Heritage Foods Limited has announced its financial results for the second quarter, revealing a mixed performance with increased profit but lower EBITDA.

Profit Growth

The company reported a consolidated net profit of ₹511.00 million for Q2, up from ₹490.00 million in the same quarter last year, marking a 4.29% increase. This growth in profit comes despite challenging market conditions and increased operational costs.

EBITDA and Margin Compression

However, Heritage Foods experienced a decline in its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). The EBITDA for Q2 stood at ₹771.00 million, down from ₹832.00 million in the corresponding quarter of the previous year, representing a 7.33% decrease.

The EBITDA margin also saw compression, dropping to 6.94% compared to 8.16% in the previous year's Q2. This margin contraction indicates increased pressure on the company's operational efficiency.

Revenue and Operational Highlights

While specific revenue figures for Q2 were not provided, the company's performance suggests a focus on maintaining profitability despite potential challenges in the operating environment.

Segment Performance

Heritage Foods operates primarily in the dairy segment, which continues to be the main contributor to its financial results. The company also has presence in renewable energy and feed segments, though their contributions are relatively smaller.

Management Commentary

N. Bhuvaneswari, Vice Chairperson and Managing Director of Heritage Foods, approved the financial results at the board meeting held on October 15. The management's focus appears to be on navigating the challenging market conditions while maintaining profitability.

Outlook

The mixed results indicate that Heritage Foods is managing to grow its bottom line despite pressures on operational metrics. The company's ability to increase profit in the face of EBITDA decline suggests effective cost management and potentially favorable product mix strategies.

Investors and analysts will likely be watching closely to see how Heritage Foods addresses the EBITDA decline and margin compression in the coming quarters, while maintaining its profit growth trajectory.

Note: All figures are in Indian Rupees (₹) and comparisons are made to the same quarter of the previous fiscal year unless otherwise stated.

Heritage Foods Limited, a prominent player in the Indian food industry, has announced a significant addition to its leadership team. The company has appointed Mr. Amit Vijay Shetty as its new Chief Human Resources Officer (CHRO), effective October 1, 2025. This strategic move aims to strengthen Heritage Foods' human resources function and align it with the company's overall business objectives.

Role and Responsibilities

As the CHRO, Mr. Shetty will spearhead Heritage Foods' human resources department, taking on a wide array of responsibilities crucial for the company's growth and employee development. His key focus areas will include:

• Strategic talent management
• Leadership development
• Organizational culture enhancement
• Employee engagement initiatives
• Performance management systems
• Diversity and inclusion programs

Professional Background

Mr. Shetty brings a wealth of experience to his new role at Heritage Foods:

• Over 16 years of diverse HR experience across multiple sectors, including FMCG, manufacturing, chemical, and cement industries
• Strong academic credentials:
  • Masters in Management Studies (MMS) with a specialization in Human Resources Management
  • Bachelor of Engineering (B.E.) in Instrumentation
  • Both degrees from Mumbai University
• Expertise in leadership development, talent management, learning & development, and HR business partnering

Notable Achievements

Throughout his career, Mr. Shetty has demonstrated a track record of impactful HR initiatives:

• Led leadership programs and capability-building workshops
• Spearheaded workforce development initiatives
• Implemented projects to enhance managerial competencies and improve shop-floor efficiency
• Championed initiatives to increase women's representation in factories
• Introduced innovative engagement platforms for workforce efficiency
• Managed graduate trainee recruitment in global markets

Alignment with Business Objectives

Heritage Foods' decision to bring Mr. Shetty on board underscores the company's commitment to aligning its human capital strategies with its business goals. His appointment is expected to drive HR excellence and contribute to the organization's growth and transformation.

The company has confirmed that Mr. Amit Vijay Shetty is not related to any director of Heritage Foods Limited, ensuring compliance with corporate governance norms.

As Heritage Foods continues to evolve in the competitive food industry landscape, the addition of Mr. Shetty to its leadership team signals the company's focus on nurturing talent and creating a robust organizational culture to support its business ambitions.