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Heritage Foods Ltd is seeking to increase its business from value added products to 40 per cent from the current 24 per cent.
It has charted out a strategy to achieve a turnover of ₹6,000 crore by 2022. The company recently announced a strategic tie-up with French dairy company Novandie for value added products and a proposal to set up a new unit through the venture.
Heritage, founded by Andhra Pradesh Chief Minister N Chandrababu Naidu, organised its silver jubilee celebrations recently.
For Q1 FY17, the company reported a 32 per cent increase in revenue and attributed it to rebranding and acquisition of the Reliance Dairy business.
With a bigger market presence, Heritage Foods has emerged a national player after its entry into western markets, it said.
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