Heritage Foods shines on foraying into ‘ready to eat’ segment

Heritage Foods is currently trading at Rs. 429.00, up by 28.70 points or 7.17% from its previous closing of Rs. 400.30 on the BSE.

The scrip opened at Rs. 402.05 and has touched a high and low of Rs. 433.90 and Rs. 401.00 respectively. So far 65303 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 452.90 on 09-Jun-2021 and a 52 week low of Rs. 242.00 on 16-Jul-2020.

Last one week high and low of the scrip stood at Rs. 433.90 and Rs. 395.00 respectively. The current market cap of the company is Rs. 1964.49 crore.

The promoters holding in the company stood at 39.90%, while Institutions and Non-Institutions held 17.30% and 42.80% respectively.

Heritage Foods has forayed into the healthy ready to eat (RTE) segment with the launch of Heritage Tikka Paneer. Heritage Tikka Paneer comes with pre-marinated Paneer, mixed with curd (both produced at Heritage’s manufacturing facilities), and a right blend masala, and all it takes to be ready to eat is 30- 60 seconds heating up either in an oven or a microwave. The product promises to satiate the taste buds along with nourishing the nutrition quotient for all age groups.

Heritage Tikka Paneer will be the time saviour, bringing a convenience for the working urban population which can be creatively used for multiple delicious and nutritious cuisines. Heritage Tikka Paneer is available with microwavable trays with simple and easy to understand instructions for use.

Heritage Foods (India) operates three divisions namely Dairy, Retail and Agri. Presently, Heritage’s milk products have market presence in Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Maharastra and has retail stores across Bangalore, Chennai and Hyderabad.