Page 2 - Heritage Foods

These 16 stocks have more than doubled from their coronavirus sell-off lows

The S&P BSE Sensex and the S&P BSE Allcap index have gained 23 per cent and 24 per cent, from their respective March 23, 2020 low levels

Amul to acquire Heritage Foods' dairy plant in Punjab for Rs 21.2 cr

Currently, GCMMF has two smaller plants in Punjab that largely make liquid milk, curd and buttermilk, and is looking to expand capacity in this space in the state

Say cheese! Dairy brands increasingly turning to chefs to whip up recipes

Heritage Foods, Amul, and Parag Milk have chef-run campaigns to bring down marketing cost by a tenth

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

Heritage Foods inks pact with French yogurt maker

To set up special yogurt manufacturing facility in IndiaDairy producer Heritage Foods Ltd has inked a 50:50 joint venture with France-based Novandie SNC to produce and market fruit and flavoured yogurt as well as western style dessert in India . The venture will set up a greenfield plant with a capacity of 20 tonnes per day at an estimated capital outlay of Rs 16 crore. The plant is set to commence commercial production in 2018. The board of directors of the company has proposed sub division of existing one equity share of the company of face value Rs 10 each in to two numbers of equity shares of face value of Rs 5 each, subject to the approval of the shareholders. This will improve liquidity of the company's shares on the stock market.As a part of composite scheme of arrangement, Future Retail Ltd. has allotted 17.85 million equity shares of Rs 2 each as a consideration for transfer/sale of retail business."The joint venture with Novandie, leading yogurt player in France is one of .

Heritage Foods stock price jumps 10% in two days on stock-split move

BS ReporterHyderabad, 20 July: Following an impressive stock performance over the past few years, Hyderabad-based dairy major Heritage Foods Limited has taken up stock split on the agenda at its next board meeting on August 10.With the consolidation of dairy business and the divestment of loss-making retail chain segment coupled with a new brand building exercise over the past one year by the company management has sent positive signals to the investors on taking the company to the next level. Making its goals even more clear to the investors, the management had declared that it was aiming to reach Rs 6,000 crore revenue mark in the next five years from Rs 2,273 crore revenue in 2016-17. In the light of all this, the stock price jumped 8 percent on Wednesday on stock split news and gained a further 2 percent on Thursday. The stock price closed 52 week high at Rs 1,210 yesterday and traded at around 1,230 today. The stock price more than doubled during the past one year as the stock ...

Milking Heritage

Heritage Foods handles around 1.4 million litres of milk per day procured from 350,000 farmers

Chandrababu Naidu's Heritage Foods aims to treble revenue in 5 years

Heritage Foods, an entity founded by Andhra Pradesh chief minister N Chandrababu Naidu, proposes to treble its annual revenue in the next five years as it eyes a larger presence in the organised dairy market. The latter market is estimated at Rs 80,000 crore a year and is seeing Patanjali, Coca-Cola, PepsiCo and ITC entering it, even as the existing ones such as Amul, Mother Dairy and Nestle try to consolidate their presence.N Brahmani, the daughter-in-law of Naidu and executive director of Heritage Food told this newspaper they were aiming at annual revenue in excesss of Rs 6,000 crore by 2020, from Rs 2,328 crore last year. "We propose to do this both organically and inorganically," she said. "Organically, we will focus on value-added dairy. We will also look at acquisitions that are a strategic fit to our business, giving us access into new markets."It has taken a step in that direction by acquiring Reliance Retail's dairy business, which received a nod from the Competition ...

Heritage Foods open to further acquisition

Hyderabad, 24 AprilHeritage 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 strong procurement base are the ones we will be certainly interested in. We want to grow our business through organic and inorganic means," said Brahmani Nara, executive director.The aim is a compounded annual rate of growth at 25 per cent in the next five years to reach the revenue target. The share of value-added products in the overall business is sought to be raised to 40 per cent from the ..

Heritage Foods Q3 net profit up 75% at Rs 20 crore

The retail, agri and bakery segments of the company have continued to face losses

Heritage Foods surges on talk of Future Group eyeing food retail outlets

The stock moved higher by 12% to Rs 902 on BSE on back of heavy volumes.

Heritage Foods to buy Reliance arm's dairy biz

Heritage Foods' revenues stood at Rs 641.3 crore in the quarter ended September 2016 against Rs 586.8 crore a year ago

Heritage Foods Q1 net profit up 54% at Rs 16.52 crore

Total income from operations grew 9.65% to Rs 634.23 crore in the quarter under review

Heritage Foods Q4 net up 41% at Rs 18 cr

Better numbers come from dairy business, which added little over 70% to the top line in the quarter under review