Press Release

Ref: SECT: STOC: 72-26 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: Press Release – Un-audited Financial Results for the Quarter ended on June 30, 2026 Dear Sir/Madam, Please find enclosed a copy of the press release with regard to the Un-audited Financial Results of the Company for the Quarter ended on June 30, 2026. A copy of the same will also be uploaded on the Company’s website 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 Media Release Heritage Foods Crosses ₹13,000 Mn Quarterly Consolidated Revenue Milestone, Prioritizing Long-Term Growth Amid Elevated Milk Inflation Value Added Products Portfolio Reaches Record 44% of Revenue July 16, 2026: Heritage Foods Limited (BSE: 519552; NSE: HERITGFOOD), a leading Dairy Company offering milk and Value-added dairy products, announced its results for the quarter ended June 30, 2026. Q1FY27 Results Key Highlights Strategic Procurement Investments Protected Growth • Procurement Network Reinforced Through a Farmer-First Approach: Amid industry-wide milk shortages and a 7% YoY increase in milk procurement prices, Heritage delivered 2% YoY growth in milk procurement volumes. The Company consciously prioritised supply continuity and farmer engagement over short-term cost optimisation, strengthening its procurement ecosystem, ensuring uninterrupted milk availability and supporting long-term growth across consumer businesses." • Industry Milk Inflation Remained Elevated: Average landed milk procurement prices increased to ₹46.61/liter, reflecting one of the most inflationary milk procurement environments witnessed by the dairy industry in recent years. Strong Consumer Franchise Enabled Volume Growth Despite Pricing Actions • Pricing Power Supported Revenue Growth Without Compromising Demand: The Company undertook calibrated price increases across its portfolio, with average milk selling prices increasing 4% YoY to ₹58.68/liter. Despite these actions, Heritage continued to deliver healthy volume-led growth, demonstrating the strength of its brand, consumer loyalty and pricing discipline. • Value-Added Products Continued to Outperform: Heritage recorded broad-based volume growth across its VAP portfolio, led by Paneer (+33%), Curd (+26%), Buttermilk (+60%), Lassi (+98%), Ice Cream (+25%). The performance reflects the Company's continued success in building category leadership through strong brands, differentiated product offerings and an expanding route-to-market. Notably, Paneer maintained its long- term growth trajectory, while Curd delivered its strongest volume growth in recent years, highlighting the scalability of Heritage's consumer franchise and the growing contribution of value-added products to future growth. Media Release • Ice Cream Business Emerged as a Strong Growth Driver: Heritage's ice cream business, including GETAWAY, crossed ₹550 million in revenue during Q1FY27, growing 65% YoY. Alpenvie, the Company's core ice cream brand, delivered robust growth of 44% YoY, reflecting strengthening brand equity and distribution expansion. The continued traction of differentiated offerings, including GETAWAY's high-protein, zero-sugar portfolio, validates Heritage's strategy of building high-growth, value-added categories aligned with evolving consumer preferences." Strategic Investments Strengthened Premium Growth Platforms • Heritage Novandie Foods Limited Became a Wholly Owned Subsidiary: Heritage acquiring the remaining 5.6% equity stake in Novandie Foods Limited, increasing its ownership to 100%. ‘Livo’, a digital-first high-protein yogurt brand is today among the top 5 yogurt brands in the organized trade, strengthening our emerging Value-added portfolio. • Increasing Ownership in GETAWAY to Accelerate Category Expansion: Heritage increasing its stake in Peanut Butter and Jelly Limited to 71%, in line with the previously agreed investment roadmap. The transaction further aligns the Company with one of India's emerging better-for-you brands, while ensuring continued founder involvement in driving innovation, brand building and consumer engagement. Backed by Heritage's manufacturing infrastructure, distribution network and execution capabilities, the business is well positioned to scale faster and strengthen its presence in high-growth nutrition-led categories. Q1-FY27 Consolidated Financial Performance: Revenue Gross EBITDA EBITDA PAT INR 13,381 Mn Margins 21% INR 619 Mn Margin 4.6% INR 250 Mn YoY: 18 % YoY: (260) bps YoY: (29) % YoY: (188) bps YoY: (38) % Business Highlights: • Robust Revenue Growth with Highest-Ever Quarterly Performance: Consolidated revenue grew 18% YoY to ₹13,381 million in Q1FY27, marking the highest-ever quarterly revenue achieved by the Company despite a challenging industry environment. • Procurement Volumes Improve Amid Elevated Raw Milk Costs: Milk procurement volumes increased 2% YoY to 18.10 LLPD in Q1FY27. Average procurement costs increased 7.2% YoY to ₹46.61 per liter, reflecting continued industry-wide milk inflation. Media Release • Steady Milk Sales Growth with Improved Realizations: Milk sales volumes remained stable at 11.62 LLPD in Q1FY27, while average selling prices increased 4% YoY to ₹58.68/liter, supported by calibrated pricing and brand strength. • Value-Added Products Reached a Record High Contribution: VAP revenue grew 39.7% YoY to ₹5,636 million, with VAP contribution, excluding consumer brands in Ghee and Butter, expanded to a record high 44% of overall revenues, compared to 36% in Q1FY26. The milestone reflects continued success of Heritage's premiumization strategy, reflecting continued strengthening of the consumer portfolio and improving product mix. • Consumer Ghee and Butter Portfolio Continues to Strengthen: Including consumer- pack fats, revenue increased 39.3% YoY to ₹6,322 million, with contribution reaching a record high 49% of revenues versus 41% in Q1FY26, supported by strong traction across ghee and butter driven by expanded distribution, disciplined execution, growing consumer love and brand loyalty. • Heritage Nutrivet Limited Sustains Strong Growth Momentum: The wholly owned subsidiary, Heritage Nutrivet Limited, recorded revenue of ₹728 million in Q1FY27, registering robust growth of 37% YoY and reported Profit before tax of ₹20 million. • Innovation-Led Growth Strategy Gaining Traction: Heritage continued to strengthen its differentiated product portfolio with the launch of premium Creamy Shakes in Badam and Mango variants in a unique glass bottle format, supported by the Company's first on- pack gamified consumer engagement platform. The Company's recent innovations are also witnessing strong market acceptance, with Nourish+ High Protein Paneer already contributing over 15% of the overall paneer portfolio within a short period of launch. The rapid adoption underscores the growing consumer demand for nutrition-led products and Heritage's capability to identify emerging trends, develop differentiated offerings and scale them successfully through its distribution network. • Prestigious Recognitions Reinforce Corporate Excellence: Heritage Foods received the IR Excellence Award in the Food & Beverage category by the Investor Relations Society, while Mrs. N. Brahmani, Executive Director, was recognized among Fortune India’s Most Powerful Women 2026, reflecting excellence in investor relations and leadership. • New Ice Cream Facility Achieves Strong Early Ramp-Up: The newly commissioned ice cream facility reached 40% capacity utilisation in Q1FY27, driven by production across both the Alpenvie and GE [Showing first 8,000 characters — download PDF for full document]