Consolidated STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS 242 32ND ANNUAL REPORT 2023-24 | HERITAGE FOODS LTD Consolidated Statement of Profit and Loss for the year ended 31 March 2024 (All amounts in ₹ millions, except share data and where otherwise stated) Notes For the year ended 31 March 2024 31 March 2023 Income Revenue from operations 24 37,939.04 32,406.54 Other income 25 119.65 120.57 Total income 38,058.69 32,527.11 Expenses Cost of materials consumed 26 28,942.88 27,636.81 Purchase of stock-in-trade 416.09 267.28 Changes in inventories of finished goods, semi finished goods, stock-in-trade and work-in-progress 27 712.97 (1,745.79) Employee benefits expenses 28 2,575.49 2,114.89 Finance costs 29 90.60 39.02 Depreciation and amortisation expense 6, 7 & 8 608.19 561.47 Impairment losses 6 6.68 2.08 Other expenses 30 3,189.49 2,748.69 Total expenses 36,542.39 31,624.45 Profit before share of loss of an associate and a joint venture from continuing operations 1,516.30 902.66 Share of loss of an associate and a joint venture (65.43) (85.23) Profit before tax from continuing operations 1,450.87 817.43 Tax expense 31 Current tax expense 375.21 228.33 Deferred tax expense 10.17 9.34 Profit for the year from continuing operations 1,065.49 579.76 Discontinued operations Loss before tax 46 - (0.01) Tax expense - 0.03 Loss for the year from discontinued operations - (0.04) Profit for the year 1,065.49 579.72 Other comprehensive income / (loss) Items that will not be reclassified to profit or loss (i) Re-measurement loss on defined benefit plan, net of taxes (10.76) (2.88) (ii) Net gain on FVTOCI equity securities 0.18 0.09 Total other comprehensive loss for the year (10.58) (2.79) Total comprehensive income for the year 1,054.91 576.93 Profit/(loss) for the year, attributed to Owners of the Company: - Profit from continuing operations 1,065.49 579.76 - Profit/(loss) from discontinuing operations - - - Total profit 1,065.49 579.76 - Other comprehensive loss (10.58) (2.79) - Total comprehensive income 1,054.91 576.97 Loss for the year, attributed to Non-controlling interest of the Company: - Loss from continuing operations - - - Loss from discontinuing operations - (0.04) - Total loss - (0.04) - Other comprehensive loss - - - Total comprehensive loss - (0.04) Earnings per equity share [EPES] 32 Nominal value per equity share (in ₹ terms) 5.00 5.00 Basic and Diluted EPES - Continuing operations (in ₹ terms) 11.48 6.33 - Discontinuing operations (in ₹ terms) - - - Continuing and discontinued operations (in ₹ terms) 11.48 6.33 The accompanying notes referred to above form an integral part of the consolidated financial statements. This is the Consolidated Statement of Profit and Loss referred to in our report of even date. For Walker Chandiok & Co LLP For and on behalf of Board of Directors of Chartered Accountants Heritage Foods Limited Firm’s Registration No: 001076N/N500013 N Bhuvaneswari N Brahmani M Sambasiva Rao Vice Chairperson and Executive Director President Managing Director DIN: 02338940 DIN: 00003741 Sanjay Kumar Jain Srideep Madhavan Nair Kesavan A Prabhakara Naidu Umakanta Barik Partner Chief Executive Officer Chief Financial Officer Company Secretary & Membership No: 207660 M.No.FCA 200974 Compliance Officer M.No. FCS 6317 Place : Hyderabad Place : Hyderabad Date : 29 May 2024 Date : 29 May 2024
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