CM Chandrababu Naidu's wife-backed FMCG company sets growth milestones with record revenue and vision 2030 strategy!

On Monday, the Indian stock market was in green with the Sensex & the Nifty-50 indices up over 0.5 per cent each. Though the market was in green, one stock from the FMCG sector plunged 1.64 per cent to Rs 484.60 per share. The stock’s 52-week high is Rs 658 per share and its 52-week low is Rs 355.55 per share.

The FMCG stock name is backed by CM Chandrababu Naidu's wife, Bhuvaneswari Nara is Heritage Foods Ltd. CM Chandrababu Naidu's wife, Bhuvaneswari Nara holds 2,26,11,525 shares or 24.37 per cent stake in the company as of June 2025.

About the Company

Heritage Foods Ltd, established in 1992, is a prominent player in India's dairy sector, particularly dominant in South India. The company boasts an impressive capacity to process 2.78 million litres of milk daily, offering a diverse range of over 418 distinct dairy products. These products are distributed through a robust network of distributors, exclusive Heritage distribution centres and Heritage parlours, ensuring wide market reach. Beyond its core dairy operations, Heritage Foods Ltd has diversified into renewable energy and animal feed production, showcasing a broader business strategy. As the flagship company of the Hyderabad-based Heritage group, founded by Mr. Nara Chandra Babu Naidu, Heritage Foods Ltd is a well-integrated entity with a strong presence in multiple segments.

Heritage Foods Limited reported its highest-ever quarterly revenue in Q1 FY26, reaching Rs 1,136.8 crore, marking a third consecutive quarter of double-digit revenue growth. Despite challenging weather conditions, the company's value-added products (VAPs) contributed over Rs 454 crore, accounting for more than 40 per cent of the topline and growing 7.4 per cent year-on-year. Milk procurement increased 10 per cent year-on-year to 17.8 lakh litres per day from over 3 lakh farmers across 9,000+ villages, while milk sales grew 2.8 per cent. The company also reported an EBITDA of Rs 73.9 crore and a PAT of Rs 40.5 crore, and increased its stake in Heritage Novandie Foods Private Ltd (HNFPL) to 94.4 per cent.

Looking ahead, Heritage Foods is focusing on its Vision 2030, with a new greenfield ice cream plant expected to be operational by the end of CY2025. Its animal nutrition subsidiary, Heritage Nutrivet Ltd, achieved a 26 per cent year-on-year revenue growth and a 130 per cent jump in PBT in Q1 FY26. The company plans to grow its yoghurt business to 2 tons/day within a year and 10 tons/day over three years, aiming for a sub-20-day working capital cycle and improved margins. The company, celebrating 34 years, has strong consumer loyalty of 19 per cent in key markets and is well-positioned for sustainable long-term growth.

The company has a market cap of over Rs 4,400 crore with a PE of 26x, an ROE of 20 per cent and an ROCE of 25 per cent. The stock is up by 36.3 per cent from its 52-week low of Rs 355.55 per share.

Disclaimer: The article is for informational purposes only and not investment advice.