Heritage Foods Limited Consolidated Financial Results - Q2FY21

• Revenue was at Rs 610.03 crore
• EBITDA increased by 258% to Rs 88.99 crore
• Net Profit after adjustments was at Rs. 53.94 crore

Hyderabad, Oct 28, 2020: Heritage Foods Ltd., one of the leading private dairy players in India, has declared its financial results for the quarter ended Sept 30, 2020.

Q2FY21 Results - Consolidated

• Revenue from operations was at Rs 610.03 crore
• EBIDTA was at Rs. 88.99 crore as compared to Rs 24.18 crore in Q2FY20; registered a growth of 258%
• Net Profit after adjustments was at Rs 53.94 crore as compared to Rs 10.66 crore in Q2FY20.

 H1FY21 Results - Consolidated

• Revenue from operations was at Rs 1248.83 crore
• EBIDTA was at Rs 146.29 crore as compared to Rs 73.55 crore in H1FY20; registered a significant growth of 99%
• Net Profit after adjustments was at Rs 83.17 crore as compared to Rs 29.51 crore in H1FY20.

The adjustments to net profit outlined above are the fluctuations in the fair value of investments in equity shares of Future Retail Limited and the corresponding derivative liabilities.

Commenting on the results, Mrs. Brahmani Nara, Executive Director, said, “We are delighted to ensure uninterrupted procurement of all the milk produced by our farmers. Our uninterrupted delivery of health and nutrition during the Covid times to our consumers is very fulfilling.

She further added that “During the quarter, we have strengthened our value-added products portfolio by launching immunity-boosting Ginger, Tulsi, and Turmeric milk variants. Besides strengthening our online presence by launching Heritage TUCH App, for online ordering of milk and milk products for the convenience of our consumers.”