Heritage Foods Limited

STATUTORY REPORTS MDA 29 th Annual Report 2020-21 | 107 Revenue Trend ` In Million 18,714 FY 2016-17 FY 2018-19 FY 2017-18 FY 2019-20 FY 2020-21 23,440 24,824 26,811 24,070 The Company is gradually targeting to grow contribution of value added products to consolidate top line. Curdwill continue to remain the largest component of value- added product segment, contributing to over 81% share to the value-added segment. Other products constitute buttermilk, fl avored milk, lassi, paneer and ice creams/frozen dessert. • Dairy Vertical: The Dairy division accounting for 99.64% of revenue is the fl agship business vertical of the Company. The 5-year revenueof the dairy vertical is given below: Dairy Revenue ` In Million 18,707 FY 2016-17 FY 2018-19 FY 2017-18 FY 2019-20 FY 2020-21 23,437 24,792 26,794 24,065 Value Added Products Turnover ` In Million 4,390 FY 2016-17 FY 2018-19 FY 2017-18 FY 2019-20 FY 2020-21 5,258 6,190 7,222 5,825 • Renewable Energy Vertical: Your Renewable Energy Division strongly recognizes the responsibility towards protecting the environment. As a forward- looking enterprise, it is strongly committed to extending our ‘Green’ footprint. In line with this thinking, the division has increased its Renewable Energy Capacity to with 4.09MW Solar Power and 6.30MW Wind Power in the states of Andhra Pradesh, Telangana, Maharashtra, Tamil Nadu and Karnataka for the captive consumption: ` 68.83 Million Revenue from Renewable Energy 10.39 MW Renewable Energy Capacity • Heritage Nutrivet Limited To enhance presence in the Indian Market, the Company has one wholly owned Subsidiary viz. Heritage Nutrivet Limited, located in Hyderabad, dealing with Animal Nutrition, and one of the leading Live Stock Feed & Feed Supplements players in Southern and Western India covering over 0.3 million farmers spread across fi ve states viz., Andhra Pradesh, Telangana, Tamil Nadu, Karnataka andMaharastra. During FY 2020-21 the Company achieved Sales turnover of ` 1,215 Million and pro fi t before tax of ` 98 Million. • Heritage Novandie Foods Private Limited With an eye on the fast-growing value-added dairy segment, the Company has established a Joint Venture Company namely, Heritage Novandie Foods Private Limtied (HNFPL) to manufacture and market various types of Fruit Yoghurt and other dairy products in India. The HNFPL had started the commercial production on February 16, 2021 and launched French Yoghurt brand ‘Mamie Yova’ in India. Heritage HNFPL is hoping to woo Indian consumers with its fruit-based yogurt and aims to have a strong presence across 8-10 key cities in the next two years. FINANCIAL OVERVIEW The Company has created signi fi cant wealth for its members as it continues to maintain its growth momentum to become a nationally recognized brand for healthy and fresh products. Given below is the Company’s performance for the last fi ve years in various parameters.