Heritage Foods sees boost from value added products

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.