Heritage Foods Limited has approved the amalgamation of its wholly owned subsidiary, Heritage Novandie Foods Limited, with the parent company. This strategic move is intended to simplify operations, integrate businesses, and strengthen the branded dairy platform, particularly the ‘Livo’ yogurt brand. The amalgamation aims to improve efficiency, enable faster decision-making, and support the company’s growth in value-added dairy products, targeting approximately 50% VAP contribution to revenue in three years.
Strategic Amalgamation Approved
Heritage Foods Limited announced today, October 23, 2026, that its Board of Directors has approved the amalgamation of its wholly owned subsidiary, Heritage Novandie Foods Limited, with the parent company. Heritage Novandie Foods is responsible for the company’s yogurt production under the ‘Livo’ brand.
Simplifying Operations and Enhancing Growth
This strategic integration is designed to simplify the group’s structure, improve operational efficiency, and foster a more robust platform for branded dairy growth. By consolidating operations, Heritage Foods aims to enable more effective utilization of financial resources, streamline cash flow management, and reduce duplicative administrative and statutory requirements. The company highlighted that Livo ranks among India’s top five yogurt brands.
Focus on Value-Added Products
The amalgamation is also a key step in strengthening Heritage Foods’ focus on value-added dairy products (VAP). The company noted that VAP, excluding ghee and butter, contributed 35.4% to dairy revenue in Q2 FY27 and 39.6% in H1 FY27. Heritage Foods aims to increase this contribution to approximately 50% over the next three years, shifting towards a more resilient business mix with a greater emphasis on branded, differentiated products.
Management Commentary
Mrs. Brahmani Nara, Executive Director, commented, “Our focus remains on building a stronger, more integrated and future-ready dairy business. The proposed amalgamation of Heritage Novandie Foods is an important step in strengthening our value-added dairy platform, while simplifying the overall structure and enabling greater alignment across the business.” She added that this integration will further strengthen their platform for sustainable growth and enhance operational efficiency.
About Heritage Foods Limited
Heritage Foods Limited is a leading Indian dairy company founded in 1992, committed to providing high-quality, nutritious milk and dairy products. With operations in 13 states, the company offers a wide range of products, including milk, curd, butter, paneer, and other value-added dairy items, all produced with a farm-to-home approach.
Source: BSE
