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Heritage Foods LimitedHERITGFOODCorporate

Food - Processing - Indian Latest results: Sep 2026 15 quarters of data
Consolidated Standalone
₹405.40
MCap ₹3,762 Cr · P/E 32.8
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹1,320 Cr
Sales · Sep 2026
+18.6% YoY
₹74 Cr
Operating Profit · Sep 2026
-4.2% YoY
5.6%
OPM % · Sep 2026
-18.8% YoY
₹31 Cr
Net Profit · Sep 2026
-39.5% YoY
₹3.38
EPS · Sep 2026
-38.5% YoY

📝 Heritage Foods Limited — results explained

Quarter ended September 2026 (Q2 FY27)

Heritage Foods Limited reported revenue of ₹1,320 crore for the quarter ended September 2026 (Q2 FY27), up 18.6% from ₹1,113 crore in the same quarter last year, and down 1.4% sequentially over the June 2026 quarter.

Net profit fell 39.5% year-on-year to ₹31 crore, from ₹51 crore. Earnings per share (EPS) came in at ₹3.38.

Operating profit stood at ₹74 crore — an operating margin (OPM) of 5.6%, compared with 6.9% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Heritage Foods Limited posted revenue of ₹4,526 crore, a growth of 9.5% over FY25, with a net profit of ₹150 crore (down 20.1% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹4,934 crore with a net profit of ₹115 crore.

Valuation snapshot

At the current price of ₹405.40, HERITGFOOD has a market capitalisation of ₹3,762 crore and a trailing P/E of about 32.8.

Within the Food - Processing - Indian industry, it is the 6th-largest of the 40 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 41.30%, foreign institutional investors (FIIs) 1.70%, domestic institutional investors (DIIs) 6.29%, public shareholders 50.70% of Heritage Foods Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹3,762 Cr
Current Price ?
₹405.4
P/E ?
32.78above ind
Industry P/E ?
24.80
P/B ?
3.31
P/S ?
0.76
P/FCF ?
-26.49
Enterprise Value ?
₹4,146 Cr
EV/EBITDA ?
16.52
PEG ?
0.86
Earnings Yield ?
3.7%
Dividend Yield ?
0.64%
Profitability & Returns
Sales (TTM) ?
₹4,934 Cr
OPM ?
5.1%
Profit after tax (TTM) ?
₹115 Cr
EPS (TTM) ?
₹12.37
ROCE ?
16.0%
ROE ?
10.1%
ROA ?
5.7%
Growth
Sales — latest qtr ?
₹1,320 Cr
PAT — latest qtr ?
₹31 Cr
YoY qtr sales growth ?
18.6%
YoY qtr profit growth ?
-39.5%
Sales growth (3y) ?
12%
Sales growth (5y) ?
13%
Profit growth (3y) ?
38%
Profit growth (5y) ?
-1%
Financial Health
Debt ?
₹384 Cr
Debt to Equity ?
0.34
Interest Coverage ?
10.7
Current Ratio ?
N/A
Ownership
Promoter holding ?
41.30%
Change in promoter holding ?
0.00%
Pledged percentage ?
N/A
Market
Return 3 months ?
22.4%
Return 6 months ?
12.7%

🗓️ Quarterly results (15 quarters · ₹ Cr)

same fiscal quarter as Sep bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026 YoY % QoQ %
Sales 8189249799419511,0331,0201,0341,0481,1371,1131,1191,1581,3381,320 +18.6% -1.4%
Operating Profit 404047526994837480747763526274 -4.2% +19.6%
Other Income 332354587558663 -34.8% -47.5%
Interest 232233444444587 +89.1% -11.8%
Depreciation 151515161617171818192020222627 +36.6% +3.7%
Profit Before Tax 262431365578675954556846323443 -37.1% +27.0%
Net Profit 181722274058494338415135242531 -39.5% +23.6%
EPS 1.931.802.422.904.366.305.244.644.114.375.503.732.602.723.38 -38.5% +24.3%
OPM % 4.8% 4.4% 4.8% 5.5% 7.3% 9.1% 8.2% 7.2% 7.6% 6.5% 6.9% 5.6% 4.5% 4.6% 5.6% -18.8% +21.7%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹4,135 Cr ₹4,526 Cr ₹4,934 Cr +9.5%
Operating Profit ₹331 Cr ₹266 Cr ₹251 Cr -19.5%
OPM % 8.00% 5.88% 5.09% -26.5%
NPM % 4.55% 3.33% 2.33% -26.8%
Other Income ₹24 Cr ₹24 Cr ₹24 Cr +0.7%
Depreciation ₹70 Cr ₹81 Cr ₹96 Cr +15.8%
Interest ₹15 Cr ₹17 Cr ₹25 Cr +12.5%
EBIT ₹261 Cr ₹186 Cr ₹155 Cr -28.9%
PBT ₹258 Cr ₹201 Cr ₹154 Cr -22.3%
Tax ₹70 Cr ₹39 Cr ₹28 Cr -44.0%
Net Profit ₹188 Cr ₹150 Cr ₹115 Cr -20.1%
EPS ₹20.29 ₹16.20 ₹12.43 -20.2%
Material Cost ₹3,161 Cr ₹2,575 Cr ₹3,012 Cr -18.5%
Employee Cost ₹313 Cr ₹254 Cr ₹266 Cr -19.0%
Extraordinary Items ₹-9 Cr ₹10 Cr ₹1 Cr +216.4%

🏛️ Balance Sheet (latest 5 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026 % Chg
Equity Capital 4646464646 +0.9%
Reserves 6797629261,0571,090 +3.2%
Borrowings 168132175361384 +6.5%
Other Liabilities 231341412485477 -1.6%
Total Liabilities 1,1251,2811,5581,9501,998 +2.5%
Fixed Assets 6227047481,1681,193 +2.1%
CWIP 20206847134 +184.8%
Investments 15140196186174 -6.3%
Other Assets 469416547550497 -9.6%
Total Assets 1,1251,2811,5581,9501,998 +2.5%

📦 Working Capital (latest 1 periods)

Metric Sep 2026 % Chg
Inventories 260 —
Trade Receivables 79 —
Trade Payables 202 —

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity -61390214237 +10.7%
Cash from Investing Activity -83-252-229-375 -63.8%
Cash from Financing Activity 126-761138 +13700.0%
Net Cash Flow -1762-140 +100.0%
Free Cash Flow -14026742-142 -438.1%
CFO/OP -29%210%86%105% +22.1%

💧 Half-year Cash Flow (latest 1 periods)

Metric Sep 2026 % Chg
Cash from Operating Activity 174 —
Cash from Investing Activity -158 —
Cash from Financing Activity -23 —
Net Cash Flow -6 —

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 3336 +100.0%
Inventory Days 56334434 -22.7%
Days Payable 11182122 +4.8%
Cash Conversion Cycle 47182618 -30.8%
Working Capital Days 131510 +100.0%
ROCE % 10%16%25%16% -36.0%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Sep 2026 % Chg
Promoters 41.30%41.30%41.30%41.30%41.30% +0.0%
FIIs 6.16%4.60%3.95%2.21%1.70% -23.1%
DIIs 4.14%4.31%4.88%6.21%6.29% +1.3%
Public 48.41%49.78%49.86%50.28%50.70% +0.8%
No. of Shareholders 1,32,5481,31,8041,27,4701,27,6711,18,993 -6.8%

⚖️ Peer comparison

Industry: Food - Processing - Indian · top 25 of 40 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 MANORAMA Manorama Industries ₹1,932.20 12,197 43.7 1,472 264 27.0% 17.9% 76.1% 108.1% 39.5% 61.3%
2 KRBL KRBL ₹393.95 9,017 11.9 6,009 758 16.5% 12.6% 9.0% 36.2% -5.6% 73.2%
3 BECTORFOOD Mrs. Bectors ₹226.63 6,951 46.8 2,119 148 12.8% 7.0% 9.0% -1.9% 16.0% 25.0%
4 DODLA Dodla Dairy ₹1,063.60 6,416 26.2 4,316 246 6.7% 5.7% 10.9% 3.1% 19.0% -35.5%
5 VADILALIND Vadilal Industries ₹7,486.00 5,381 24.6 1,675 219 18.7% 13.1% 21.2% -4.0% 34.4% 145.3%
6 HERITGFOOD Heritage Foods ₹420.55 3,903 33.8 4,934 115 5.1% 2.3% 9.5% -20.1% 18.6% -39.5%
7 PARAGMILK Parag Milk ₹271.10 3,430 24.8 3,818 135 8.9% 3.5% 11.2% 14.0% 3.0% 23.0%
8 GOPAL Gopal Snacks ₹254.60 3,174 37.8 1,609 84 7.3% 5.2% 2.8% 304.4% 31.2% 328.2%
9 ADFFOODS ADF Foods ₹270.15 2,968 32.3 718 91 19.0% 12.7% 16.1% 28.2% 25.9% 13.4%
10 DIAMONDYD Prataap Snacks ₹1,102.20 2,638 — — — — — 18.3% 553.3% -5.1% 313.1%
11 TASTYBITE Tasty Bite ₹8,718.00 2,237 62.2 583 36 10.4% 6.2% -1.0% 37.9% 28.6% 7.9%
12 GRMOVER GRM Overseas ₹84.31 1,750 45.1 1,868 77 5.5% 4.1% 31.2% 22.9% 30.5% 10.2%
13 CLSEL Chaman Lal ₹298.25 1,483 11.8 1,478 125 11.6% 8.4% -3.7% 11.3% 12.6% 47.8%
14 KCK Kck Industries ₹214.00 1,361 n/m 29 0 0.1% 1.5% — — 3.2% -21.6%
15 AVTNPL AVT Natural ₹88.11 1,342 16.0 821 83 13.9% 10.1% 28.1% 32.9% 82.2% 156.7%
16 HMAAGRO HMA Agro ₹24.65 1,234 5.8 7,904 215 2.1% 2.7% 34.7% 88.4% 88.0% 8361.3%
17 SKMEGGPROD SKM Egg ₹209.79 1,106 9.9 777 112 21.0% 14.4% 54.3% 200.8% 4.9% 46.3%
18 KRISHIVAL Krishival Foods ₹419.00 1,074 40.7 332 23 10.0% 7.0% 44.7% 64.0% 79.6% 27.3%
19 MUKKA Mukka Proteins ₹27.00 810 11.0 1,768 74 8.4% 4.2% 44.0% 21.3% 186.7% 1072.7%
20 SCPL Sheetal Cool ₹653.90 687 33.1 386 21 11.6% 5.4% 33.3% 34.3% 19.0% 9.6%
21 EIFFL Euro India ₹270.10 670 123.9 157 5 10.5% 3.4% 5.8% -11.1% 15.7% 124.2%
22 TBI TBI Corn ₹314.85 572 31.1 304 18 11.3% 5.9% — — 41.5% 33.3%
23 SARVESHWAR Sarveshwar Foods ₹3.74 461 39.8 671 11 3.3% 1.6% 19.5% 18.6% 4.2% 7.7%
24 FOODSIN Foods & Inns ₹51.98 382 15.9 789 24 12.1% 3.0% -13.5% -35.9% -33.3% -46.0%
25 MEGASTAR Megastar Foods ₹286.00 323 32.5 558 10 6.4% 1.8% 49.7% 153.2% 23.5% 41.4%
❓ Frequently asked questions
What was Heritage Foods Limited's revenue in Q2 FY27?
Heritage Foods Limited reported revenue of ₹1,320 crore for the quarter ended September 2026 (Q2 FY27), up 18.6% from ₹1,113 crore in the same quarter last year, and down 1.4% sequentially over the June 2026 quarter.
What was Heritage Foods Limited's net profit in Q2 FY27?
Net profit fell 39.5% year-on-year to ₹31 crore, from ₹51 crore. Earnings per share (EPS) came in at ₹3.38.
What is HERITGFOOD's market capitalisation and P/E ratio?
At the current price of ₹405.40, HERITGFOOD has a market capitalisation of ₹3,762 crore and a trailing P/E of about 32.8.
Who owns Heritage Foods Limited? (shareholding pattern)
As of Sep 2026, promoters held 41.30%, foreign institutional investors (FIIs) 1.70%, domestic institutional investors (DIIs) 6.29%, public shareholders 50.70% of Heritage Foods Limited.
TTM ends 2026-09-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI