Investor Presentation

Ref: SECT: STOC: 73-26 July 16, 2026 To To The Manager The Manager, BSE Limited Listing Department, Phiroze Jeejeebhoy Towers, National Stock Exchange of India Limited Dalal Street, Exchange Plaza, C-1, G Block, Bandra-Kurla Mumbai - 400 001 Complex, Bandra (East), Mumbai – 400 051 Scrip Code: 519552 Scrip Code: HERITGFOOD Sub: Investor Presentation - reg Dear Sir/Madam, Pursuant to Regulation 30 and other respective regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are herewith enclosing the copy of Investor Presentation which covers the milestones achieved by the Company during the quarter ended June 30, 2026, apart from that there are certain other information which is required to be known by our existing shareholders as well as prospective investors of the Company. The copy of the same also available on the website of the Company i.e. www.heritagefoods.in Kindly take the same on record and display the same on the website of your exchange. Thanks & Regards, For HERITAGE FOODS LIMITED UMAKANTA BARIK Company Secretary & Compliance Officer M No: FCS-6317 Encl: a/a The Promise of Health and Happiness QUALITY FROM FARM TO TABLE INVESTOR PRESENTATION Q1 FY27 Q1 FY27 Highlights Business Overview Table of Contents USPs Strategic Updates Annexure Q1 FY27 Financial Highlights Q1 FY27 : Overview We are pleased to report another quarter of strong execution, with Heritage Foods delivering record quarterly revenue of ₹13,381 million, up 18% YoY, while our value-added products portfolio reached an all-time high contribution of 44% of revenues. This performance reflects the strength of our integrated dairy model, resilient consumer franchise, expanding Value-Added Products portfolio and disciplined execution across the value chain. Q1 FY27 Procurement volumes increased to 1.81 MLPD (2% higher YoY) and Procurement prices increased to Rs 46.61/L (7% higher YoY). Q1 FY27 Milk Sales volumes stable at 1.16 MLPD up 0.3% YoY, The average selling price increased to ₹58.68/L up 4% reflecting stable market positioning and pricing strength. Value-Added Products (VAP) segment, achieving a 40% increase in revenues, reaching Rs. 5,636 million in Q1FY27. Contribution of VAP to total revenue improved by 7.6% YoY to 43.6% from 36.1% in Q1FY26. When including consumer packs of Ghee and Butter, VAP revenue reached Rs. 6,322 million, up 39% YoY in Q1 FY27. This segment is up 8.4% YOY to reach 49.0% to total revenue compared to 40.6% in Q1 FY26. The quarter was marked by elevated milk procurement costs and constrained milk availability across the industry. Despite these headwinds, we prioritised strengthening our procurement ecosystem, expanding market share and accelerating the growth of our Value-Added Products portfolio, even as input cost inflation temporarily weighed on profitability. Our ability to increase milk procurement volumes, take calibrated pricing actions and deliver strong, broad-based volume growth across key Value-Added Product categories underscores the strength of our farmer network, brands and route-to-market capabilities. We also strengthened our premium growth platforms by making Heritage Novandie Foods Limited a wholly owned subsidiary and increasing our stake in Peanutbutter and Jelly Limited. We remain confident that our continued investments in procurement, innovation, premiumization and distribution position Heritage to deliver sustainable and profitable long-term growth as industry conditions normalize. Mr. A V Girija Kumar, Chairperson HERITAGE FOODS LIMITED Q1 FY27 Consolidated Financial Performance (Rs. In Mn.) Revenue EBITDA PBT PAT Margins 6.5% 4.6% 4.8% 2.5% 3.6% 1.9% 13,381 739 550 406 335 250 11,368 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Milk Revenue VAP Revenue Fat Products Others Margins 5,636 5,941 6,207 841 4,034 696 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Consolidated Financial Performance Particulars(INRMn) Q1FY27 Q1FY26 Y-o-Y (%) Q4FY26 Q-o-Q (%) Revenue from Operations 13,381 11,368 18% 11,576 16% Expenses 12,762 10,629 20% 11,053 15% EBITDA 619 739 (16)% 522 18% EBITDAMargins(%) 4.6% 6.5% (188) Bps 4.5% 11 bps Depreciation 265 187 42% 218 22% FinanceCost 82 42 96% 53 55% OtherIncome 64 53 22% 60 6% Share ofProfit/(Loss)ofanassociate & JointVenture - (13) - - - Exceptional Item - - - 8 - Profit Before Tax 335 549 (39)% 320 5% Tax 86 144 (40)% 80 7% ProfitAfterTax 250 405 (38)% 239 4% PATMargins(%) 1.9% 3.6% (170) Bps 2.1% (20) Bps OtherComprehensive Income 0 (3) - 7 - TotalComprehensive Income 250 402 (38)% 247 4% EPSDiluted(INR) 2.7 4.4 (38)% 2.6 5% Crafting cold delights : Ice Cream Plant Taking shape at Shamirpet, Hyderabad 01 State of the Art Manufacturing Facility 02 31 million litres annual capacity Ice Cream Revenue (INR Crore) 500+ 03 Commercial production started 56 04 Highest Standards of Quality, Safety & Hygiene FY26 Q1 FY27 FY30 Heritage Curd Portfolio Pack Refresh Heritage Curd Portfolio Pack Refresh Heritage Creamy Shake Launch We launched Premium Creamy shakes in Badam & Mango variants in the Glass Bottle format. With Creamy Shakes we target the digital Savvy Genz and Young Millennials 1st on Pack Gamified Experience at Heritage to engage with this consumer cohort | Daily Cash Rewards Heritage Nutrivet Limited – Wholly owned subsidiary PRODUCT PORTFOLIO ➢ Enhances livestock health and longevity, boosts milk yield, prevents energy deficiencies, and promotes sustainable, innovation - driven nutrition. Fish Feed, Feed 12.60% Suppliment, 3.32% ➢ Q1 FY27 Revenues up 37% YoY, reflecting sustained demand and strong execution. ➢ Leading livestock feed producer & distributor in 9 States across India with strong farmer connect. Cattle Feed, 84.08% Products (in Rs. Million) 2454 1849 206 1601 1069 FY23 FY24 FY25 FY26 Revenue PBT Strengthening VAP Portfolio Through Capacity Expansion & Strategic Acquisitions Heritage Novandie Foods Limited Subsidiary ➢Acquiring the remaining 5.6% stake, taking ownership to 100% ➢Leading digital-first yogurt & dessert brand ➢Among the Top 5 yogurt brands in the organized trade ➢Strengthens Heritage's presence in the fast-growing yogurt & premium VAP category Peanutbutter & Jelly Limited Subsidiary ➢Acquiring an additional 20% stake, increasing ownership to 71% ➢One of India's fastest-growing premium protein ice cream brands ➢Strengthens Heritage's presence in the premium, health-conscious consumer segment ➢Expands the VAP portfolio through entry into the high-growth functional ice cream category Business Overview Heritage : Delivering across the Dairy Value Chain - Operating as a large FMCG company 01 02 03 04 Winning Operational Business Balanced Full Model Excellence Metrics Stack Portfolio Deep relation with 3 Decades Revenue CAGR 14% 300,000+ farmers, of Operations (FY22-FY26) built on immutable principles. 2.68 MLPD 23.4% Gross margin Chilling capacity Unique, federated supply 5.9% EBITDA Margin chain model that gives a 2.95 MLPD strong advantage of Processing Capacity 0.33 Net Debt/Equity ‘freshness’. 19 Plants 13.95% ROCE Top brand in Southern closer to the consumer metro cities, on brand recall and loyalty*. 10 Mn consumers Strong professional serviced daily leadership that thrive in this ‘Great Place to work’. *Brand Health Track – *As of FY26 internal study Strong Volume Led Growth in Dairy 3 Year CAGR (FY23-FY26) Product Mix FAT, 5% Others, 6% 3% Proven Expertise in Scaling Milk Procurement to Match Sales Growth VAP, 29% Milk Milk Procurement Sales Milk, Others, Ice-cream, 32% Drinkables, 44% FAT, 7% 4% Driving balanced Sweets, 23% Food, 21% growth across portfolio Milk, FY26 VAP Sales Fats VAP, 33% FY23 FY26 From Dairy to Your Door : The Journey of Milk Milk Chilling Processing Distribution Procurement Centers Plants Network 300,000+ 191 2200+ Farmers across State of the art 9 states Chilling Centres/ Processing Vehicles Bulk Coolers Plants 1.74 Mn 7500+ 2.68 MLPD 2.95 Litres Distributors Chilling Ca [Showing first 8,000 characters — download PDF for full document]