Heritage Foods Management Guidance Tracker
8 forward-looking guidance items tracked across 2 quarters.
Margins
Management reiterated a targeted EBITDA margin range of 7-9%, expecting margins to normalize from current lows as supply conditions improve and operating leverage kicks in.
Q4 FY26Median EBITDA margin target of ~9%TrackedAiming to improve median margin from ~7% to high single digits through VAP mix and operating leverage.
Expansion
The Hyderabad ice cream plant is expected to commence commercial production by end of February or early March 2026, with first-year capacity utilization of 40-45%.
Q3 FY26Flavored milk plant commissioning in Q4 FY26ActiveThe flavored milk plant is also expected to be commissioned in the current quarter (Q4 FY26), positioning the company to capture incremental demand.
Growth
Management targets value-added product volume growth of 20-22% in Q4, driven by summer seasonal products and strong performance in paneer and ice cream.
Q4 FY26VAP contribution to increase 2-2.5% per yearTrackedTarget to reach 50% of revenue in ~4 years, driven by premiumization and new products.
Q4 FY26Ice cream facility utilization 35-40% in first yearTrackedNew Hyderabad plant; full utilization expected in 6-7 years with 20-25% annual growth.