Heritage Foods Q3 FY26 Results: Net Profit Falls 19.8% YoY, But Revenue Rises 8.2%

Heritage Foods Ltd, a leading FMCG and dairy products company, reported a mixed set of financial results for Q3 FY26, with profitability declining on a year-on-year

Heritage Foods Q3 FY26 Financial Performance

For the quarter ended December 2025, heritage foods q3 fy26 results showed a 19.8% year-on-year decline in net profit, which fell to Rs. 34.5 crore compared with Rs. 43 crore in the same period last year.. Revenue from operations rose 8.2% YoY to Rs. 1,119.1 crore, up from Rs. 1,034 crore in Q3 FY25, driven by higher volumes and stable demand across key dairy categories.

EBITDA and Margin Pressure Continues

EBITDA for the quarter declined 15% YoY to Rs. 63 crore, compared with Rs. 74 crore in the year-ago period. Consequently, EBITDA margin contracted sharply to 5.6%, down from 7.2% in Q3 FY25, The company also reported higher inventory levels, which rose to around Rs. 97 crore, impacting working capital efficiency.

Sequential Improvement Offers Relief

On a quarter-on-quarter basis, the numbers paint a more encouraging picture. Revenue increased 6.8% QoQ from Rs. 1,048 crore in Q2 FY26, while EBITDA rose approximately 8.6% QoQ. Net profit jumped 27.8% QoQ, recovering from about Rs. 27 crore in the previous quarter.

EBITDA margin improved marginally by 10 basis points QoQ to 5.6%, suggesting better cost control and early benefits from volume recovery.

"Consumer dairy business, excluding bulk-fat sales grew at 13% Y-o-Y, led by Value added products with a strong growth of 13.8%. Value-added products including Consumer fats, like Ghee and butter, grew at an impressive 22.6%, reaching a contribution of 38.4% of overall revenues. B2B bulk fats business de-grew 98% YoY in the quarter." the company said in the press release.

Heritage Foods Share Price Today

On Wednesday, heritage foods share price closed at Rs. 396.85, down Rs. 2.40 or 0.60% for the day. The stock has declined 4.58% over the past five days and is down nearly 11% in the past one month, reflecting investor caution amid weak YoY profitability.