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ICICI Securities Report
Heritage Foods Ltd. has continued its investments in people as well as products.
After appointment of Mr. Viney Vatal as Chief Executive Officer of Heritage Nutrivet, the company has inducted Mr. Srideep Nair Kesavan as CEO of Heritage Foods.
His vast experience in Coca-Cola will be crucial in driving revenue growth of Heritage Foods.
The company also continued to expand its product portfolio and has launched tikka paneer, spiced butter and yoghurts in joint venture with Novandie in H1 CY21.
We model the benefits of these investments to accrue over next two to three years.
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