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Dairy company Heritage Foods Ltd has posted a profit of ₹26 crore for the third quarter ended December 31, 2020, up 122% as against ₹11.71 crore in Q3FY20.
Revenue from operations was at ₹604.92 crore as compared to ₹672.42 crore in Q3FY20.
The company profit was up at ₹123.91 crore for the nine months ended December 2020 compared to ₹40.49 crore in 9MFY20, registering an increase of 206%.
Revenue from operations was lower at ₹1,853.75 crore as compared to ₹2,073.26 crore in 9MFY20.
Brahmani Nara, Executive Director, in a statement said, “We are delighted to report a good set of numbers during the quarter. We have strengthened our valued-added products basket by launching probiotic curd and Ashwagandha Milk loaded with Ayurveda properties. Total cash flows from the sale of a stake in Future Retail would be used to reduce the debt and further strengthen our marketing efforts.”
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