India, Oct. 23 -- Heritage Foods Limited has approved the amalgamation of its wholly owned subsidiary, Heritage Novandie Foods Limited, which operates the Livo yogurt business, with the parent company to strengthen its value-added dairy platform and improve operational efficiency.
The integration is expected to support Livo's growth through better alignment with Heritage Foods' branding, consumer reach and distribution network.
The company's value-added products (VAP) contribution to dairy revenue, excluding ghee and butter, rose to 35.4% in Q2 FY27 and 39.6% in H1 FY27, compared with 31.3% and 33.7%, respectively, in the corresponding periods last year. Heritage Foods aims to increase the VAP contribution to approximately 50% over the ne...