Heritage Foods Q2 FY27 consolidated revenue at Rs 1,319.58 cr

What the numbers show

• Net margin was 2.34% of revenue, down 224 bps from 4.58%.
• Total expenses rose 20.9% while revenue rose 18.6%.
• Cost of materials accounted for Rs 202.50 cr of the Rs 221.07 cr rise in total expenses (91%).
• Cost of materials took 72.0% of revenue, against 67.2% a year earlier.

• Basis: Consolidated statement of unaudited financial results for the quarter ended 30.09.2026, compared with quarter ended 30.09.2025 (statement of financial results).

• Revenue from operations (Q2 FY27): Rs 1,319.58 cr
Revenue from operations (Q2 FY26): Rs 1,112.52 cr

• Other income (Q2 FY27): Rs 3.37 cr
Other income (Q2 FY26): Rs 5.17 cr

• Total income (Q2 FY27): Rs 1,322.95 cr
Total income (Q2 FY26): Rs 1,117.68 cr

• Cost of materials consumed (Q2 FY27): Rs 950.51 cr
Cost of materials consumed (Q2 FY26): Rs 748.01 cr

• Purchases of stock-in-trade (Q2 FY27): Rs 32.61 cr
Purchases of stock-in-trade (Q2 FY26): Rs 24.77 cr

• Changes in inventories of finished goods, semi finished goods, stock-in-trade and work-in-progress (Q2 FY27): Rs 48.32 cr
Changes in inventories of finished goods, semi finished goods, stock-in-trade and work-in-progress (Q2 FY26): Rs 60.67 cr

• Employee benefits expenses (Q2 FY27): Rs 93.52 cr
Employee benefits expenses (Q2 FY26): Rs 88.96 cr

• Finance costs (Q2 FY27): Rs 7.26 cr
Finance costs (Q2 FY26): Rs 3.84 cr

• Depreciation and amortization expense (Q2 FY27): Rs 27.47 cr
Depreciation and amortization expense (Q2 FY26): Rs 20.11 cr

• Other expenses (Q2 FY27): Rs 120.65 cr
Other expenses (Q2 FY26): Rs 106.92 cr

• Total expenses (Q2 FY27): Rs 1,280.35 cr
Total expenses (Q2 FY26): Rs 1,059.28 cr

• Profit before share of loss of an associate and a joint venture (Q2 FY27): Rs 42.60 cr
Profit before share of loss of an associate and a joint venture (Q2 FY26): Rs 58.40 cr

• Share of loss of an associate and a joint venture (Q2 FY27): Rs -
Share of loss of an associate and a joint venture (Q2 FY26): Rs -

• Profit before tax before exceptional items (Q2 FY27): Rs 42.60 cr
Profit before tax before exceptional items (Q2 FY26): Rs 58.40 cr

• Exceptional items (Q2 FY27): Rs -
Exceptional items (Q2 FY26): Rs 9.36 cr

• Profit before tax (Q2 FY27): Rs 42.60 cr
Profit before tax (Q2 FY26): Rs 67.76 cr

• Current tax expense (Q2 FY27): Rs 10.40 cr
Current tax expense (Q2 FY26): Rs 15.34 cr

• Deferred tax expense (Q2 FY27): Rs 1.34 cr
Deferred tax expense (Q2 FY26): Rs 1.42 cr

• Profit for the period / year (PAT) (Q2 FY27): Rs 30.86 cr
Profit for the period / year (PAT) (Q2 FY26): Rs 51.00 cr

• Basic and diluted EPS (Q2 FY27): Rs 3.38
Basic and diluted EPS (Q2 FY26): Rs 5.50

Heritage Foods reported consolidated revenue from operations of Rs 1,319.58 cr for the quarter ended 30.09.2026, up from Rs 1,112.52 cr in the corresponding quarter of the previous year, according to the statement of financial results. Total income rose to Rs 1,322.95 cr from Rs 1,117.68 cr over the same period.

On the cost side, cost of materials consumed increased to Rs 950.51 cr from Rs 748.01 cr, while purchases of stock-in-trade moved to Rs 32.61 cr from Rs 24.77 cr. Employee benefits expenses rose to Rs 93.52 cr from Rs 88.96 cr, and finance costs increased to Rs 7.26 cr from Rs 3.84 cr. Depreciation and amortization expense was Rs 27.47 cr versus Rs 20.11 cr a year earlier. Other expenses were Rs 120.65 cr compared with Rs 106.92 cr. Total expenses consequently rose to Rs 1,280.35 cr from Rs 1,059.28 cr.

Profit before share of loss of an associate and a joint venture stood at Rs 42.60 cr, compared with Rs 58.40 cr in the year-ago quarter. There was no share of loss of an associate and a joint venture reported for either quarter in this line. Profit before tax before exceptional items was Rs 42.60 cr versus Rs 58.40 cr. Exceptional items were nil in Q2 FY27, compared with Rs 9.36 cr in Q2 FY26, taking profit before tax to Rs 42.60 cr against Rs 67.76 cr a year earlier.

After a current tax expense of Rs 10.40 cr (Rs 15.34 cr a year earlier) and deferred tax expense of Rs 1.34 cr (Rs 1.42 cr a year earlier), profit for the period / year (profit after tax) came in at Rs 30.86 cr, down from Rs 51.00 cr in the corresponding prior-year quarter. Basic and diluted earnings per equity share for the quarter were Rs 3.38, compared with Rs 5.50 in the same quarter last year, as per the statement of financial results.