Heritage Foods announced the inauguration of the new Ultra High Temperature (UHT) Milk plant with latest SIG packaging technologies, at Sampanbole Village, Shamirpet Mandal, Medchal Dist., Telangana.Incorporating a delectable array of offerings, the new plant will manufacture exciting flavours of Milkshakes, Flavoured Lassi, Rich Cold Coffee, Refreshing Buttermilk, Whey based Energy drink and UHT Milk. With SIG`s fast and flexible filling system, the company will always be able to react quickly and efficiently to whatever trends are shaping the market. The manufacturing facility will be able to produce nine different SKU`s from 80 to 200ml to reach diverse consumer groups and cover a wide range of price points.Powered by Capital Market - Live News

Net profit of Heritage Foods rose 95.92% to Rs 26.90 crore in the quarter ended December 2023 as against Rs 13.73 crore during the previous quarter ended December 2022. Sales rose 19.73% to Rs 941.10 crore in the quarter ended December 2023 as against Rs 785.99 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales941.10785.99 20 OPM %5.353.89 - PBDT51.5733.27 55 PBT36.0519.02 90 NP26.9013.73 96 Powered by Capital Market - Live News

Heritage Foods will hold a meeting of the Board of Directors of the Company on 29 January 2024.Powered by Capital Market - Live News

Heritage Foods has received reaffirmation in credit ratings from CRISIL as under:Total bank loan facilities rated - Rs 503.5 crore Long term rating - CRISIL A+/ Stable Short term rating - CRISIL A1Powered by Capital Market - Live News

Srivishnu Raju Nandyala Non-Executive Independent Director of Heritage Foods has ceased to be the director of the Company upon completion of his second and final term of 5 years at the close of business hours on 21 October 2023.Powered by Capital Market - Live News