Heritage Foods Limited Consolidated Financial Results – Q3FY21

29-01-2021 Fri 17:39 | Local | Press Release

Revenue was at Rs 605 crore
EBITDA increased by 128% to Rs 78 crore
Net Profit at Rs 26 crore; up 123%

Hyderabad, January 29, 2021: Heritage Foods Ltd., one of the leading private dairy players in India, has declared its financial results for the quarter ended December 31, 2020.

Q3FY21 Results - Consolidated

Revenue from operations was at Rs 604.92 crore as compared to Rs 672.42 crore in Q3FY20
EBIDTA was at Rs 77.92 crore as compared to Rs 34.12 crore in Q3FY20; registered a growth of 128.37%
EBITDA Margin improved by 781 bps to 12.88% as against 5.07% in Q3FY20
Net Profit was at Rs 26.00 crore as compared to Rs 11.71 crore in Q3FY20, increased significantly by 122.1%

9MFY21 Results - Consolidated

Revenue from operations was at Rs 1,853.75 crore as compared to Rs 2,073.26 crore in 9MFY20
EBIDTA was at Rs 224.22 crore as compared to Rs 107.67 crore in 9MFY20; registered a significant growth of 108.25%
EBITDA Margin improved by 691 bps to 12.10% as against 5.19% in 9MFY20
Net Profit was at Rs 123.91 crore as compared to Rs 40.49 crore in 9MFY20; increased by 206.0%

Commenting on the results, Brahmani Nara, Executive Director, said, “We are delighted to report good set of numbers during the quarter.

We are excited to share that, we have further strengthened our valued added products basket by launching probiotic curd and Ashwagandha Milk loaded with Ayurveda properties.

Total cash flows from sale of stake in Future Retail would be used to reduce the debt and further strengthen our marketing efforts”