Heritage Foods

What Heritage Foods does

Heritage Foods Limited is a publicly listed Indian dairy and food products company headquartered in Jubilee Hills, Hyderabad, founded in 1992 by Nara Bhuvaneswari. The company operates one of India's largest organized dairy businesses, sourcing raw milk from approximately 3,00,000 farmers across nine states and processing it through plants spanning 16 states, supported by 190 bulk coolers and chilling centres. Heritage sells a comprehensive dairy portfolio — multiple milk variants (Sampurna, Gold, Super Gold, A2, Organic, Cow, Buffalo, Toned), curd, lassi, buttermilk, paneer, ghee, butter, cheese, traditional sweets, whey drinks, and the Alpenvie premium ice cream brand — reaching more than 10 million daily consumers via 180,000+ retail outlets and 850+ franchise Heritage Parlours.

The revenue model is overwhelmingly transaction-based: unit-priced dairy and food product sales across mass-market and premium tiers, distributed through general trade, modern trade, e-commerce (BigBasket, Amazon), and the proprietary Heritage TUCH mobile app. Heritage generates additional revenue from its wholly-owned Heritage Nutrivet animal-nutrition subsidiary (₹2,454 million in FY26, up 33% YoY), the Heritage Novandie joint venture, and the recently acquired 51% stake in Peanut Butter and Jelly (Get-A-Way health-focused ice cream brand, acquired October 2025 for ₹9 crore). FY26 consolidated revenue reached ₹4,526 crore (approximately US$540M) with 18% YoY growth in value-added products.

The technology base is rooted in dairy processing and cold-chain infrastructure rather than software or AI: state-of-the-art processing plants, an automated 24 million-liter/year ice cream facility at Shamirpet, and a 25-test quality protocol monitored by 500+ professionals. Distribution and procurement — not software — are the core competitive assets, complemented by sub-brands (Alpenvie, LIVO, Heritage Parlour) and emerging digital channels (Heritage TUCH app, BigBasket, Amazon).

Name

Heritage Foods

Legal name

Heritage Foods Limited

Website

https://heritagefoods.in

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Heritage Foods Limited is a publicly listed Indian dairy and food products company, founded 1992 and headquartered in Hyderabad, that sources from ~3,00,000 farmers across 9 states and serves 10 million+ daily consumers in 16 states through 180,000+ retail outlets and 850+ franchise Heritage Parlours.

Ownership category

akta.pro rank

Product category

Dairy Products

NAICS

Dairy Product Manufacturing (3115), Ice Cream and Frozen Dessert Manufacturing (311520)

SIC

Dairy Products (2020), Ice Cream & Frozen Desserts (2024)

akta.pro primary industry

Yogurt & Cultured Dairy (Yogurt, Kefir, Sour Cream, Cottage Cheese) (CRADACAB)

akta.pro secondary industry

International & Ethnic Packaged Foods (CRADAAAG)

Keywords

• Dairy products
• Milk processing
• Ice cream manufacturing
• Value-added dairy
• Dairy retail

Headquarters

HQ city

Hyderabad

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Dairy Products Sales: Revenue from wide range of dairy products including milk variants (toned, full cream, cow, buffalo, A2, fortified), curd, paneer, ghee, butter, cheese, and fresh cream. Core business generating majority of revenue with operations across 16 states.
2. Ice Cream and Frozen Desserts: Alpenvie premium ice cream range (tubs, bars, kulfi) and frozen dessert cones. New Hyderabad plant commencing commercial production to boost ice cream segment.
3. Value-Added Dairy Products: Premium and functional products including LIVO flavored milk, yogurt, probiotic curd, milkshakes, creamy shakes, sweets (doodh peda, milk cake, gulab jamun, rasagulla), and immunity milk variants
4. Health-Focused Desserts: Revenue from Get-A-Way health-focused ice cream and dessert brand acquired through 51% stake in Peanut Butter and Jelly Pvt Ltd

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels5 records

Core offering

Heritage Foods is an Indian dairy manufacturer and supplier that produces and distributes a comprehensive range of milk variants, curd, paneer, ghee, butter, cheese, ice cream, flavored milk, yogurt, traditional sweets, and value-added dairy products under brands including Heritage, Alpenvie, LIVO, and Get-A-Way. The company procures milk from nearly 3 lakh farmers across 9 states and distributes finished products through 850+ franchise parlours, 180,000+ retail outlets, and e-commerce platforms across 16 Indian states.

Product overview

Heritage Foods is a leading Indian dairy company founded in 1992, operating as a diversified dairy and food products portfolio. The company offers a comprehensive range of dairy products including multiple milk variants (Sampurna, Gold, Super Gold, Organic, A2, Cow, Buffalo), curd (Total Curd, Probiotic Curd), lassi, buttermilk, milkshakes, paneer, ghee, butter, cheese, fresh cream, flavored milk (LIVO), yogurt, whey drinks, ice creams (Alpenvie), and traditional Indian sweets. The portfolio also includes acquired health-focused brand Get-A-Way and operates through subsidiaries Heritage Nutrivet Limited, Heritage Novandie Foods Limited, and Peanutbutter and Jelly Limited. Products are available via the Heritage TUCH mobile app for doorstep delivery.

Differentiator

Problem solved

Functional benefit

Brands

• Alpenvie: Premium ice cream brand offering bars, tubs, and kulfi variants made with pure cow's milk
• Get-A-Way
• LIVO
• Heritage Parlour

Products and services

• Heritage Pure Milk (Sampurna Milk)

Quantifiable outcome

• Value-added products revenue grew 18% YoY in Q4 FY26
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Peanut Butter and Jelly Private Limited (Get-A-Way)coreStrategic or Co-development Partner · 26 October 2025Heritage Foods acquired 51% stake in Peanut Butter and Jelly Private Limited, owner of Get-A-Way, an Indian health-focused dessert brand producing high-protein, no-added-sugar ice creams and desserts. Original promoters retain 49% with Heritage holding option to purchase additional 20% by March 2026. Deal valued at ₹9 crore through secondary buyouts, marking Heritage's entry into super-premium functional dessert market.
• 3 Lakh Dairy FarmerscoreStrategic or Co-development PartnerHeritage Foods partners with nearly 3 lakh dairy farmers across nine Indian states, providing veterinary care, training, digital tools, and financial support alongside prompt payment and fair pricing practices.
• Indapur Dairy and Milk Products LimitedminorChannel Partner/ Reseller/ DistributorContract manufacturing arrangement for paneer, cheese, and milk products. Heritage Foods clarified that Indapur Dairy is an independent private company and not a unit of Heritage Foods. Company has never contracted with Indapur Dairy for ghee manufacture or supply.

Scale indicators14 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Parag Milk Foods: Listed Indian dairy company behind Go Cheese, Pride of Cows, and Slurrp Farm. Comparable to Heritage on value-added and premium dairy focus, though based in Maharashtra rather than the southern states.
• Hatsun Agro Product: Chennai-based listed Indian dairy and ice cream company (Arun Ice Creams, Hatsun Milk, Arokya Milk). Closest direct peer to Heritage in scale, southern-India footprint, and dairy-plus-ice cream portfolio mix.
• Vadilal Industries: Ahmedabad-based Indian ice cream and frozen desserts manufacturer with branded retail presence. Most direct peer to Heritage's Alpenvie and Get-A-Way ice cream businesses across tubs, bars, cones, and kulfi.
• Dodla Dairy: Hyderabad-headquartered listed Indian dairy processor with milk, curd, ghee, butter, and ice cream. Highly comparable to Heritage on geography, product breadth, farmer-supplier model, and revenue scale (~₹2,500 crore revenue).

Broad incumbents

• Amul (GCMMF): Gujarat Cooperative Milk Marketing Federation, India's largest dairy cooperative with national reach across milk, butter, cheese, ice cream, and sweets. Sets the price and quality benchmark Heritage must compete against across most categories.
• ITC Limited: Indian conglomerate with a growing dairy and fresh-products business (Aashirvaad, Sunfeast Dairy Whitener, ITC Master Chef). Adjacent incumbent whose dairy-foray investments overlap with Heritage's value-added and ambient categories.
• Britannia Industries: Leading Indian FMCG and bakery company with a sizable dairy adjacency (cheese, milk-based beverages, dahi). Comparable to Heritage in mass-market branded dairy and distribution, though Heritage is a pure-play dairy while Britannia is broader.
• Nestlé India: Indian subsidiary of Nestlé S.A., with a large dairy and nutrition portfolio (Milkmaid, a+ milk, yogurt, infant nutrition). Adjacent incumbent for Heritage's flavoured milk, yogurt, and value-added dairy categories.
• Mother Dairy: Delhi-NCR headquartered dairy and edible oils major (NDDB-promoted). Competes directly with Heritage in packaged milk, curd, paneer, ghee, and ice cream across north India and increasingly in other regions.

Regional players

• Nandini (Karnataka Milk Federation): Karnataka state dairy cooperative with strong South India presence in milk, curd, ghee, and sweets. Comparable regional cooperative competitor to Heritage in Karnataka and adjacent southern markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/hfltd
• YouTubeyoutube.com/channel/UCPH0y1j4tFk5HJFhIknehow
• Facebookfacebook.com/heritagefoodslimited
• LinkedInlinkedin.com/company/hfltd
• Instagraminstagram.com/heritagefoodslimited

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Heritage Foods