Heritage Foods soars on setting revenue target of Rs 6,000 crore by 2024

Mumbai : Heritage Foods is currently trading at Rs 412.00, up by 4.50 points or 1.46% from its previous closing of Rs. 404.50 on the BSE. The scrip opened at Rs. 403.05 and has touched a high and low of Rs. 412.75 and Rs. 403.05 respectively. So far 1338 shares were traded on the counter. The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 667.00 on 22-Jun-2018 and a 52 week low of Rs. 388.00 on 03-Jun-2019.

Last one week high and low of the scrip stood at Rs. 416.00 and Rs. 396.85 respectively. The current market cap of the company is Rs. 1897.91 crore. The promoters holding in the company stood at 39.90%, while Institutions and Non-Institutions held 17.57% and 42.53% respectively. Heritage Foods has set a revenue target of Rs 6,000-crore by year 2024 as against year 2022 envisaged earlier. For the financial year 2019 on a consolidated basis, the net turnover of the company grew by 6 percent to Rs 2,515 crore compared to last year.

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.