well during th
We have gained market share in curd. We have gained market share in paneer. We have gained market share in butter milk.
As the value -added products continue to grow and our revenues continue to kick in, this leverage will continue to improve. The only number which has changed is raw material costs have gone up by about 2.54% and of course, depreciation and financing costs because of some of our new facilities coming into play. Heritage Foods Limited July 17, 2026 Page 16 of 21 Srideep Kesavan: Thank you.
Supporting this momentum, our newly commissioned ice cream facility ramped up well during the quarter, reaching approximately 40% capacity utilization. The facility now manufactures both Alpenvie and Get -A-Way portfolios from a common platform, enabling faster capacity absorption, improving operating leverage and providing sufficient headroom to su pport future growth. Together, these developments reinforce our stra
And w e are doing it successfully in each market. Even this week also, we have seen price increases across several of our markets. We take the next question from the line of Pratik Kothari from Unique PMS.
And definitely, if the procurement prices go up, the pricing action will be there. If procurement prices go down, the margin expansion will be seen. Every year, we see the ups and downs.
But still, if you can give some more color on how we are able to achieve a 35% volume growth? Is it to do with geographic expansion or distribution expansion? Heritage Foods Limited July 17, 2026 Page 8 of 21 So, what exactly is driving this 35% volume growth in V AP?
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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