Heritage Foods Ltd reported a 36.7% year-on-year decline in consolidated net profit to ₹24.16 crore for Q4FY26, compared with ₹38.17 crore in the same period last year. According to reports from CNBC TV18, revenue rose 10.4% year-on-year to ₹1,157.56 crore versus ₹1,048.47 crore, demonstrating the company's ability to grow despite profitability challenges. The company crossed the ₹4,526 crore annual revenue milestone in FY26 despite severe milk supply-side constraints and elevated input costs.
EBITDA fell 34.6% to ₹52.23 crore from ₹79.88 crore in the year-ago period, with margins contracting significantly to 4.5% from 7.6% a year earlier. As reported by CNBC TV18, this margin compression was primarily attributed to elevated milk inflation and input costs. The company's procurement volumes were impacted by industry-wide milk shortages, with Q4FY26 procurement at 16.38 LLPD, down 7% year-on-year. Average landed milk cost rose 8% to ₹46.7 per litre in Q4FY26 amid tight supply conditions and inflationary pressures.
Milk sales volumes increased 1% year-on-year to 11.73 LLPD in Q4FY26 and 2% in FY26, while average selling prices rose 4% to ₹57.80 per litre in Q4FY26 and ₹57.13 per litre in FY26, supported by calibrated pricing actions. According to CNBC TV18, value-added products remained a key driver, with VAP revenue rising 18% year-on-year to ₹396 crore in Q4FY26 and 13% to ₹1,468 crore in FY26. VAP contribution improved to 35.5% in Q4FY26 from 32.5% a year earlier, and to 35.3% in FY26 from 32.0%.
Category-wise performance showed strong growth across key segments, with paneer volumes growing 32% year-on-year in Q4FY26, curd rising 11%, and ice cream increasing 26%. As reported by CNBC TV18, growth was supported by new product launches including Livo Yogurts, Sampurna A2 Curd, Nourish+ High Protein Paneer, and Alpenvie Ice Cream range. Heritage Nutrivet Ltd posted a 33% year-on-year rise in revenue to ₹246 crore in FY26, while profit before tax stood at ₹20.6 crore. E-commerce and quick commerce revenue grew 56% year-on-year, while fresh distribution and emerging channels increased 49%.
The board has recommended a final dividend of ₹2.50 per equity share (50% of face value ₹5) for FY26, subject to shareholder approval at the 34th Annual General Meeting. If approved, the dividend will be paid on July 30, 2026. According to CNBC TV18, shares of Heritage Foods Ltd ended at ₹379.70, up by ₹17.20, or 4.74%, on the BSE, reflecting positive market sentiment despite the challenging quarterly results.
