4. https://pib.gov.in/PressReleasePage.aspx?PRID=1887058 5. https://www.nddb.coop/node/2364 Challenges Growing supply-demand imbalances in feed and fodder and reduced grazing grounds for cattle continue to aff ect animals’ milk production capacity. Maintaining hygiene is a major concern for cattle owners, as unhygienic conditions lead to the deterioration of milk quality. Due to their perishable nature, it is extremely diff icult to maintain the freshness of dairy products. Dairy farmers often face logistical hassles that have an impact on the production and transportation of milk products. Climate change and adverse weather conditions have adversely aff ected the dairy product market, impacting milk and raw materials for dairy products and creating an imbalance in the supply chain. Company overview Heritage Foods Limited is among the leading dairy companies in India, with a wide presence across 11 states. Dairy and renewable energy are its two business verticals. With over three decades of experience in the dairy industry, the Company off ers a diverse range of products, including milk and value-added dairy products such as curd, paneer, ghee, fresh cream, UHT milk, lassi, immunity milk, ice-cream/frozen desserts and so on. Presence across India e-commerce websites Availability years legacy 11 states 16 31 Heritage Foods Ltd. is one of the top players in the FastMoving Consumer Goods (FMCG) sector, having a strong distribution network and an omni-channel presence. It has a well-standardised distribution network with 146 Heritage happiness points across 11 states in India. Over the years, the Company has built strong, long-lasting relationships with 300,000+ dairy farmers for the procurement of milk across 8 states in India. It is also well-represented on 16 e-commerce websites. The Company has a strong R&D strategy and employs cutting-edge technology for manufacturing and processing. It ensures superior quality control and has a highly qualifi ed team to supervise its operations. The Company has 18 processing plants, 201 bulk coolers and mini chilling and chilling centres to deliver fresh and nutritious products. The Company has introduced value-added products, which have boosted its overall revenue. Its ice cream/frozen dessert is witnessing rapid growth, and the Company aims to expand in existing markets across channels and drive innovation. In the years ahead, the Company plans on launching new products, especially ice creams/frozen dessert and drinkables, to contribute 10% of its growth. SWOT Analysis THRE AT S * No barriers to entry - leading to emergence new competitors both at local and national level * Big Competitors - few famous brands also aligned with product portfolio * Natural disasters and weather related events can aff ect milk production OPPOR T UN I T I E S * Greater disposal income - increasing purchasing power * Increasing quality and standards * Continued innovation and adoption of advanced technologies to enhance productivity, quality and reduce cost STRENGTHS * Low Debt * Product line - wide variety of product portfolio * Cost-eff ective supply chain * High product quality * Committed human capital * Technological advancements * Geographical advantage WE AKNE SSE S * Diversifi cation for sustenance * Dairy sector has a large number of small-scale/unorganized players, leading to fragmentation and ineff iciencies 137 MDA | Statutory Reports
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