This was my stance 9 months back, and this will be my stance till the company keeps delivering results. Dairy is extremely fragmented sector in India coupled with being heavily underpenetrated. Being a milk surplus nation, the entire sector (not just heritage) has good long term prospects. Important to note that the dairy industry is supply pushed rather than demand pulled. Heritage is one of the few which owns the entire supply chain unlike many cos who just do contract manufacturing and label them due to which they’d never have any inventory related shortages
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