Heritage Foods’ Q4 Results Shine with 126% Net Profit Surge and 16.3% Revenue Growth

Heritage Foods posts strong FY24 results with soaring profits, double-digit revenue growth, and impressive returns for investors over 6 and 12 months.
Heritage Foods' Q4 Results Shine with 126% Net Profit Surge and 16.3% Revenue Growth

Heritage Foods, a leading dairy products company, has showcased impressive financial performance in both Q4FY24 and the full fiscal year 2023-24. The company’s standalone net sales for March 2024 grew by 15.79% year-on-year to Rs 935.75 crore, contributing to an overall revenue of Rs 950 crore in Q4FY24, a 16.3% increase from the previous year.

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Profitability also saw significant growth, with quarterly net profit rising by 20.29% to Rs 23.34 crore in March 2024 and a remarkable 126% surge in Q4FY24 net profits to Rs 40.5 crore. EBITDA stood at Rs 71.34 crore in March 2024, a 65.22% increase from the previous year.

For FY24, revenue from operations increased by 17.1% to Rs 3,793 crore, while net profits grew by 83.6% to Rs 106 crore. EBITDA increased by 51.5% to Rs 209 crore, with the EBITDA margin expanding by 125 basis points to 5.52%.

The company’s EPS rose to Rs 2.51 in March 2024 from Rs 2.08 in March 2023. Heritage Foods’ shares have provided investors with returns of 52.18% over 6 months and 82.04% over 12 months, reflecting the company’s strong growth and market performance.

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