New Delhi, September 18: Heritage Foods Limited’s share price is witnessing a significant rally today, on September 18, after the company announced a price reduction for many of its dairy products. As of 1:35 PM, the shares were up by 7.86%, or 38.35 points, and were trading at ₹526.45. Until now, the shares have traded within a range of ₹540.00 and ₹496.15. The current traded volume stands at 71.10 lakh shares, with the market cap at ₹4,529 crore. The shares have their 52-week high at ₹659.00 (October 22, 2024), and 52-week low at ₹352.10 (April 7, 2025).
Heritage Foods Limited is an Indian company that is engaged in the dairy and food processing industry. The company was founded in 1992 by Nara Chandrababu Naidu and has its headquarters in Hyderabad, Telangana, India. The shares of the company are listed on NSE with the ticker symbol HERITGFOOD and on BSE with the code 519552.
Company Reducing its Dairy Product Prices
The key trigger for the rise in the share price is the announcement by the company that it has reduced the prices for most of its dairy products. The company made the decision after the Indian government announced GST reforms and lowered the GST burden on dairy products. The new GST rates will be applicable from September 22, along with the company’s new dairy prices.
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The company has slashed the price of UTH milk by ₹3 per litre, ghee and butter by ₹50 per litre/kg, cheese by ₹50 per kg, paneer by ₹25 per kg, and ice cream by ₹35 for 950 ml packs and ₹20 for 700 ml packs.
The company said the move of reduced prices is a “consumer-first” initiative. It is aimed at making dairy products more affordable before the upcoming festive season.
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