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Hyderabad Feb. 2 Heritage Foods (India) Ltd has registered a lower net profit of Rs 2.48 crore during the third quarter ended December 31, 2006, against Rs 3.82 crore in the same quarter last year.

Mr V. Nagaraja Naidu, Managing Director, said the profitability of the dairy operations was affected due to unprecedented increase in the cost of raw material.

The company recorded a total income of Rs 80.95 crore against Rs 73.28 crore.

For the nine-month period, the company clocked a total income of Rs 254.76 crore (Rs 220.71 crore). The net profit was put at Rs 6.25 crore (Rs 10.18 crore).

Retail operations of the company, which began in November last, contributed Rs 41 lakh to sales. The company invested Rs 20.64 crore on the retail initiative so far.

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