Heritage Foods open to further acquisition

It wants to get to Rs 6,000 cr annual revenue in 5 years

Heritage Foods, the dairy products company which is based here, wants to get to Rs Rs 6,000 crore annual revenue in five years. The figure was Rs 2,300 crore in 2015-16.

For this, it says it would look for acquisitions, expanding its consumer base and its list of value-added products.

Present in 10 states and the Delhi region, it had made its first inorganic move (for a North India foray) late last year by acquiring the dairy division of Reliance Retail. This helped it gain entry into five states and increase the reach in those where it was already present.

"Companies with a