# Heritage Foods share price today (Heritage Foods Ltd, NSE: HERITGFOOD)

> Heritage Foods share price today: ₹370.00 at the NSE close on 3 November 2026, down 23.2% in a year. Heritage Foods (NSE: HERITGFOOD) is worth ₹3,437 crore, trades at a P/E of 30.2 and has closed between ₹304.30 and ₹482.70 over the past 52 weeks. > Heritage Foods Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. HERITGFOOD · FMCG - Dairy Products · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/heritage-foods-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹370.00 (−23.2% in a year)
- P/E: 30.2× (higher than 70% of the last 11 years)
- Revenue (Sep 2026): ₹1,320 Cr (+18.6% on a year ago)
- Profit (Sep 2026): ₹31.0 Cr (−39.2% on a year ago)
- Operating margin: 6.0% (−1.0 points on a year ago)
- ROCE: 15%, FY26
- ROIC: 9.5%, against a 12.0% cost of capital: −2.5 points

The main question: domestic institutions moved +2.4 percentage points over 8 quarters while the business went the other way. ## What is the Heritage Foods share price today? Heritage Foods Ltd's share price was ₹370.00 at the close on 3 November 2026. It has been rising for 5 weeks. That is 1.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹304 and ₹483, and at that close it sat 37% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 14 weeks in a row. Over the last 11 years the share price moved +182% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Heritage Foods this quarter? 1. Foreign funds (FIIs) cut their stake for 8 quarters in a row From 8.3% to 1.7% of the company by the September 2026 quarter. 2. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) In the September 2026 quarter revenue was ₹1,320 crore, +18.6% on a year earlier. Why: Revenue rose because the company sold much more of its higher-priced products such as curd, lassi, buttermilk, ice cream and paneer. Next results: check whether the September and October price rises lift revenue enough to keep the streak going. From the earnings call on 16 Oct 2026. ## What are Heritage Foods' latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Heritage Foods reported revenue of ₹1,320 crore, up 18.6% from ₹1,113 crore a year earlier, and a profit of ₹31.0 crore, down 39.2% from ₹51.0 crore. ### Heritage Foods results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,320 crore | ₹1,113 crore | +18.6% |
| Profit | ₹31.0 crore | ₹51.0 crore | −39.2% |
| Earnings per share | ₹3.33 | ₹5.50 | −39.5% |
| Operating margin | 6.0% | 7.0% | −1.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Heritage Foods' management discussed these results on a call held on 16 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Heritage Foods share price history? Heritage Foods closed at ₹370.00 on 3 November 2026, down 23.2% from ₹481.95 a year earlier (31 October 2025) and up 37.2% over five years. Its highest weekly close since March 2016 was ₹661.25 on 7 June 2024. ### Heritage Foods share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹348.85 | +6.1% |
| 1 month ago · 1 Oct 2026 | ₹401.75 | −7.9% |
| 6 months ago · 30 Apr 2026 | ₹358.15 | +3.3% |
| 1 year ago · 31 Oct 2025 | ₹481.95 | −23.2% |
| 3 years ago · 3 Nov 2023 | ₹226.90 | +63.1% |
| 5 years ago · 4 Nov 2021 | ₹269.61 | +37.2% |
| 10 years ago · 4 Nov 2016 | ₹204.06 | +81.3% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹131.24 | +181.9% |
| Highest weekly close since March 2016 · 7 Jun 2024 | ₹661.25 | −44.0% |
| Lowest weekly close since March 2016 · 20 Mar 2020 | ₹92.27 | +301.0% |
| 52-week high (weekly close) · 28 Nov 2025 | ₹482.70 | −23.3% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹304.30 | +21.6% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Heritage Foods? 3 Nov 2026: Heritage Foods closed at ₹370.00, up 6.1% on the week and down 7.9% on the month. 16 Oct 2026: Heritage Foods held its results call for July to September 2026. Management guided: Own ice-cream revenue vision ₹500 crore in 6-7 years excluding Get-A-Way. ### Earlier

- Results for July to September 2026: Revenue up 18.6% and profit down 39.2% on a year earlier. - 15 Jul 2026: ex-date for a dividend of ₹2.50 a share. ## What dividend does Heritage Foods pay? Heritage Foods paid ₹2.50 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.68% at the ₹370.00 close on 3 November 2026. The last was a dividend of ₹2.50 a share, ex-date 15 July 2026. ### Heritage Foods dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 15 Jul 2026 | ₹2.50 | Dividend | same day |
| 23 Jul 2025 | ₹2.50 | Dividend | same day |
| 13 Aug 2024 | ₹2.50 | Dividend | n/a |
| 14 Aug 2023 | ₹2.50 | Dividend | n/a |
| 21 Jul 2022 | ₹2.50 | Dividend | n/a |
| 1 Nov 2021 | ₹2.50 | Interim | 2 Nov 2021 |
| 22 Jul 2021 | ₹5 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Heritage Foods Ltd paid out 15% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years. One of those years shows a negative figure because profit itself was negative. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Heritage Foods management say on the latest results call? On the call for July to September 2026, held on 16 October 2026, Heritage Foods' management guided: Own ice-cream revenue vision ₹500 crore in 6-7 years excluding Get-A-Way. > “If procurement prices go up, we will again increase consumer prices. We do not have an option.”
> Srideep Kesavan, on the call for July to September 2026

### What management guided

- Own ice-cream approaching ₹170-180 crore this year versus prior base. - Q3 procurement on a year earlier pressure to persist near Q2 trend before flush improvement. - Flush-led procurement cooling hoped post-Diwali in rain-fed regions. - September hike spill plus higher October consumer prices to support Q3 realisation. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/2150/Conference Call/CC-Oct26.pdf). (From the call for July to September 2026, 16 October 2026.)

## What to watch in Heritage Foods' next results? When Heritage Foods reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Procurement cost through flush post-Diwali versus flagged Q2 level - check for cooling, stabilization or further rise. - What to check (from the call)
- Procurement cost through flush post-Diwali versus flagged Q2 level - check for cooling, stabilization or further rise. - Consumer price catch-up from September spill and October levels - check Q3 realisation versus flagged weighted increase. - Ghee festive volume surge and curd scale beyond flagged milestones - check Q3 seasonal lift and premium share. - Nutrivet margin carry from late-quarter hikes into H2 - check profit before tax strengthening versus Q2 print. ## Which stock lists is Heritage Foods on? Heritage Foods is on one of our India lists: Breakout stocks. [Breakout stocks Breakout date: 16 October 2026](https://www.sectoralpha.in/breakout-stocks-india)

## Is Heritage Foods profitable? Heritage Foods Ltd earned ₹31.0 Cr of net profit in the Sep 2026 quarter, −39.2% on the same quarter a year earlier. Full-year FY26 profit was ₹150 Cr. Over 10 years profit has grown 10.6% a year on average. That is 2.3% of the quarter's revenue. The same quarter a year earlier earned ₹51.0 Cr. For the full year, FY26 profit was ₹150 Cr (−20.2% on the year before). Why profit moved: revenue changed +18.6% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed −33.4% and revenue +13.8%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Heritage Foods make, and is it growing? Heritage Foods Ltd reported ₹1,320 Cr of revenue in the Sep 2026 quarter, +18.6% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 6.6% a year on average. The last full year, FY26, came in at ₹4,526 Cr. The last four reported quarters add to ₹4,935 Cr. FY26 revenue was ₹4,526 Cr, +9.5% on the year before. Recent pace: the last four quarters grew +13.8% on average, against 6.6% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +13.9%, against +11.8% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −33.5%, against −18.7% a year (rolling over). ## How much of every ₹100 of sales does Heritage Foods keep? Heritage Foods Ltd's operating margin was 6.0% in the Sep 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between −14.0% and 11.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −1.3 percentage points on the year while gross margin changed −2.7 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Heritage Foods' profit turning into cash? Over the last 3 years, 189% of Heritage Foods Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹237 Cr of operating cash against ₹150 Cr of profit. After ₹479 Cr of spending on assets, free cash was −₹242 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 189% of profit came in as cash: the cash cycle got 17 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: the bigger use of cash is spending on new assets, at 3.7× depreciation over three years. The next section checks what that spending is building. ## Where does Heritage Foods' cash go? Heritage Foods Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 18 days in FY26, down from 35 days in FY21. It spent ₹784 Cr on assets over the last 3 years. Customers take 6 days to pay, and stock sits for 35 days on average. At FY26 sales of ₹4,526 Cr, each day of that cycle ties up about ₹12.4 Cr, so roughly ₹223 Cr is tied up in the business at any time. FY26: customers took 6 days to pay and stock sat for 35 days, about 1.2 months of sales sitting as stock, for a full cycle of 18 days, shorter than FY21's 35. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 35 days. Customers pay about 6 days after that. Suppliers are paid at 23 days. Together that makes the 18-day cycle. Spending on assets: ₹784 Cr over the last 3 years, against ₹212 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹50.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Heritage Foods' P/E ratio, and how does it compare with its own history? Heritage Foods Ltd's P/E is 30.2×, near the high end of its own history: higher than 70% of past readings. Its usual P/E (the middle reading) is 24.4×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −20.3% while the price moved −23.2%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +6.5% a year; about −1.1% a year came from earnings growth and about +7.6 percentage points from the multiple (the market paying more); over 10 years the price moved +6.1% a year; about +5.9% a year came from earnings growth and about +0.2 percentage points from the multiple (roughly no change). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Heritage Foods business getting better or worse? Heritage Foods Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −33.5% in the latest quarter, against +145.1% at its best in 12 quarters, with ROCE falling at 12.6%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Heritage Foods earn on its capital? Heritage Foods Ltd earned a ROCE of 15% in FY26. That is up from a low of −14% in FY20. Its return on capital used (ROIC) is 2.5 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 3.3% net margin and 2.32× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 3.3% net margin × 2.32× asset turnover × 1.77× leverage (assets divided by equity) ≈ 13.6% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 9.5% − 12.0% = −2.5 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 9.5% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 13.6%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Heritage Foods have too much debt? Heritage Foods Ltd has total debt of ₹384 Cr against shareholder equity of ₹1,141 Cr as of Sep 2026, so its debt is 0.34× its equity. Year by year, that ratio went from 0.03 in FY22 to 0.33 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Heritage Foods shareholding pattern? Foreign institutions cut their stake in Heritage Foods Ltd by 6.6 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 1.7% of the company. Domestic institutions moved +2.4 points over the same period, to 6.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −6.6 points over 8 quarters, to 1.7%; Domestic institutions: +2.4 points over 8 quarters, to 6.3%; Promoters: +0.0 points over 8 quarters, to 41.3%. Why the owners changed: foreign institutions moved −6.6 points and domestic institutions +2.4 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Heritage Foods from balance-sheet trouble? For Heritage Foods Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Heritage Foods rank in its industry? 35.0 out of 100, rank 7 of 8 in FMCG - Dairy Products, with 100% of the evidence available. Heritage Foods Ltd scores 35.0 out of 100 against the 8 companies it is compared with in FMCG - Dairy Products, ranking 7. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 8.3 + 9.8 + 9.1 + 7.8 = 35. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Heritage Foods compared with? Heritage Foods ranks 7 of 8 FMCG - Dairy Products companies on the 4-Factor Sector Score, with 35.0 out of 100. 1. [Vadilal Industries Ltd](https://www.sectoralpha.in/stocks/vadilal-industries-ltd) VADILALIND · leader · Most evidence points up · 85% evidence 76.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.4/35 · Revenue 35.5% · Profit 79.8% · Operating margin change 3 points · 100% evidence Capital efficiency 18.7/25 · ROCE 22% · Operating margin 18% · 100% evidence Valuation 14.5/20 · P/E 22.4× · PEG 0.43 · 100% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 38% · 1 year 41% · 25% evidence · 12 of 12 weeks ahead Exact sum: 30.4 + 18.7 + 14.5 + 12.5 = 76.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Nestle India Ltd](https://www.sectoralpha.in/stocks/nestle-india-ltd) NESTLEIND · quiet · Evidence leans up · 100% evidence 60.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.5/35 · Revenue 21.7% · Profit 38.1% · Operating margin change 2 points · 100% evidence Capital efficiency 24.4/25 · ROCE 84.1% · Operating margin 24% · 100% evidence Valuation 8.4/20 · P/E 55.8× · PEG 2.82 · 100% evidence Relative strength 0.0/20 · Lead over its industry -14.5% · Lead over NIFTY 500 -8.5% · 1 year -8.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 27.5 + 24.4 + 8.4 + 0 = 60.3 · What this means: Earnings are strong; relative strength in its sector is -14.5% and the one-year return is -8.2%. 3. [Vadilal Enterprises Ltd](https://www.sectoralpha.in/stocks/vadilal-enterprises-ltd) VADILENT · turning · Evidence leans up · 78% evidence 59.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.6/35 · Revenue 32.8% · Profit 100% · Operating margin change -2 points · 100% evidence Capital efficiency 15.0/25 · ROCE 24.8% · Operating margin 6% · 100% evidence Valuation 8.1/20 · P/E 54× · PEG 1.94 · 65% evidence Relative strength 10.7/20 · Lead over its industry n/a · Lead over NIFTY 500 0.7% · 1 year -7.9% · 25% evidence · 3 of 5 weeks ahead Exact sum: 25.6 + 15 + 8.1 + 10.7 = 59.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Hatsun Agro Product Ltd](https://www.sectoralpha.in/stocks/hatsun-agro-product-ltd) HATSUN · breaking out · Evidence leans down · 100% evidence 49.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.4/35 · Revenue 18.6% · Profit 5.8% · Operating margin change -2 points · 100% evidence Capital efficiency 14.2/25 · ROCE 15.2% · Operating margin 11% · 100% evidence Valuation 5.7/20 · P/E 61.4× · PEG 3.5 · 100% evidence Relative strength 14.8/20 · Lead over its industry -0.2% · Lead over NIFTY 500 6.3% · 1 year -9.9% · 100% evidence · 10 of 12 weeks ahead Exact sum: 14.4 + 14.2 + 5.7 + 14.8 = 49.1 · What this means: Relative strength against the index is 6.3%, and revenue and profit growth are weak. 5. [Dodla Dairy Ltd](https://www.sectoralpha.in/stocks/dodla-dairy-ltd) DODLA · turning · Evidence leans down · 85% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.7/35 · Revenue 17.1% · Profit -16.9% · Operating margin change -4 points · 100% evidence Capital efficiency 11.9/25 · ROCE 16.7% · Operating margin 5% · 100% evidence Valuation 11.6/20 · P/E 27.1× · PEG 1.75 · 100% evidence Relative strength 8.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -7.4% · 1 year -24.2% · 25% evidence · 0 of 12 weeks ahead Exact sum: 15.7 + 11.9 + 11.6 + 8 = 47.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Parag Milk Foods Ltd](https://www.sectoralpha.in/stocks/parag-milk-foods-ltd) PARAGMILK · breaking out · Evidence leans down · 81% evidence 45.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.5/35 · Revenue 10.9% · Profit 9.2% · Operating margin change 0 points · 88% evidence Capital efficiency 6.5/25 · ROCE 13.4% · Operating margin 7% · 100% evidence Valuation 15.3/20 · P/E 21.7× · PEG 0.65 · 100% evidence Relative strength 9.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.7% · 1 year -25.2% · 25% evidence · 8 of 12 weeks ahead Exact sum: 13.5 + 6.5 + 15.3 + 9.9 = 45.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 7. Heritage Foods Ltd this page HERITGFOOD · breaking out · Evidence leans down · 100% evidence 35.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.3/35 · Revenue 13.9% · Profit -33.5% · Operating margin change -1 points · 100% evidence Capital efficiency 9.8/25 · ROCE 14.8% · Operating margin 6% · 100% evidence Valuation 9.1/20 · P/E 29× · PEG 1.33 · 100% evidence Relative strength 7.8/20 · Lead over its industry -7.1% · Lead over NIFTY 500 -1% · 1 year -26.6% · 100% evidence · 11 of 12 weeks ahead Exact sum: 8.3 + 9.8 + 9.1 + 7.8 = 35 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Kwality Ltd](https://www.sectoralpha.in/stocks/kwality-ltd) KWALITY · Too little evidence to rank firmly · 17% evidence 41.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.2/43.75 · Revenue -27.3% · Profit -80% · Operating margin change n/a · 16% evidence Capital efficiency 8.5/31.25 · ROCE -190% · Operating margin -2.3% · 46% evidence Valuation 12.5/25 · P/E n/a · PEG n/a · 0% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 20.2 + 8.5 + 12.5 = 41.2 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [FMCG - Dairy Products](https://www.sectoralpha.in/sectors/fmcg-dairy-products), all 8 compared on one page. ## Which companies are close to Heritage Foods in size? Heritage Foods is the 5th largest of 8 FMCG - Dairy Products companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Hatsun Agro Product, Dodla Dairy and Vadilal Industries. Just below it: Parag Milk Foods, Vadilal Enterprises and Kwality. ### FMCG - Dairy Products companies close in size

1. [Hatsun Agro Product Ltd](https://www.sectoralpha.in/stocks/hatsun-agro-product-ltd) ₹22,175 crore
2. [Dodla Dairy Ltd](https://www.sectoralpha.in/stocks/dodla-dairy-ltd) ₹5,909 crore
3. [Vadilal Industries Ltd](https://www.sectoralpha.in/stocks/vadilal-industries-ltd) ₹5,387 crore
4. Heritage Foods Ltd ₹3,298 crore
5. [Parag Milk Foods Ltd](https://www.sectoralpha.in/stocks/parag-milk-foods-ltd) ₹2,929 crore
6. [Vadilal Enterprises Ltd](https://www.sectoralpha.in/stocks/vadilal-enterprises-ltd) ₹823 crore
7. [Kwality Ltd](https://www.sectoralpha.in/stocks/kwality-ltd) ₹53 crore

[All 8 FMCG - Dairy Products companies, largest first](https://www.sectoralpha.in/sectors/fmcg-dairy-products#all-companies)

### Companies close in size in other industries

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2. [Kirloskar Industries Ltd](https://www.sectoralpha.in/stocks/kirloskar-industries-ltd) ₹3,307 crore · Engines
3. Heritage Foods Ltd ₹3,298 crore
4. [John Cockerill India Ltd](https://www.sectoralpha.in/stocks/john-cockerill-india-ltd) ₹3,284 crore · Capital Goods - Engineering Heavy
5. [CMS Info Systems Ltd](https://www.sectoralpha.in/stocks/cms-info-systems-ltd) ₹3,283 crore · Services - Others

## What else do people ask about Heritage Foods? ### What is Heritage Foods's share price today? Heritage Foods Ltd's share price is ₹370.00, −23.2% over the past year. The whole company is worth ₹3,437 Cr on the market. In the last 52 weeks it traded between ₹304 to ₹483; today it is 37% of the way up from the low, 1.5% below its 200-day average (as of 3 November 2026). ### What were Heritage Foods's latest quarterly results? Heritage Foods Ltd reported revenue of ₹1,320 Cr and net profit of ₹31.0 Cr for the Sep 2026 quarter. Revenue rose 18.6% and profit fell 39.2% compared with a year earlier. Earnings per share were ₹3.33. The operating margin was 6.0%, 1.0 percentage points lower than a year earlier (as of 3 November 2026). ### What is Heritage Foods's market cap? Heritage Foods Ltd's market capitalisation is ₹3,437 Cr at a share price of ₹370.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Heritage Foods performing? Heritage Foods Ltd's share price has been rising for 5 weeks. In its latest quarter, revenue rose 18.6% and profit fell 39.2% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 14 weeks running (as of 3 November 2026). ### Will Heritage Foods's share price go up? This page does not forecast Heritage Foods Ltd's share price. What it shows instead: the share price is ₹370.00, and it has been rising for 5 weeks. Its P/E of 30.2× is higher than 70% of its own last 11 years (as of 3 November 2026). ### Does Heritage Foods have too much debt? Heritage Foods Ltd has a moderate amount of debt: its debt is 0.33× its equity, and its operating profit is 15 times its interest bill. FY26 borrowings were ₹361 Cr against equity of ₹1,103 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Heritage Foods in its business cycle? Heritage Foods Ltd's FY26 operating margin was 6.0%, against a 13-year range of −14.0% to 11.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 6.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Heritage Foods story? The main question: domestic institutions moved +2.4 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Heritage Foods a stock worth studying right now? What the numbers show: Heritage Foods Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Heritage Foods share price forecast for 2026? What management itself guided: Own ice-cream revenue vision ₹500 crore in 6-7 years excluding Get-A-Way. ## Lists

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