Stock Analysis

Heritage Foods Full Year 2023 Earnings: EPS: ₹6.33 (vs ₹20.81 in FY 2022)

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NSEI:HERITGFOOD
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Heritage Foods (NSE:HERITGFOOD) Full Year 2023 Results

Key Financial Results

  • Revenue: ₹32.4b (up 21% from FY 2022).
  • Net income: ₹579.8m (down 40% from FY 2022).
  • Profit margin: 1.8% (down from 3.6% in FY 2022). The decrease in margin was driven by higher expenses.
  • EPS: ₹6.33 (down from ₹20.81 in FY 2022).
earnings-and-revenue-history
NSEI:HERITGFOOD Earnings and Revenue History June 1st 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

Heritage Foods Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Food industry in India.

Performance of the Indian Food industry.

The company's shares are up 14% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 4 warning signs for Heritage Foods (2 are a bit unpleasant) you should be aware of.

Valuation is complex, but we're helping make it simple.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.