Heritage Foods Q1 FY27 Profit Rises, Consolidates Subsidiary Holdings in Strategic Expansion

BY ADMIN • FILED 16 Jul 2026, 4:58 PM

Heritage Foods Limited has started FY27 on a positive note, reporting healthy growth in its standalone financial performance while announcing strategic acquisitions to strengthen its ownership in two subsidiaries. The decisions, approved by the company’s Board of Directors at its meeting held on July 16, 2026, reflect Heritage Foods’ focus on expanding its business and improving operational efficiencies through greater control over its group companies.

Q1 FY27 Standalone Financial Highlights

For the quarter ended June 30, 2026, Heritage Foods delivered steady growth across key financial metrics:

Revenue from Operations: Increased to ₹1,291.75 crore, compared with ₹1,114.30 crore in the corresponding quarter last year.
Profit After Tax (PAT): Rose to ₹24.77 crore, up from ₹23.04 crore in Q1 FY26.
Earnings Per Share (EPS): Improved to ₹2.67 from ₹2.48 a year ago, reflecting higher profitability.

The improved performance highlights stable demand across the company’s dairy and food products portfolio, supported by operational efficiencies and continued market expansion.

Heritage Foods to Increase Stake in Key Subsidiaries

Alongside its quarterly results, the company announced two strategic investments aimed at consolidating its ownership in existing subsidiaries.

Peanutbutter and Jelly Limited (PBJL): Heritage Foods will acquire an additional 20% equity stake, increasing its shareholding from 51% to 71%. The move strengthens the company’s presence in the value-added foods segment and provides greater control over PBJL’s operations.

Heritage Novandie Foods Limited (HNFL): The company will acquire the remaining 5.60% stake, taking its ownership from 94.40% to 100%. Following the acquisition, HNFL will become a wholly owned subsidiary, enabling tighter operational integration and improved strategic alignment.

Strengthening Long-Term Growth

The acquisitions demonstrate Heritage Foods’ commitment to expanding its value-added products portfolio while simplifying its corporate structure. Full ownership of HNFL and a larger stake in PBJL are expected to create operational synergies, improve decision-making, and support future growth initiatives.

With steady earnings growth and continued investment in its subsidiaries, Heritage Foods appears well-positioned to strengthen its leadership in India’s dairy and packaged foods market while creating long-term value for shareholders.