Heritage Foods Limited

Heritage Foods Limited 104 • Intense competition from private dairies and international players may pose a challenge • Extensive crossbreeding for raising milk productivity may lead to disappearance of indigenous cattle. • Lack of infrastructure and cold storage facilities pose challenge to the dairy industry COMPANY OVERVIEW Founded in 1992, Heritage Foods Limited (HFL) is one of the leading dairy companies in India. The Company has two business verticals i.e. Dairy and Renewable Energy. The Company boasts of a diverse range of products including fresh milk, paneer, ghee, buttermilk, curd, UHT milk, lassi, fl avoured milk, ice-cream/ frozen dessert and other dairy-based products. The Company provides innovative, fresh and high-quality products to over 1.5 million consumers through its well-spread distribution network. The milk processing capacity of the Company stands at 2.7 million liters per day. As a nationally recognised brand, the Company’s operations are spread across 11 states in India. Its industry experience spans over nearly three decades during which the Company has grown multifold to garner a signi fi cant share in the Indian dairy industry, backed by its unwavering focus on supplying innovative and fi nest quality products to customers. A robustmanufacturing andR&D infrastructure, technologically advanced equipment, stringent quality control and a highly experienced team underpin the operations of the Company. Presently, the Company has 18 processing plants, 113 bulk coolers and 76 chilling centres to ensure availability of fresh and high-quality products. Strong brand equity Strong R&D base Large-scale manufacturing operations Dedicated and talented team Quality excellence Comprehensive product portfolio PRODUCT CATEGORIES Milk - Fresh Milk Fresh milk is the most widely consumed dairy product in India and is considered a vital source of essential nutrients required for proper functioning of the body. The major factor for the growth of the liquid milk market in India is the rapidly risingpopulationdue towhich the consumption levels of liquid milk have witnessed a signi fi cant growth. Increasing incomes, large vegetarian population, rising standards of living and health consciousness among the consumers have also pushed the growth of the market in a positive direction. Most of the market is currently accounted by the unorganised sector. Growth rates of the organised sector, however, is faster than the unorganised sector. The Indian liquid milk market is expected to grow at a CAGR of 16.80% during 2021-2026. - A2 Milk A2 Full Cream Milk is 100% Bu ff alo Milk freshly procured from the nearest farms and sterilized at our plant. A2 Full Cream Milk is rich in A2 Protein and comes with a promise of building Immunity and Easy to Digest. - UHT Milk UHT milk, or ultra-high temperature milk, is made by processing milk at high temperature so as to remove the pathogens. The UHT process preserves all the nutrients present in milk and makes it suitable for storage at room temperature for long periods without any preservatives. UHT milk is more convenient than ordinary fl uid milk as it does not need to be stored in refrigerator or boiled before consumption. Currently, one of the major factors driving themarket is the ease of storage of UHTmilk which facilitates its transportation over long distances to milk scarce regions. Some of the other growth inducing factors include ease of use, long-shelf life, changing dietary habits, etc. The UHT milk market in India is expected to grow at a CAGR of 15.3% during the forecast period (2021-2026). - Skimmed Milk Powder The Indian skimmed milk powder (SMP) market exhibited strong growth during 2015-2020. Milk powder manufacturing is a simple process now carriedout in large scale. It involves the gentle removal of water at the lowest possible cost under stringent hygiene conditions while retaining all the desirable natural properties of themilk- color, fl avor, solubility, nutritional value. The Indian skimmed milk powder (SMP) market is expected to grow at a CAGR of around 13% during 2021-2026.