Heritage Foods Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
October 17, 2022
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Heritage Foods Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 8,161.52 million compared to INR 6,703 million a year ago. Revenue was INR 8,190.51 million compared to INR 6,731.98 million a year ago. Net income was INR 190.45 million compared to INR 327.67 million a year ago. Basic earnings per share from continuing operations was INR 4.1 compared to INR 7.06 a year ago. Basic earnings per share was INR 4.1 compared to INR 7.06 a year ago.
For the six months, sales was INR 16,370.71 million compared to INR 13,183.54 million a year ago. Revenue was INR 16,426.15 million compared to INR 13,240.93 million a year ago. Net income was INR 263.17 million compared to INR 630.7 million a year ago. Basic earnings per share from continuing operations was INR 5.67 compared to INR 13.59 a year ago. Basic earnings per share was INR 5.67 compared to INR 13.59 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 
