Launched several products across various its VAP categories in Q4 FY22
Heritage Foods Limited, a leading value-added and branded dairy products player in India, has announced its financial results for FY2022. The value-added products contribute 26.3% to the dairy revenue.
Revenue from operations was at Rs 2681.3 crore during FY2022. It grew by 8.4% YoY.
Brahmani Nara, Executive Director, said, “Heritage Foods has continued its steady march in consistently delivering strong Revenue growth, derived from its Value-Added Product (VAP) portfolio expansion, widening distribution network, and a ‘Debt Free’ status with healthy liquidity. During the fourth quarter of the year, the Company launched several products across various its VAP categories, such as new pack formats of Frozen Desert in Vanilla, Butterscotch and Chocolate flavours, and the all-new ‘easy-to-digest’ A2 Fresh milk in selected markets. As a result, our Value-Added Products continued its growth momentum with strong double-digit numbers. Along with our product expansion, consumer reach and geographical expansion are of utmost priority. A key milestone in this endeavour was Heritage Novandie Foods entrance into the Bengaluru market during FY2022. Additionally, we introduced the Natural French probiotic yoghurts across all the geographies during the quarter.”