The company posted a consolidated profit of Rs 48.63 crore ($5.8 million) in the three months ended Sept. 30
In Odisha, Heritage launched its products about six to nine months back
The stock price of Heritage Foods had doubled in mere 12 trading sessions. On June 4, DSP Small Cap Fund sold 1.035 million or 1.12 per cent stake in Heritage Foods via open market.
Heritage Foods Ltd's shares: TDP leader Chandrababu Naidu's wife, Bhuvaneswari Nara, and son, Nara Lokesh, hold 24.37% and 10.82% stakes in the company
Dairy firm with ties to TDP chief aiming for national brand status with Rs 6K cr revenue
Analysts expect some populist measures to address rural stress and lift sentiments at the margin, given the nature of the Lok Sabha polls verdict.
Heritage Foods hit a record high of Rs 538, as they rallied 18 per cent on the BSE in Wednesday's intra-day trade amid heavy volumes.
On Wednesday, Heritage Foods reported a revenue of Rs 950 crore, marking a 16.3 per cent increase from Rs 817.6 crore in the corresponding period a year ago
Q4FY24 company results: Alkem Laboratories, Heritage Foods, Aadhar Housing Finance, and Mazagon Dock Shipbuilder will be releasing their fourth-quarter report on May 29
Earlier this month, analysts at HDFC Securities said the demand for organised dairy products in India is going up due to rising income and a preference for healthier options
Stocks to Watch: TCS and other IT stocks in focus, as the Tata Group IT major will be reporting its Q3 earnings on Monday.
Dairy stocks: Analysts see the benefits of price hikes to begin accruing from the March quarter onwards, while the financial year 2023-24 (FY24) will be a steady year for the industry's margins
Stocks to Watch Today: In the F&O space, Ambuja Cements, Can Fin Homes, Delta Corp, Escorts, PVR and RBL Bank are in F&O ban period on Thursday.
Analysts are wary of companies majorly focused in the low-margin milk segment as they believe firms with a strong market share in value-added products (VAPs) are more likely to sustain in the industry
A tradition does not have to be popular, aesthetically appealing or even have any value in the modern world. It just needs to have value for the community, according to Unesco
The price hike may spark a bullish rally in dairy-related stocks like Hatsun Agro Product, Heritage Foods and Parag Milk Foods indicate charts.
Sector seen shrugging off pandemic impact of last fiscal with improved supply chain
L&T Finance said it has closed its rights issue and raised over Rs 2,998 crore
Heritage Foods has sold its entire holding representing over 3 per cent stake in Kishore Biyani-led Future Retail for around Rs 132 crore in the open market to mainly repay its long term loans.
The Company said it has disposed off its entire holdings/investment of 17.85 million equity shares held in Future Retail