Heritage Foods declares 40% dividend

Hyderabad: The Board of city-based Heritage Foods has approved 40 per cent dividend for financial year FY19 i.e. Rs 2 per share on a face value of Rs 5 per share during its 27th AGM Brahmani Nara, company's Executive Director, said, "We remain committed to our strategic blueprint to increase our current procurement of 19.6 lakh litres of milk per day to 25 lakh litres of milk per day and procurement from 6 lakh farmers and serving 30 lakh households by 2024.

We are delighted that FY19 marked another outstanding year in delivering stakeholder value.

We have been increasing our product penetration through increasing our distribution & retail outlets, focusing on product diversification as well as process improvements, she added.