Article Today, Amaravati: Nara Bhuvaneswari, wife of Andhra Pradesh Chief Minister N. Chandrababu Naidu, witnessed a massive gain in the equity market on Friday. Shares of Heritage Foods Limited, where she serves as Managing Director, surged over 7% in a single day. Despite broader markets ending in losses, Heritage stock stood out with notable upward momentum.
Large Holding Yields Significant Windfall
Bhuvaneswari holds 24.37% equity in Heritage Foods, which translates to 2,26,11,525 shares. With the stock trading higher, her net worth from this holding increased by approximately ₹78.80 crore. Heritage Foods was founded in 1992 by Chandrababu Naidu. Their son, Nara Lokesh, is also a shareholder in the company.
Heritage Expands Across South India
Heritage Foods has grown into a major dairy and food products company, operating primarily across southern states. It processes about 28.7 lakh litres of milk per day. The company offers 418 dairy products and has expanded into renewable energy and food manufacturing sectors as part of its diversification strategy.
Quarterly Revenue Rises, Profit Slips
For the first quarter of FY 2025-26 (April to June), Heritage Foods reported revenue of ₹1,136.8 crore, marking a 10% year-on-year increase. However, net profit dropped sharply by 30.7% to ₹40.05 crore. The company had posted ₹58.4 crore profit during the same period last year. Management attributed the profit decline to weather-related disruptions affecting supply and demand. Daily milk procurement rose 9.9% to 17.8 lakh litres, while milk sales increased by 2.8%.
Market Value Strengthens Despite Challenges
The current market capitalisation of Heritage Foods stands at ₹4,560 crore. The stock’s price-to-earnings (PE) ratio is at 24.24. It has traded between ₹352 and ₹659 in the last 52 weeks. As of Friday, the stock closed at ₹492, reflecting a 38% rise from its yearly low.
Vision 2030 Targets National Leadership
Under its “Vision 2030”, Heritage Foods aims to become one of India’s leading dairy nutrition brands. The company plans to focus on product innovation, technology upgrades, and market expansion to achieve its long-term growth objectives.
