Heritage Meals Q1 Outcomes: Dairy firm Heritage Meals Restricted on Thursday reported a pointy decline in web revenue for the primary quarter of FY26, as the corporate posted a web revenue of Rs 40.5 crore for the April–June quarter, down 30.7 per cent from Rs 58.4 crore reported in the identical interval earlier 12 months (Q1 FY25).
The autumn in revenue got here regardless of a ten.1 per cent year-on-year (YoY) development in income, which rose to Rs 1,136.7 crore from Rs 1,032.6 crore in a year-ago interval, based on its inventory change submitting.
The corporate’s margins have been hit as a result of larger enter and operational prices. EBITDA for the quarter dropped 21.2 per cent to Rs 73.8 crore from Rs 93.7 crore within the year-ago interval.
The EBITDA margin additionally declined to six.5 per cent from 9 per cent, reflecting strain on profitability.
Following the earnings announcement, shares of Heritage Meals fell 3.17 per cent on the Nationwide Inventory Alternate (NSE), settling at Rs 463.65 after touching an intra-day low of Rs 455.85.
Within the final 5 days, the shares declined by Rs 22.9 or 4.7 per cent. Over the previous one month, the share worth elevated by Rs 20.7 or 4.67 per cent.
Within the final six months, the shares rose by Rs 30.9 or 7.13 per cent. On a year-to-date (YTD) foundation, the shares fell by Rs 19.75 or 4.08 per cent.
In the meantime, the board of Heritage Meals accepted the acquisition of a further 44.4 per cent stake in Heritage Nutrivet (HNFPL).
With this transfer, the corporate’s whole stake in HNFPL will rise to 94.4 per cent, giving it strategic management over the yogurt provide chain.
Government Director Brahmani Nara mentioned that unseasonal rains in April and Could had briefly affected demand for value-added merchandise (VAP), which in flip impacted profitability.
Nonetheless, she famous that the month of June confirmed a wholesome restoration, and the corporate stays assured about its long-term development.
She additionally shared that the corporate’s greenfield ice cream undertaking is shifting forward as deliberate, underlining the agency’s continued concentrate on increasing its product choices.