Heritage Foods Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 29, 2024 at 05:19 am EST
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Heritage Foods Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 9,411.02 million compared to INR 7,859.86 million a year ago. Revenue was INR 9,441.05 million compared to INR 7,891.42 million a year ago. Net income was INR 269.01 million compared to INR 137.25 million a year ago. Basic earnings per share from continuing operations was INR 2.9 compared to INR 1.5 a year ago. Basic earnings per share was INR 2.9 compared to INR 1.5 a year ago.
For the nine months, sales was INR 28,433.35 million compared to INR 24,230.57 million a year ago. Revenue was INR 28,507.84 million compared to INR 24,317.58 million a year ago. Net income was INR 660.53 million compared to INR 400.44 million a year ago. Basic earnings per share from continuing operations was INR 7.12 compared to INR 4.37 a year ago. Basic earnings per share was INR 7.12 compared to INR 4.37 a year ago.
Heritage Foods Limited is an India-based dairy company. The Company's segments include Dairy, Renewable energy and Feed. The Dairy segment is engaged in the manufacturing and marketing a complete range of milk and milk products. The Renewable energy segment produces power for captive consumption through its solar and wind power plants. The Feed segment is engaged in the manufacturing of a wide varieties of cattle and fish feeds. The Company's milk products include toned milk, double toned milk, A2 full cream milk, UHT milk, cow milk, full cream milk and slim milk. Its fat products include cow ghee, cooking butter, buffalo ghee, table butter, fresh cream and Hi aroma ghee. Its value-added products include curd, butter milk, flavored milk, sweets, cheese, lassi, milk shakes, cold coffee, paneer and whey drink. The Company's ice cream products include tubs, bars, kulfi, family packs, cones, cups and juicy bars. Its fish feed products include floating fish feed and sinking fish feed.
HERITAGE FOODS LIMITED 
