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    Heritage Foods: What lies ahead after a soft quarter?

    Higher contribution from value-added products and operating leverage along with price hikes will lead to recovery in earnings

    Nandish Shah
    January 27, 2023 / 10:16 AM IST
    Heritage Foods: What lies ahead after a soft quarter?

    The December 2022 quarter results of Heritage Foods were below expectations.

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    Highlights Higher raw milk prices impacted the performance Value-added products saw higher growth The March 23 quarter performance also likely to be impacted Investors with a longer-term view can add and accumulate on declines The December ’22 quarter results of Heritage Foods (HFL; CMP: Rs171) were below expectations. Companies in the dairy segment continued to remain impacted by higher raw milk prices. Value-added products contributed around 29 percent to the revenues for the 9-month period ended December ’22 against 40 percent targeted for the...

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