Heritage Foods, the Indian food manufacturer and retailer, is to acquire Karnataka-based Teja Dairy.
In a stock exchange filing yesterday (23 May), Heritage Foods said its board had agreed to pay INR6m for Teja Dairy, which is based in the town of Sindhanur in the south-western state of Karnataka.
Go deeper with GlobalData
The company said Teja Dairy has a processing capacity of 20,000 litres.
Heritage Foods has dairy operations across ten Indian states. It sells dairy products including milk, cream, butter, cheese, curd and lassi.
Today, Heritage Foods published its financial results for the end of March.
See Also:
In a presentation showing Heritage Foods’ results for the fourth quarter of the year, the company said its revenue from its dairy business grow 14% to INR4.6bn.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe company said sales from “branded, value-added” dairy products rose 24% to INR954m. Packaged curd accounts for over three-quarters of sales of Heritage Foods’ branded value-added dairy lines. Packaged curd sales increased 29%.
