Heritage Foods Q3 net up 20% to Rs 20 cr on strong operating margins

Revenue up 6.9% to Rs 619 cr, nine-month profit up 46% tp Rs 62 cr

Hyderabad-based Heritage Foods posted a 20 per cent rise in consolidated net profit, at Rs 20.10 crore for the quarter ended December 2018 compared to Rs 16.76 crore in the corresponding quarter last year.

Total consolidated revenue of the company rose by 6.9 per cent to Rs 618.76 crore for the October–December quarter of 2018 from Rs 578.93 crore reported for the same period last year.

“There is a significant improvement in our operating margins for the nine months of FY19. We are now experiencing better demand for our products across all our selling regions and markets. We are very optimistic about