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Jun, 03 2017

​Heritage Foods aims to generate Rs.6000 crore revenue by 2022

The company has also lined up Rs.90 crore investments under the capital expenditure plans for current financial year

Dairy products maker Heritage Foods would focus more on growing its value added products division as part of its vision to generate Rs.6,000 crore revenue by 2022, as per top officials.

Brahmani Nara, Executive Director, Heritage Foods Ltd., said, "Currently contribution of value added products to the group’s overall revenue is about 24 per cent. We want that to increase to 40 per cent over the next five years."

The company has also lined up Rs.90 crore investments under the capital expenditure plans for current financial year, she said.

She said, "For the next five years we will be investing around Rs 150 crore.. It will be used to set up five processing facilities."

On the acquisition of dairy business from Reliance retail, she said it would allow the company to enter five new states as part of its plan to be a Pan-India company by 2022.

She further added, "We will be entering into states like Punjab, Himachal Pradesh, Madhya Pradesh, Uttarakhand and Uttar Pradesh."

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