Heritage Foods Limited

rs,

To The Secretary BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 To The Manager, Listing Department, National Stock Exchange of

7%

cial Highlights Q4 & FY26: Overview Q4 FY26 Procurement volumes dropped marginally to 1.64 MLPD (7% lower YoY) and Procurement prices increased to Rs 46.67/L (8% higher YoY). Q4 FY26 Milk Sales vol

Rs 46.67

urement volumes dropped marginally to 1.64 MLPD (7% lower YoY) and Procurement prices increased to Rs 46.67/L (8% higher YoY). Q4 FY26 Milk Sales volumes peaked to 1.17 million liters per day (MLPD) up 1.2%

8%

mes dropped marginally to 1.64 MLPD (7% lower YoY) and Procurement prices increased to Rs 46.67/L (8% higher YoY). Q4 FY26 Milk Sales volumes peaked to 1.17 million liters per day (MLPD) up 1.2% YoY,

1.17 million

d Procurement prices increased to Rs 46.67/L (8% higher YoY). Q4 FY26 Milk Sales volumes peaked to 1.17 million liters per day (MLPD) up 1.2% YoY, The average selling price increased to ₹57.80/L from ₹55.6/L la

1.2%

6.67/L (8% higher YoY). Q4 FY26 Milk Sales volumes peaked to 1.17 million liters per day (MLPD) up 1.2% YoY, The average selling price increased to ₹57.80/L from ₹55.6/L last year, reflecting stable ma

₹57.80

s peaked to 1.17 million liters per day (MLPD) up 1.2% YoY, The average selling price increased to ₹57.80/L from ₹55.6/L last year, reflecting stable market positioning and pricing strength. Value-Added

₹55.6

17 million liters per day (MLPD) up 1.2% YoY, The average selling price increased to ₹57.80/L from ₹55.6/L last year, reflecting stable market positioning and pricing strength. Value-Added Products (VAP

18%

g stable market positioning and pricing strength. Value-Added Products (VAP) segment, achieving a 18% increase in revenues, reaching Rs. 3,957 million in Q4FY26. Contribution of VAP to total revenue i

Rs. 3,957 million

cing strength. Value-Added Products (VAP) segment, achieving a 18% increase in revenues, reaching Rs. 3,957 million in Q4FY26. Contribution of VAP to total revenue improved by 3% YoY to 35.51% from 32.49% in Q4FY26

3%

revenues, reaching Rs. 3,957 million in Q4FY26. Contribution of VAP to total revenue improved by 3% YoY to 35.51% from 32.49% in Q4FY26 When including consumer packs of Ghee and Butter, VAP revenue

35.51%

reaching Rs. 3,957 million in Q4FY26. Contribution of VAP to total revenue improved by 3% YoY to 35.51% from 32.49% in Q4FY26 When including consumer packs of Ghee and Butter, VAP revenue reached Rs. 4,

“Consumer Fats to Revenue Higher Gross Margins (Consolidated) 40% 30% 23% 18% FY20 FY26 FY28E FY20 FY26 FY28E”

“Industry Growth potential (By Category) : • Urbanisation • Unorganised to Organised shift in the sector • Higher disposable income Category ICE CREAM CURD PANEER GHEE Organised Market Share CAGR (next 7 years) 40% 14% 4% 18-19% 18-20% 21-23% 23-25% 9-12% 27 From Commoditized to Customized - Shaping unique experiences in a world of sameness Truly Good Sweets Bring home the taste of tradition, every time SARVAGUNA Milk - the all - rounder your kitchen can count on.”

“PERCENTAGE OF DIVIDEND OF FACE VALUE 100% 100% 30% 30% 40% 40% 40% 50% 50% 50% 50% 50% FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 32 Srideep Kesavan CEO At Heritage, we transcend the identity of a dairy company, embodying the essence of a progressive FMCG brand.”

Crafting cold delights

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INDICATORS

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Factors Driving VAP growth

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Investor Relations Contact

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Crafting cold delights

Ice Cream Plant Taking shape at Shamirpet, Hyderabad Ice Cream Revenue (INR Crore) 500+ FY30 106 FY26 State of the Art Manufacturing Facility Commercial production started 24 million litres annual capacity Highest Standards of Quality, Safety & Hygiene 9 Consolidated Financial Performance Particulars (INR Mn) Q4FY26 Q3FY26 Q4FY25 Y-o-Y (%) FY26 FY25 Y-o-Y (%) Revenue from Operations Expenses EBITDA EBITDA Margins (%) Depreciation Finance Cost Other Income Share of Profit/(Loss) of an associate & Joint Venture Exceptional Item Profit Before Tax Tax Profit After Tax PAT Margins (%) Other Comprehensive Income Total Comprehensive Income EPS Diluted (INR) 11,576 11,053 522 4.5% 218 53 60 - 8 320 80 239 2.1% 7 247 2.6 11,192 10,562 629 5.6% 204 39 78 - - 464 118 346 3.1% 1 347 3.7 10,485 9,686 799 7.6% 178 42 65 (15) 87 542 160 382 3.6% (5) 377 4.1 10.4% 14.1% (34.6) % (311) Bps 22.1% 27.1% (7.5) % (41.0) % (49.9) % (37.3) % (157) Bps (34.6) % (36.5) % 45,260 42,598 2,663 5.9% 810 172 242 (1

INDICATORS

• Milk and Milk Products Sales - 13 States • Milk Procurement - 9 States Sangvi Manor Karnataka Vadamadurai Telangana Kalluru Yadavanahalli Narket pally Sindhanur Haryana Shamirpet Rai Uppal Pammaru Bayyavaram Bobbili B. Kothakota Gokul 26 VAP portfolio to Improve Margins Higher Contribution of VAP Incl. Consumer Fats to Revenue Higher Gross Margins (Consolidated) 40% 30% 23% 18% FY20 FY26 FY28E FY20 FY26 FY28E

Factors Driving VAP growth

Industry Growth potential (By Category) : • Urbanisation • Unorganised to Organised shift in the sector • Higher disposable income Category ICE CREAM CURD PANEER GHEE Organised Market Share CAGR (next 7 years) 40% 14% 4% 18-19% 18-20% 21-23% 23-25% 9-12% 27 From Commoditized to Customized - Shaping unique experiences in a world of sameness Truly Good Sweets Bring home the taste of tradition, every time SARVAGUNA Milk - the all - rounder your kitchen can count on. Livo Drinkables – Sip Pure. Live More. Truly Good Gawa ghee – Bengal’s own rich, aromatic brown ghee. Total Curd – Full of Goodness, Packed with Taste. 28 Digitally Enabled Operations DMS Customer Live Application helps streamline sales and costs attributable while creating a responsible and accountable support environment at Heritage DIGIT Centre Distributor Management System helps streamlining the primary and secondary sales process from Agent level up to the counter sales level in an authentic manner Heritage VET+ is a one-

Investor Relations Contact

Garima Singla Go India Advisors Sheetal Khanduja Go India Advisors Mail id : garima@goindiaadvisors.com M : +91 9780042377 Mail id : sheetal@goindiaadvisors.com M : +91 9769364166