Chandrababu Naidu's Heritage Foods aims to treble revenue in 5 years

In May 2016, it acquired the assets of Karnataka-based Teja Dairy

Viveat Susan Pinto  |  Mumbai 

Heritage Foods, an entity founded by Andhra Pradesh chief minister N Chandrababu Naidu, proposes to treble its annual revenue in the next five years as it eyes a larger presence in the organised dairy market. The latter market is estimated at Rs 80,000 crore a year and is seeing Patanjali, Coca-Cola, PepsiCo and ITC entering it, even as the existing ones such as Amul, Mother Dairy and Nestle try to consolidate their presence. N Brahmani, the daughter-in-law of Naidu and executive director of Heritage Food told this newspaper they were aiming at annual revenue in excess of Rs ...

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Chandrababu Naidu's Heritage Foods aims to treble revenue in 5 years

In May 2016, it acquired the assets of Karnataka-based Teja Dairy

Heritage Foods, an entity founded by Andhra Pradesh chief minister N Chandrababu Naidu, proposes to treble its annual revenue in the next five years as it eyes a larger presence in the organised dairy market. The latter market is estimated at Rs 80,000 crore a year and is seeing Patanjali, Coca-Cola, PepsiCo and ITC entering it, even as the existing ones such as Amul, Mother Dairy and Nestle try to consolidate their presence.N Brahmani, the daughter-in-law of Naidu and executive director of Heritage Food told this newspaper they were aiming at annual revenue in excesss of Rs 6,000 crore by 2020, from Rs 2,328 crore last year. "We propose to do this both organically and inorganically," she said. "Organically, we will focus on value-added dairy. We will also look at acquisitions that are a strategic fit to our business, giving us access into new markets."It has taken a step in that direction by acquiring Reliance Retail's dairy business, which received a nod from the Competition ... Heritage Foods, an entity founded by Andhra Pradesh chief minister N Chandrababu Naidu, proposes to treble its annual revenue in the next five years as it eyes a larger presence in the organised dairy market. The latter market is estimated at Rs 80,000 crore a year and is seeing Patanjali, Coca-Cola, PepsiCo and ITC entering it, even as the existing ones such as Amul, Mother Dairy and Nestle try to consolidate their presence. N Brahmani, the daughter-in-law of Naidu and executive director of Heritage Food told this newspaper they were aiming at annual revenue in excess of Rs ... image
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