Heritage Foods Limited | 32nd Annual Report 2023-24

Milk: A True Superfood! Milk has been an important constituent of the human diet for centuries. Nutritious and delicious, milk and other dairy products are a key building block of health and happiness when consumed as part of a wholesome diet. Their unique blend of nutrients provide several health benefits for people across all ages. Milk is thus irreplaceable in the food system. Toned for Growth We are among India's largest dairy companies and are proud to deliver this superfood and sustainable dairy goodness, ensuring nutrition for all. Having built strong foundations, we are primed for growth, underpinned by our key levers of sustainable increase in milk procurement volumes, organic and inorganic expansion, rising share of valueadded products, growing footprint in existing and new markets, and growing other businesses, such as premium yogurt and cattle feed (in joint venture company and wholly-owned subsidiary company). We have incredible raw materials produced on the pastures of Indian farms, a business supported by talented and committed teams, and an exciting opportunity to create value. With milk being a superfood, it is natural for us to be toned for growth!

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