NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Heritage Foods Ltd. has reported revenue, Ebitda and profit after tax growth of 11.8%, 132.8% and 248.2%, YoY, respectively. Milk procurement remained strong at 1.62 mnpd (+6.6% YoY). Value added product reported strong revenue growth of 19.9% YoY. Gross and Ebitda margins expanded 634 bps and 472 bps, YoY, respectively, led by lower average milk procurement prices.
Dairy and cattle feed segments reported 450 bps and 407 bps Ebit margin expansion, YoY, respectively. Ebit margin contracted 599 bps YoY for renewable energy segment. Average milk procurement price was down Rs 3.47/litre YoY, whereas selling price was up Rs 0.22/ltr YoY.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Comprehensive Budget 2026 coverage, LIVE TV analysis, Stock Market and Industry reactions, Income Tax changes and Latest News on NDTV Profit.