What we do Heritage Foods Ltd operates primarily in dairy and renewable energy sectors with a strong focus on milk procurement, processing, and value-added dairy products. |
Founded in 1,992 |
Market share Second largest private milk procurement network in South India with presence in 17 states; strong foothold in southern metro cities. |
Problem solved It empowers farmers by ensuring timely payments and fair milk pricing, supports rural livelihoods, and provides quality dairy products to consumers. |
Top clients or who we serve Serves consumers across urban and rural India; operates B2C dairy business catering to end consumers via retail and distribution networks. |
Key management Mrs. Bhuvaneswari Nara (Vice Chairperson & Managing Director), Mrs. Brahmani Nara (Executive Director), Mr. Srideep Kesavan (CEO). |
Our journey and innovations Started in 1992, expanded milk procurement network to 300,000 farmers; diversified into renewable energy and value-added products; acquired Reliance Retail dairy assets and majority stake in Novandie. |
Where we operate Operates in 17 Indian states with procurement in 9 major milk-producing states. |
Top products or what we offer Milk, curd, paneer, ice cream, flavoured milk, ghee, butter, sweets, veterinary feed and medicines. |
Top brands Heritage (flagship dairy brand), Heritage Alpenvie (premium ice cream), Mamie Yova (yoghurt). |
Raw materials needed Raw milk procured directly from farmers; cattle feed and veterinary products. |
Raw materials supplier Direct procurement from 300,000+ dairy farmers across key milk-producing states. |
Recurring vs cyclical contribution Majority of revenue is recurring from dairy product sales supported by stable farmer network. |
Our industry position Among top private dairy companies in India with robust supply chain and growing VAP segment. |
Financial highlights FY25 consolidated revenue ₹41,346 million, net profit ₹1,883 million; 9% YoY revenue growth, 77% PAT growth. |
Geographical revenue split Revenues mainly from southern and western India with expanding presence in northern states. |
Order book - |
Whats driving growth Increasing milk and VAP sales, strategic acquisitions, and expanding chilling and processing capacities. |
Our future plans Expansion of product portfolio, commissioning of new ice cream plant, growth in value-added products, and enhancing digital initiatives. |
Our green promise Operates 12.14 MW renewable energy capacity; focuses on sustainability and reducing carbon footprint. |
Our people and values 3,364 employees with focus on training and inclusive culture; certified Great Place to Work till 2025. |
Key challenges ahead Maintaining competitive pricing, weather impacts on milk production, and expanding into new markets efficiently. |
Interesting facts First Indian dairy to export ghee to USA; robust milk procurement network of 300,000 farmers. |
Risks and strategy Risks include supply chain disruptions and regulatory changes; mitigated by diversified procurement, quality focus, and innovation. |
