Heritage Foods Limited has officially inaugurated its new greenfield ice cream manufacturing facility in Shamirpet, near Hyderabad, Telangana. The state-of-the-art facility represents a strategic investment to strengthen the company's position in the fast-growing ice cream segment and enhance its value-added dairy portfolio.

Production Capacity and Infrastructure

The new facility is equipped with modern automated production systems and advanced quality control infrastructure to ensure consistent product quality and operational efficiency. The plant features modern production lines, automated filling and packaging systems, and stringent quality assurance processes.

Business Impact and Growth Potential

Heritage Foods' ice cream business currently generates annual revenues of approximately ₹100 crore. The commissioning of the Shamirpet facility significantly enhances the company's ability to scale operations up to five times the current level over the next seven to eight years in the ice cream category.

Strategic Advantages

The facility reinforces Heritage's focus on high-margin value-added dairy products, particularly ice cream and desserts, which are witnessing strong consumer demand across urban and semi-urban markets. The new plant will support the company's expanding distribution network across South and Western India, enabling faster supply and improved serviceability.

Management Perspective

Commenting on the inauguration, Mrs. N Bhuvaneswari, Vice-Chairperson & Managing Director from Heritage Foods Limited said: "The commissioning of our Shamirpet ice cream manufacturing facility marks an important milestone in Heritage Foods' growth journey. As consumer demand for high-quality ice creams continues to expand, this facility will enable us to scale our operations, introduce innovative products, and strengthen our presence in key markets while maintaining the quality and trust associated with the Heritage brand."

The development positions Heritage Foods to capitalize on India's ice cream market growth, driven by rising disposable incomes, premiumisation trends, and increasing consumption of packaged dairy products.

Heritage foods Limited has received a significant credit rating upgrade from CRISIL Ratings Limited, with the long-term rating improved to CRISIL AA-/Stable from A+/Positive. The rating action was communicated through a certificate dated March 6, 2026, marking a positive development in the company's creditworthiness assessment.

Rating Enhancement Details

The credit rating upgrade encompasses enhanced banking facilities with increased financial capacity. CRISIL has also reaffirmed the company's short-term rating while expanding the scope of rated facilities.

Banking Facility Distribution

The rated facilities are distributed across multiple leading banks, demonstrating the company's diversified banking relationships. The facilities include various types of credit arrangements to support operational and growth requirements.

Major Banking Partners and Facilities

HDFC Bank Limited:

• Cash Credit: Rs 35 crores (CRISIL AA-/Stable)
• Long Term Loans: Rs 134 crores (CRISIL AA-/Stable)
• Letter of Credit & Bank Guarantee: Rs 3.9 crores (CRISIL A1+)

ICICI Bank Limited:

• Cash Credit: Rs 50 crores (CRISIL AA-/Stable)
• Long Term Loans: Rs 162 crores (CRISIL AA-/Stable)

Kotak Mahindra Bank Limited:

• Cash Credit: Rs 10 crores (CRISIL AA-/Stable)
• Long Term Loans: Rs 131 crores (CRISIL AA-/Stable)
• Bank Guarantee: Rs 3.6 crores (CRISIL A1+)

Bank of Baroda:

• Cash Credit: Rs 50 crores (CRISIL AA-/Stable)
• Long Term Loan: Rs 69 crores (CRISIL AA-/Stable)
• Letter of Credit & Bank Guarantee: Rs 5 crores (CRISIL A1+)

Regulatory Compliance and Disclosure

The company has fulfilled its regulatory obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by informing both BSE Limited and National Stock Exchange of India Limited about the rating upgrade. The information has been made available on the company's website at www.heritagefoods.in in compliance with disclosure requirements.

The rating certificate remains valid until March 31, 2026, and CRISIL Ratings will continue surveillance of the assigned ratings. The rating upgrade reflects CRISIL's assessment of the company's improved creditworthiness and financial stability, providing enhanced access to banking facilities for operational and strategic requirements.