Heritage Foods , a leading Indian dairy company, has announced significant price reductions across its product portfolio, passing on the full benefits of the Government of India's recent GST rationalization to consumers. The price cuts, set to take effect from September 22, 2025, come just in time for the festive season, making dairy products more affordable for families across India.

Price Reductions Across Product Lines

Heritage Foods has implemented the following price cuts:

It's worth noting that there is no price change for fresh milk, as this category was already exempt from GST.

Expanding Accessibility

Brahmani Nara, Executive Director of Heritage Foods, emphasized the significance of this move: "The GST rate rationalization for India's dairy industry is both timely and a welcome move. By easing the tax burden on staples like paneer, ghee, butter, and cheese, the Government has made it possible for us to pass on the entire benefit of GST rate rationalization to our consumers."

The company aims to make its high-quality dairy products more accessible to families across India, including those in Tier 2 and Tier 3 cities. This initiative is expected to stimulate significant incremental demand during the festive season, reinforcing Heritage Foods' market leadership while delighting consumers.

Impact on Festive Celebrations

With dairy products playing a central role in traditional recipes across regions, these price reductions are set to make festive celebrations more enjoyable and accessible. Heritage Foods continues to ensure product availability through both retail and online channels, reaching consumers quickly and efficiently.

Company Background

Heritage Foods, founded in 1992, operates across 17 states in India. The company is known for its farm-to-home approach and works closely with a network of dairy farmers. It employs over 500 quality experts who perform more than 25 daily quality tests to ensure the highest standards of product quality and freshness.

By combining accessibility, affordability, and quality, Heritage Foods' latest move promises to bring added joy, warmth, and inclusivity to festive celebrations across the country while reinforcing its commitment to providing value to consumers and strengthening the role of dairy in Indian traditions.

Heritage Foods Limited, a leading dairy company, has reported its highest ever quarterly revenue of ₹1,137.00 crores in Q1, marking the third consecutive quarter of double-digit revenue growth. The company achieved this milestone despite facing weather-related challenges, including an erratic monsoon and unseasonably cool summer across its core markets.

Financial Performance

The company's Q1 performance highlights include:

Operational Highlights

• Milk procurement increased by 10% year-on-year to 17.80 lakh liters per day from over 300,000 farmers across 9,000+ villages
• Value-added products revenue reached ₹454.00 crores, growing 7.40% year-on-year
• Value-added products contributed over 40% to the total revenue

Weather Impact and Recovery

Heritage Foods faced temporary impacts on demand for value-added products like curd, buttermilk, flavored milk, and ice cream due to erratic monsoon and unseasonably cool summer. However, the company reported a clear recovery in June, with volumes rebounding across most categories.

Strategic Developments

1. Increased stake in Heritage Novandie Foods: Heritage Foods acquired an additional 44.40% stake, increasing its holding to 94.40%.
2. Heritage Nutrivet subsidiary performance: Reported 26% revenue growth to ₹53.30 crores and 130% surge in profit before tax to ₹6.70 crores.
3. Launch of Heritage Livo: Introduced a new sub-brand for high-energy nutritious products, including high-protein yogurts.

Supreme Court Dismisses GST Department's SLP

In a significant development, the Supreme Court of India has dismissed the Special Leave Petition (SLP) filed by the Goods and Services Tax (GST) Department of the State of Andhra Pradesh. This ruling pertains to the classification of Flavoured Milk under GST tariffs.

Key points from the Supreme Court order:

• Flavoured Milk is now conclusively classifiable under tariff heading 04029990, attracting 5% GST, instead of 12% under heading 22029990.
• The order is applicable from July 1, 2017, to October 31, 2021.
• Heritage Foods is now entitled to claim a refund of GST paid under protest, amounting to ₹4.53 crores.

Management Outlook

The management expects normalization in coming quarters as volume-led operating leverage kicks in, with business recovery already visible in June. The company remains focused on its Vision 2030 roadmap, anchored on four strategic pillars: premiumization, digitalization, sustainability, and people-first governance.

Mrs. N. Brahmani, Executive Director of Heritage Foods, commented on the recent developments, "We've successfully repurposed the Heritage Novandie Foods business, with our new sub-brand Livo already showing encouraging offtake in MRF channels and e-commerce platforms."

As Heritage Foods enters its 34th year of operations, the company remains committed to purpose-led growth built on farmer empowerment, strong corporate governance, and innovation.