The acquisition strengthens Heritage Foods’ position in the rapidly expanding super-premium and healthy dessert categories.
Heritage Nutrivet, a subsidiary, delivered strong results with revenue of US$65.93 million (INR 581.00 crore) and PBT of US$6.12 million (INR 54.00 crore).
The growth was driven by a combination of strong procurement, resilient milk sales, and strategic product innovation.
The price hike aims to counter rising fuel and raw material expenses.