Heritage Foods Limited

from HoReCa reviving. However, we, at Heritage, are carefully moving forward on procurement, based on actual requirement. Financial performance Talking about our performance highlights for the year, we sold 1.0 million liters of liquid milk per day during the FY 2020-21, compared to 1.1 million liters per day sold in the previous FY 2019-20. Our Net Turnover stood at ` 24,070.29 million, compared to ` 26,811.06 million in the previous year, while our Net Worth stood at ` 5,937.64 million vs ` 4,623.31 million earlier. EBITDA stood at ` 2,565 million, compared to ` 1,403 million, while Pro fi t Before Tax was ` 2,010 million, compared to ` 724 million in the preceding year. Revenue of Heritage Nutrivet Limited, our wholly-owned subsidiary, stood at ` 1,215.26 million, compared to ` 1,038.54 million previous year. The cost of dairy inputs in India have been rising, which continued to constrain our margins increased. Our dairy revenues were ` 24,065 million in FY2021, from ` 26,794 million in FY2020, while the value-added segment reported (19.34%) year-on- year degrowth in revenues at ` 5,825 million, compared to ` 7,221 million in the previous fi scal year. Another key development of the year was that our entire stake in Future Retail and Praxis Home Retail was sold and the proceeds were used for repayment of long-term debt. With this, we aim to accelerate our focus and investment OUR NET TURNOVER STOOD AT ` 24,070 MILLION, WHILE OUR NET WORTH STOOD AT ` 5,938 MILLION Heritage Foods Limited 18