Heritage Foods Ltd's Net Profit Up 123 pc to Rs 26 cr in Q3FY20

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 percent

- EBITDA margin improved by 781 bps to 12.88 percent as against 5.07 percent in Q3FY20

- Net profit was at Rs 26.00 crore as compared to Rs 11.71 crore in Q3FY20, increased significantly by 122.1 percent

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 percent

- EBITDA margin improved by 691 bps to 12.10 percent as against 5.19 percent in 9MFY20

- Net profit was at Rs 123.91 crore as compared to Rs 40.49 crore in 9MFY20; increased by 206.0 percent

Commenting on the results, Brahmani Nara, Executive Director, Heritage Foods Ltd, said, "We are delighted to report a good set of numbers during the quarter. We are excited to share that, we have further strengthened our value-added products basket by launching probiotic curd and Ashwagandha Milk loaded with Ayurveda properties."

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