Heritage Foods Ltd.

NSE: HERITGFOOD | BSE: 519552 | ISIN: INE978A01027 | Industry: Packaged Foods
| Value Stock, Under Radar

403.90
3.38%
ICICI Securities Limited
Heritage reported EBITDA margin expansion of 60bps led by lower other expenditure (lower ad-spend in our view) and operating leverage. We model EBITDA margin recovery to continue even in FY24 with likely correction in milk procurement prices.
Heritage Foods Ltd. is trading at high day volume of 900.6K.
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