Nara Bhuvaneshwari Gains ₹79 Crore in One Day from Heritage Foods

Shares of **Heritage Foods Limited** experienced a significant surge, rising over 7% to ₹493.25, resulting in a remarkable one-day gain of approximately **₹79 crore** for **Nara Bhuvaneshwari**, the wife of Andhra Pradesh Chief Minister **Chandrababu Naidu**. This financial windfall occurred following the company’s announcement of its net profit for the April to June quarter, which was reported at **₹40.5 crore**. This figure represents a **30.7% decline** compared to the **₹58.4 crore** recorded in the same period the previous year.

Details of the Financial Boost

Nara Bhuvaneshwari holds a substantial stake in Heritage Foods, owning **2.26 crore shares**, which equates to **24.37%** of the company. This ownership has proven lucrative, particularly given the recent stock performance. After the profit announcement, the stock saw a decline of **3.17%** on the **National Stock Exchange (NSE)**, settling at **₹463.65** after reaching an intra-day low of **₹455.85**.

The recent gains come at a time when the board of Heritage Foods has also approved the acquisition of an additional **44.4% stake** in **Heritage Nutrivet (HNFPL)**. Once completed, this transaction will increase the company’s total stake in HNFPL to **94.4%**, granting it greater control over the yogurt supply chain.

Market Reactions and Future Outlook

Despite the decline following the earnings release, **Brahmani Nara**, Executive Director of Heritage Foods, commented on the company’s outlook. She noted that unseasonal rains in April and May had temporarily impacted demand for value-added products, which in turn affected profitability. Yet, she expressed optimism, stating that June saw a robust recovery in sales, and the company remains confident about its long-term growth trajectory.

Nara Bhuvaneshwari is not only a prominent business figure but also the daughter of **NT Rama Rao**, a celebrated figure in Telugu cinema and the founder of the **Telugu Desam Party (TDP)**. Her family’s involvement in Heritage Foods reflects a blend of political influence and business acumen, highlighting the interconnectedness of industry and governance in the region.

As Heritage Foods continues to navigate the challenges of the market, stakeholders will be keenly observing how these strategic moves impact both the company’s performance and the financial standing of its key figures.