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Business EconomyPosted at: May 22 2019 7:02PM


Heritage Foods registers revenue growth of 13.07 pc in Q4FY18-19

Hyderabad, May 22 (UNI) Heritage Foods Limited, one of the leading private dairy players in India, has declared its financial results for the fourth quarter ended March 31, 2019.

The Company Revenues from operations was put at Rs 635.03 crore as compared to Rs 561.63 crore in Q4FY17-18, registered a growth of 13.07 per cent.
Profit Before Interest and Taxes (PBIT) was at Rs 37.42 crore in Q4FY18-19 and Profit after tax was at Rs 20.16 crore during the same period, a company statement here said on Wednesday.

The company Revenues from operations were at Rs 2514.75 crore as compared to Rs 2373.42 crore in FY 17-18, registered a growth of 5.95 per cent.

PBIT was at Rs 149.40 crore in FY18-19, as against Rs 108.14 crore in FY17-18, registered a growth of 38.15 per cent.

The company’s Profit after tax was at Rs. 82.59 crore in FY 18-19, as compared to Rs. 62.73 crore in FY17-18.

The Company has recommended Rs 2 per share—40 per cent of dividend on a face value of Rs 5 per share.
Commenting on the results, Ms Brahmani Nara, Executive Director, said, “We have expanded our value added products basket during the current financial year by launching new range of health drinks Ragi and Sabja Lassi. Our new plant near Mumbai for manufacturing of flavoured yogurt and deserts, which is a joint venture with leading French Dairy major Novandie should be ready during the current financial year and expecting good traction in revenues from these high value added products from next financial year onwards”, she said.
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