Do away with different rate of GST on SMP, ghee: Chandramogan
R.G. Chandramogan, Chairman, Hatsun Agro Products, has urged the government to do way with the practice of charging different rates of GST on milk fats and skimmed milk powder (SMP), both of which are milk products. Milk is separated into two parts – SMP (skimmed milk powder) and milk fat. While milk fat is taxed…
How Hatsun Agro is growing byte-by-byte
Hatsun Agro Product Ltd has an asset that you can never find in its balance sheet, nor does it find a mention in any of its annual reports. The company has just begun to use it. “Data is Hatsun’s hidden asset,” says R G Chandramogan, Chairman of the ₹6,500-crore dairy products company, the biggest in…
Hatsun Agro sees dip in Q3 profit as input costs rise
India’s Hatsun Agro Product Ltd HAPL.NS, which sells Arun ice cream and Arokya milk, reported a 2.9% fall in quarterly profit on Thursday, hurt mainly by a surge in prices for animal feed and milk procurement. The Chennai-based company said net profit dropped to 464.4 million rupees ($5.71 million) in the quarter ended Dec. 31, from 478.4…
Hatsun Agro reports 12% decline in net profit in Q1
Hatsun Agro Product Ltd, the Chennai-based dairy company, reported a 12 per cent decline in net profit to ₹52 crore in the first quarter ended June 30, 2022 as against ₹59 crore for the same quarter last year. Revenue was up 31 per cent to ₹2,015 crore (₹1,539 crore). For the first time, the company…
Hatsun Agro shuts ’ready-to-eat’ business under the Oyalo brand
Hatsun Agro Product Ltd. (HAPL) announced it was discontinuing its ready-to-eat (RTE) business with immediate effect, citing losses for the last two years primarily due to the pandemic. The RTE range, which comprised pizzas and pastas, were manufactured and sold under the Oyalo brand. The RTE business has been contributing to HAPL’s annual sales of…
Dairy firm Hatsun Agro’s Q3 profit rises 24%, slowest in 3 quarters
India’s Hatsun Agro Product, which sells products under brands such as Arun IceCreams and Arokya Milk, reported its slowest quarterly profit growth in three quarters, hurt by heavy floods in its home state of Tamil Nadu. Last month, cyclone Michaung flooded a large part of the southern Indian state, which is home to 13 of…
Hatsun doesn’t pay minimum wages and forces employees to resign
With a massive turnover of Rs 5,500 crore at the end of the 2021 fiscal, Hatsun Agro Products (HAP), the country’s largest private dairy products company, reported a massive 25% increase in net profit for the second quarter as against the same period in the previous year. Around the time the company planned an additional…
Hatsun earns more in 25 minutes now than its first 10 years total revenue
RG Chandramogan’s Hatsun Agro Product’s rise to be the country’s largest private dairy company is a story of grit and gumption I last met RG Chandramogan, Chairman of Hatsun Agro Product Ltd, in March 2020, just before the pandemic hit and the lockdown happened. I had travelled to Thiruthangal, his home town, in water-starved Virudhunagar…
‘Arokya’ Paneer, a delectable new addition to Hatsun’s portfolio
Hatsun Agro Product Ltd. (HAP), India’s leading private sector dairy company, has introduced ‘Arokya’ Paneer, a delectable new addition to its wide dairy product portfolio. ‘Arokya’ Paneer is made using fresh milk sourced directly from farmers and natural lemon. The product will suit consumers who prefer superior quality products that are made in a world-class…
Hatsun dairy begins commercial production at Solapur Maharashtra
Hatsun Agro Product has announced commercial production at its newly set up modern greenfield dairy processing plant in Solapur, Maharashtra. The plant is the 19 manufacturing location for HAP that has a network of plants in four states of Tamil Nadu, AP, Telangana and Karnataka. The fully automated dairy plant, one of the technologically superior…