Hatsun Agro acquires Milk Mantra dairy
Hatsun Agro Product Limited (HAP), a dairy product manufacturer, has announced the acquisition of 100% of the share capital of Milk Mantra for Rs 233 crore ($27.5 million). This acquisition aims to strengthen HAP’s presence in the Eastern India dairy market, particularly in Odisha, where Milk Mantra’s brand, ‘Milky Moo’, has established a strong foothold, […]
Parag Milk Foods and Heritage Foods Shine in Q1 FY 25
Parag Milk Foods Parag Milk Foods has shown a steady increase in performance in June 2024. Net sales for the quarter reached Rs. 757.93 crore, marking a 1.11% rise from Rs. 749.59 crore in June 2023. The company’s quarterly net profit saw a significant increase, climbing 27.47% to Rs. 27.30 crore from Rs. 21.42 crore […]
Hatsun Agro India’s most state-of-the-art Ice Cream Plant
Normal “toned” milk contains 11.5% total solids: 3% fat and 8.5% SNF or solids-not-fat, while it is 15% (6% fat and 9% SNF) for full-cream milk. The total milk solids are even higher, at 21% (10% fat and 11% SNF) for real ice-cream. That makes ice-cream nothing but concentrated milk, which children don’t have to […]
Hatsun Agro Dairy firm’s stock gains over 5% after net profit surges 63% in Q1
Hatsun Agro shares are trading over 5% higher on Tuesday, July 16, after the company reported a 62.9% increase in net profit at ₹130.5 crore for the first quarter that ended June 30, 2024. In the corresponding quarter, Hatsun Agro Products posted a net profit of ₹80.1 crore, the company said in a regulatory filing. […]
Hatsun Agro Products -Highest gross margin in 10 quarters!
Hatsun Agro Products Ltd in March quarter clocked the highest gross margin in 10 quarters. If one goes by ICICI Securities, there is scope for further margin expansion in FY25, thanks to lower milk procurement prices; higher revenue share of ice cream, accumulation of low priced inventory and improved capacity utilisation at Solapur and Govindapur […]
R.G. Chandramogan,The visionary founder behind Hatsun Agro
In entrepreneurial success stories, few tales are as inspiring and remarkable as that of R.G. Chandramogan, the visionary behind Hatsun Agro. Starting with a modest investment of Rs 13,000, Chandramogan transformed his ice cream business into a mammoth enterprise, now standing tall as India’s largest private-sector dairy company with annual revenue of Rs 8,000 crore. […]
Hatsun Agro reports a 16% drop in Q4 net profit, revenue up 10%
Hatsun Agro Products Ltd , a leading Chennai-based dairy company, reported a 16 per cent drop in net profit to ₹25 crore for the fourth quarter ended March 31, 2023 as against ₹30 crore for the corresponding quarter previous year. Revenue was up 10 per cent to ₹1,791 crore (₹1,627 crore). Cost of materials consumed […]
Early signs of emerging stability in milk prices
Global SMP prices have corrected 35% YoY in Feb’23. Even after adjusting for benefits of INR depreciation, we believe the profitability in SMP exports is very weak. Lower SMP exports will likely reduce the mismatch between demand and supply of milk in India. Though the cattle feed prices are still in inflationary zone, we model […]
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 […]