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Heritage Foods — A Dairy Company Collecting From 300,000 Households and Delivering to 13 States

2026.09.19

Article summary

Heritage Foods, established in 1992 and headquartered in Hyderabad, is a dairy company. It supplies about 1.5 million households across 13 states and collects milk from more than 300,000 farming households across 9 states. It processes 2.95 million liters a day at 18 processing plants and handles more than 400 items. It runs its own feed business, selling feed to farmers and buying milk back from them, which stabilizes milk volume and composition. Consolidated revenue for FY2026 (year ended March 2026) was ₹4,526 crore (1 crore = 10 million rupees), up from ₹4,135 crore the prior year. In October 2025 it acquired 51% of protein ice cream brand Get-A-Whey (operated by Peanut Butter and Jelly Private Limited) for ₹9 crore. With a chilled distribution network, it's a candidate as a contract manufacturer for chilled foods.

This article is based on what we could verify As of September 19, 2026 This page is based on the disclosures and news reports from each company that we were able to confirm as of that date. Amounts in the text follow the notation commonly used in India, with ₹1 crore = 10 million rupees, and yen figures are approximations calculated at a little over 1.7 yen to the rupee. Store counts, funding raised, and results at Indian companies change over short periods, so when making a business decision, please check the latest information in primary sources such as each company's own announcements.

Heritage Foods is a dairy company established in 1992 that delivers milk and dairy products to roughly 1.5 million households in 13 states. Alongside dairy it also works in animal feed and renewable energy.

Company profile

Item	Details
Legal name	Heritage Foods Limited
Year founded	1992
Headquarters	Hyderabad, Telangana
Consolidated revenue	₹4,526 crore (FY2026 = fiscal year ended March 2026, approx. 78.8 billion yen). FY2025 was ₹4,135 crore
Procurement and production	Milk collected from more than 300,000 farming families in 9 states. 18 processing plants with capacity of 2.95 million liters a day
Number of items	More than 400 SKUs
Listing	Listed on the BSE and NSE

Stabilizing milk collection by selling feed

Many Indian dairy farming households are small, keeping only a few head of cattle each. Milk yield depends on feed, and feed quality depends on farmers' cash flow. From the collector's perspective, milk volume and composition drop the moment a farmer switches to cheaper feed.

Heritage Foods runs its own feed business. It sells feed to farmers and buys milk back from the same farmers. By being connected on both the selling and buying sides, it can control milk volume and composition to some extent. This is a technique commonly used by dairy companies in India.

It collects milk from more than 300,000 farming households across 9 states and has the capacity to process 2.95 million liters a day at 18 plants. It handles more than 400 items, including milk, curd, ghee, paneer, and ice cream.

Buying a D2C brand to add to its lineup

Consolidated revenue for FY2026 (year ended March 2026) was ₹4,526 crore, up from ₹4,135 crore in FY2025. In October 2025 it acquired 51% of protein ice cream brand Get-A-Whey (operated by Peanut Butter and Jelly Private Limited) for ₹9 crore.

This is a case of an established dairy company buying a small brand that started online and putting it onto its own chilled distribution network. The acquired side gains shelf space all at once, and the acquirer gains a product concept it didn't have. The deal size is small, but this pattern repeats across India's dairy industry.

Points for Japanese companies

As a dairy company with a chilled distribution network across South and Central India, it's a candidate as a contract manufacturer for chilled foods. Its processing capacity of 2.95 million liters a day is large enough to be devoted to contract beverages or desserts as well.

Since it has already shown a pattern of acquiring D2C brands into its lineup, it's easier to approach as a brand looking for a partner. When reaching out, it helps to have clear beforehand which temperature zone your product needs (chilled, frozen, or ambient) and which states you expect to distribute to.