Heritage Foods Ltd's Q3FY25 Quarter Results
- 23 Jan 2025
Result Summary
- Heritage Foods Ltd reported a 1.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 10.4%.
- Its expenses for the quarter were up by 2.5% QoQ and 8.3% YoY.
- The net profit decreased 11.5% QoQ and increased 60.0% YoY.
- The earnings per share (EPS) of Heritage Foods Ltd stood at 4.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1042.27 | 1026.97 | 944.10 | 1.5% | 10.4% |
Total Expenses | 981.62 | 957.50 | 906.45 | 2.5% | 8.3% |
Profit Before Tax | 58.81 | 67.47 | 37.66 | -12.8% | 56.2% |
Tax | 15.76 | 18.84 | 9.15 | -16.3% | 72.2% |
Profit After Tax | 43.05 | 48.63 | 26.90 | -11.5% | 60.0% |
Earnings Per Share | 4.60 | 5.20 | 2.90 | -11.5% | 58.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Heritage Foods Ltd is a prominent player in the Indian dairy industry, known primarily for its wide range of dairy products including milk, curd, butter, and other dairy-based consumables. In addition to its core dairy offerings, the company is involved in renewable energy and retail business segments. Heritage Foods has been expanding its footprint across India through its robust distribution network and increasing its product portfolio to cater to diverse consumer demands. Recent developments in the company include strategic efforts to strengthen its brand presence and increase production capacity to meet the rising demand for dairy products in the country. However, specific recent events or strategic initiatives were not provided in the data.
Revenue
In Q3FY25, Heritage Foods Ltd reported a total income of ₹1042.27 crores, representing a 1.5% increase from the ₹1026.97 crores recorded in Q2FY25. The year-over-year growth for total income was 10.4% compared to ₹944.10 crores in Q3FY24. This growth trajectory indicates an upward trend in the company's revenue generation capabilities over the past year. The increase in total income can be attributed to various factors, including enhanced sales performance and potentially broader market reach, although specific drivers were not detailed in the available data.
Profitability
The company recorded a profit before tax of ₹58.81 crores in Q3FY25, which marks a decline of 12.8% from ₹67.47 crores in Q2FY25. However, on a year-over-year basis, there was a significant increase of 56.2% from ₹37.66 crores in Q3FY24. The tax expense for the quarter stood at ₹15.76 crores, showing a reduction of 16.3% from the previous quarter but an increase of 72.2% year-over-year. Consequently, the profit after tax for Q3FY25 was ₹43.05 crores, reflecting a decrease of 11.5% quarter-over-quarter but a robust year-over-year growth of 60.0%. Earnings per share followed a similar trend, decreasing to ₹4.60 in Q3FY25 from ₹5.20 in Q2FY25, yet improving from ₹2.90 in Q3FY24.
Operating Metrics
Total expenses for Heritage Foods Ltd in Q3FY25 amounted to ₹981.62 crores, which is a 2.5% increase from ₹957.50 crores in Q2FY25 and an 8.3% rise from ₹906.45 crores in Q3FY24. This suggests the company's operational costs have grown, which might be in line with increased production or expansion activities. The financial metrics provided indicate that while the company has managed to grow its revenue and profitability year-over-year, it experienced a slight contraction in profit margins on a quarter-over-quarter basis. The data presented does not include specific ratios or additional operational insights, thus limiting further detailed analysis of operational efficiency.
