NSE: HERITGFOOD | BSE: 519552

Mid-range Performer

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475.15 10.10 (2.17%)

27.90% Fall from 52W High

331.9K NSE+BSE Volume

NSE 30 Jul, 2025 3:31 PM (IST)

4,409.2

Market Cap

High in industry

1.3

Beta 1Year

Very High Volatility

Heritage Foods Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for HERITGFOOD, BSE:519552 Heritage Foods Ltd.

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Heritage Foods Ltd.

20 Jul 2025

475.15

2.17%

VAP sales hit by early monsoon; long-term drivers remain intact

Hold: Heritage Foods Ltd.

Recommendation Target

ICICI Securities Limited

In spite of unseasonal rains, the company reported strong revenue growth of 10.1% YoY. EBITDA margin contracted to 6.5% in Q1FY26 vs 9.1% YoY due to revenue mix change partially led by early monsoon.

Heritage Foods Ltd. has an average target of 490.00 from 1 broker.

Heritage Foods Ltd.

19 Oct 2023

475.15

2.17%

i-Opener

Buy: Heritage Foods Ltd.

ICICI Securities Limited

Wipro’s IT Services revenue dipped 2.3% QoQ USD in Q2FY24. The slip was much steeper than our/consensus’ expectations of -0.5%. Revenue growth came in at the lower-end of Wipro’s guidance for Q2FY24.

Heritage Foods Ltd. is trading below its 30 day SMA of 476.8

Heritage Foods Ltd.

01 Aug 2023

475.15

2.17%

Muted volumes; margin expands with correction in input prices

Buy: Heritage Foods Ltd.

Target

ICICI Securities Limited

While Heritage reported YoY EBITDA margin expansion of 145bps, we note its EBITDA margin contracted sequentially. It indicates the impact of inflation in milk prices continued to impact Q1FY24 QoQ. However, we model milk prices to deflate in rest of FY24 with normal monsoon and commencement of flush season in Q3FY24.

Heritage Foods Ltd. is trading below its 30 day SMA of 476.8

Heritage Foods Ltd.

26 May 2023

475.15

2.17%

Cyclical recovery commences; We model improvement in profitability in FY24

Buy: Heritage Foods Ltd.

Target

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 below its 30 day SMA of 476.8

Heritage Foods Ltd.

23 Jan 2023

475.15

2.17%

Weak flush season impacts margins; Model recovery in FY24

Buy: Heritage Foods Ltd.

Target

ICICI Securities Limited

Milk procurement prices continue to remain high due to (1) steep increase in RM prices, (2) higher SMP prices and (3) muted flush season. We note delayed price hikes had impacted margins in H1FY23 and similar story continues in H2FY23. Heritage is likely to report lowest EBITDA margin of 4.5% in FY23 in past eight years in our view. We model the margins to recover only in FY24.

ICICI Securities Limited downgraded Heritage Foods Ltd. to Hold with a price target of 490.0 on 20 Jul, 2025.

Heritage Foods Ltd.

19 Oct 2022

475.15

2.17%

Revenue growth remains strong; margin recovers sequentially

Buy: Heritage Foods Ltd.

Target

ICICI Securities Limited

While 19% increase in milk procurement prices impacted EBITDA margin.

ICICI Securities Limited downgraded Heritage Foods Ltd. to Hold with a price target of 490.0 on 20 Jul, 2025.

Heritage Foods Ltd.

31 May 2022

475.15

2.17%

EBITDA margin impacted by rising milk procurement prices

Buy: Heritage Foods Ltd.

ICICI Securities Limited

Takeaways from Q4FY22 and the company's management call: (1) Revenue grew 12.4% YoY driven by strong volume growth in dairy segment, (2) gross margin declined 304bps YoY due to higher milk procurement prices but limited price hikes, and (3) steady launch of new products continued during the quarter. Steady value migration from co-operatives and unorganized players to private players is likely to benefit Heritage.