MoneyWorks4Me

Heritage Foods gets nod for expansion into Non-Dairy Food Products

03 Nov 2021 Evaluate

Heritage Foods’ Board of Directors has approved the proposal of expansion into Non-Dairy Food Products in the premium nutrition segment. This move will improve the company’s margin profile and also de-seasonalize the business, ensuring sustained value creation in the long run.

The proposed expansion into Non-Dairy Food Products in the premium nutrition segment is in line with Heritage Foods' vision to delight every home with fresh and healthy products, while empowering farmers.

Heritage Foods (India) operates three divisions namely Dairy, Retail and Agri. Presently, Heritage’s milk products have market presence in Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Maharastra and has retail stores across Bangalore, Chennai and Hyderabad.

Peers
Company Name CMP
Nestle India 1375.30
Varun Beverages 413.35
Britannia Industries 4981.95
LT Foods 429.90
Hatsun Agro Product 1281.00
View more..