Mumbai, Jan. 29 -- Revenue from operations increased to Rs 11,192 crore during the period under review, up 8% YoY.

EBITDA declined by 15% to Rs 629 crore in Q3 FY26 from Rs 741 crore in Q3 FY25. EBITDA margin for Q3 FY26 was 5.6% as against 7.2% in Q3 FY25.

Profit before tax stood at Rs 464 crore in Q3 FY26, down by 21% from Rs 588 crore recorded in Q3 FY25.

Brahmani Nara - Executive Director, said: "Q3 FY26 was characterised by an exceptionally tight industry supply environment, marked by milk shortages, elevated procurement costs, and heightened competitive intensity.

Despite these challenges, Heritage Foods delivered 8% topline growth, supported by strong execution, disciplined cost management, and sustained momentum in our value-a...