- POSITIVE
Quarterly Revenue Hatsun Agro Products Sep-2026 Quarterly Revenue is Rs 2,902 Cr which is growth of 21.7% YoY.
- NEGATIVE
Quarterly Net Profit Hatsun Agro Products Sep-2026 Quarterly Net Profit is Rs 116 Cr which is growth of -4.1% YoY.
NSE: HATSUN | BSE: 531531
Hatsun Agro Products Live Share Price Today, Share Analysis and Chart
aboutHatsun Agro Product Limited (HAP) is a prominent private-sector dairy company in India, primarily engaged in the manufacture and marketing of milk and milk products. The company operates a fully integrated business model, sourcing milk directly from ... Read More
1032.8036.50(3.66%)
38,397
NSE+BSE Volume
NSE 03 Nov, 2026 3:31 PM (IST)
Mid-range PerformerThese stocks have strong quality. Their reasonable financials and technicals make them potentially attractive to investorsView SimilarEmbed DVM
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Hatsun Agro Products Stock Price Analysis
Day Price Range3.7% 1 Day return | 1032.8 (LTP) 9971,047.8 LowHigh |
|---|---|
Week Price Range5.0% 1 Week return | 1032.8 (LTP) 958.41,084 LowHigh |
Month Price Range-7.6% 1 Month return | 1032.8 (LTP) 958.41,196.9 LowHigh |
52 Week Price Range-6.6% 1 Year return | 1032.8 (LTP) 855.31,349.7 LowHigh |
Hatsun Agro Products Forecaster - Analyst Share Price Target and Estimates
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EPS forecast
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Consensus Recommendation
2 ANALYST Recommendations
SELL
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Documents
Hatsun Agro Products quarterly results: revenue, profit, and P&L – 13 quarter history
Nested row level
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Reporting Type
Standalone
Cell Data
Actual
Table Settings
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| Indicator | Graph | Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,902.5 | 3,093.4 | 2,580.2 | 2,317.1 | 2,385.4 | 2,538.2 | 2,218.8 | 2,012 | 2,078.7 | 2,377.2 | 2,049 | 1,891.6 | 1,919.5 | ||
Operating Exp. | 2,566.2 | 2,739.8 | 2,342.3 | 2,057.5 | 2,050.2 | 2,164.6 | 1,982.3 | 1,795.5 | 1,831 | 2,044.8 | 1,817.3 | 1,674.8 | 1,686.6 | |
Operating Profit | 331.4 | 350.7 | 235.3 | 257.1 | 331.1 | 370.3 | 228 | 214.2 | 241.1 | 330.3 | 229.6 | 212.7 | 218.8 | |
Operating Profit Margin % | 11.44% | 11.35% | 9.13% | 11.11% | 13.90% | 14.61% | 10.32% | 10.66% | 11.64% | 13.91% | 11.22% | 11.27% | 11.48% | |
Depr. | 152.8 | 151.3 | 145.8 | 138.8 | 135.7 | 129 | 121.4 | 117.3 | 115.6 | 111 | 110.9 | 101.6 | 99.5 | |
Interest | 31 | 31.6 | 32.3 | 33.1 | 37.5 | 43.3 | 47.7 | 43.5 | 44.7 | 45.9 | 50 | 38.5 | 32.2 | |
Profit Before Tax | 152.5 | 170.7 | 59.8 | 87.7 | 162 | 201.3 | 67.4 | 55.7 | 87.5 | 175.6 | 70.9 | 76.7 | 101.3 | |
Tax | 36.8 | 37 | 8.9 | 20.6 | 41.4 | 53.2 | 17.8 | 14.7 | 23.2 | 45 | 18.7 | 19.3 | 23.7 | |
Net Profit | 115.7 | 133.7 | 50.9 | 67.1 | 120.6 | 148.1 | 49.6 | 40.9 | 64.3 | 130.5 | 52.2 | 57.4 | 77.6 | |
EPS Adj. latest | 5.2 | 6 | 2.3 | 3 | 5.4 | 6.7 | 2.2 | 1.8 | 2.9 | 5.9 | 2.3 | 2.6 | 3.5 | |
Net profit TTM | 367.4 | 372.3 | 386.7 | 385.4 | 359.2 | 303 | 285.4 | 288 | 304.4 | 317.7 | 267.3 | 240.1 | 229.2 | |
Basic EPS TTM | 16.5 | 16.7 | 17.4 | 17.3 | 16.1 | 13.6 | 12.8 | 12.9 | 13.7 | 14.3 | 12 | 10.8 | 10.3 | |
Earnings Transcripts | ||||||||||||||
AI Summary | ||||||||||||||
Results PDF | ||||||||||||||
Result Notes |
*All financials are in INR Cr and price data in INR
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Hatsun Agro Products Technical Analysis
Hatsun Agro Products EMA & SMA
Bearish-2
3 bullish, 5 bearish
Bullish3
Bearish5
| 5 Day | 1011.8 |
|---|---|
| 10 Day | 1026.7 |
| 12 Day | 1034.1 |
| 20 Day | 1058.0 |
| 26 Day | 1068.4 |
|---|---|
| 50 Day | 1072.3 |
| 100 Day | 1041.8 |
| 200 Day | 1006.4 |
Hatsun Agro Products Delivery And Volume
Daily Avg. Delivery Volume %
03 Nov, 202653.4%
Week61.0%
Month52.6%
Hatsun Agro Products Active Candlesticks
Belt Hold Uptrend Inside Uptrend
Legend
Positive IndicatorNeutral IndicatorNegative Indicator
Hatsun Agro Products Resistance and Support
1025.88
Pivot
| First Resistance | 1054.8 |
|---|---|
| Second Resistance | 1076.7 |
| Third Resistance | 1105.6 |
| First Support | 1003.9 |
|---|---|
| Second Support | 975.0 |
| Third Support | 953.1 |
| Day RSI | 43.7 |
|---|---|
| Day MACD | -34.3 |
| Day MFI | 24 |
| Day MACD Signal Line | -25.9 |
Hatsun Agro Products Beta
| 1 Month | 1.6 |
|---|---|
| 1 Year | 0.6 |
| 3 Month | 0.6 |
|---|---|
| 3 Year | 0.6 |
Hatsun Agro Products Price Change Analysis
↓-7.6%
Over 1 Month
LowHigh
958.41196.9
↑16.7%
Over 3 Months
LowHigh
8771349.7
↑7.2%
Over 6 Months
LowHigh
864.51349.7
↓-6.6%
Over 1 Year
LowHigh
855.31349.7
Hatsun Agro Products Deals - Insider, Bulk, Block and SAST
| Client Name | Deal Type | Action | Date | Avg. Price | Quantity | Exchange |
|---|---|---|---|---|---|---|
| RAJU KIRTI SHAH | Block | Sell | 01 Sep 2026 | 1192 | 440,751 | NSE |
| RAVI KIRTI SHAH | Block | Sell | 01 Sep 2026 | 1192 | 384,249 | NSE |
| CHANDRAMOGAN R G | Block | Purchase | 01 Sep 2026 | 1192 | 825,000 | NSE |
| V V V AND SONS EDIBLE OILS LTD | Bulk | Sell | 09 Aug 2024 | 1227.27 | 1,337,000 | NSE |
| MALABAR VALUE FUND - AIF | Block | Sell | 05 Mar 2024 | 1129.55 | 100,162 | NSE |
| CHANDRAMOGAN R G | Block | Purchase | 05 Mar 2024 | 1129.55 | 100,162 | NSE |
| RAJA GANESAN CHANDRAMOGAN | Bulk | Sell | 06 Sep 2022 | 987.80 | 2,720,000 | BSE |
| RAJA GANESAN CHANDRAMOGAN | Block | Sell | 06 Sep 2022 | 987.80 | 1,520,000 | BSE |
| RAJA GANESAN CHANDRAMOGAN | Block | Sell | 06 Sep 2022 | 987.80 | 1,200,000 | BSE |
| SBI MUTUAL FUND | Block | Purchase | 06 Sep 2022 | 987.80 | 1,520,000 | BSE |
Hatsun Agro Products Corporate Actions
Hatsun Agro Products Dividend history and yield
Hatsun Agro Products dividend yields, including actual and adjusted, and dividend history, including announcement, record, and ex-dividend dates. Track Hatsun Agro Products dividend yield over time.
#Ex-Date | Dividend Amount | Dividend Type | Record Date | Instrument Type |
|---|---|---|---|---|
126 May 2026 | 10 | INTERIM | 26 May 2026 | Equity Share |
224 Jul 2025 | 6 | INTERIM | 24 Jul 2025 | Equity Share |
324 Jul 2024 | 6 | INTERIM | 24 Jul 2024 | Equity Share |
427 Jul 2023 | 6 | INTERIM | 27 Jul 2023 | Equity Share |
526 Jul 2022 | 6 | INTERIM | 27 Jul 2022 | Equity Share |
Hatsun Agro Products Bonus shares
Hatsun Agro Products bonus history along with announcement, record, ex-bonus dates, and bonus ratios.
#Ex-Date | Bonus Ratio | Record Date |
|---|---|---|
109 Dec 2020 | 1:3 | 10 Dec 2020 |
213 Jul 2016 | 2:5 | 14 Jul 2016 |
326 Mar 2012 | 1:2 | 27 Mar 2012 |
Hatsun Agro Products Board Meetings
Hatsun Agro Products past and upcoming board meetings.
#Ex-Date | Purpose | Notes |
|---|---|---|
122 Oct 2026 | Quarterly Results | - |
221 Jul 2026 | Quarterly Results & A.G.M. | - |
319 May 2026 | Audited Results & Interim Dividend | - |
419 Jan 2026 | Quarterly Results & Others | To consider other business matters. |
527 Oct 2025 | Quarterly Results | - |
Hatsun Agro Products Stock Split
Hatsun Agro Products stock split details, including announcement, record, and ex-split dates, along with the split ratios
#Ex-Date | Old FV | New FV | Record Date |
|---|---|---|---|
103 Oct 2011 | 2 | 1 | 04 Oct 2011 |
217 Jul 2008 | 10 | 2 | 24 Jul 2008 |
Hatsun Agro Products Rights issue
Hatsun Agro Products rights issue history, along with record, ex-rights dates, and rights ratios.
#Ex-Date | Ratio | Face Value | Premium | Record Date |
|---|---|---|---|---|
107 Dec 2022 | 1.0:30.0 | 1 | 418 | 08 Dec 2022 |
231 May 2018 | 1.0:16.0 | 1 | 554 | 01 Jun 2018 |
Hatsun Agro Products Research Reports
Hatsun Agro Products research reports with share price targets, and buy/hold/sell recommendations from top brokers.
# Date | Broker Name | Target | Price When Recommended | Type | Upside | Change Since Recommendation | Links |
|---|---|---|---|---|---|---|---|
| 102 Dec 2024 | ICICI Securities Limited | 1250 | 1103.8 | Buy | 13.25% | -6.43% | |
| 204 Nov 2024 | ICICI Securities Limited | 1250 | 1068.1 | Buy | 17.03% | -3.3% | |
| 315 Jul 2024 | ICICI Securities Limited Target | 1400 | 1234.45 | Buy | 13.41% | -16.34% | |
| 422 Apr 2024 | ICICI Securities Limited Reco Target | 1190 | 1116.4 | Buy | 6.59% | -7.49% | |
| 519 Oct 2023 | ICICI Securities Limited Target | 1160 | 1139.35 | Hold | 1.81% | -9.35% |
Hatsun Agro Products Corporate Filings
Hatsun Agro Products BSE corporate filings and AGM, press releases, insider trading & SAST, results and corporate actions.
| Date | Announcement Title | Details | Links |
|---|---|---|---|
| 22 Oct 2026 | Q2FY27 Quarterly Result Announced for Hatsun Agro Products Ltd. | Packaged Foods company Hatsun Agro Products announced Q2FY27 results Financial Highlights: Total income: For Q2FY27, the standalone total income reached Rs 2,902.49 crore, showcasing a QoQ decrease of 6.17% from Rs 3,093.38 crore in Q1FY27 and a YoY growth of 19.35% from Rs 2,431.85 crore in Q2FY26. For H1FY27, the total income stood at Rs 5,995.87 crore, reporting a YoY increase of 19.30% compared to Rs 5,026. 05 crore in H1FY25. Revenue from operations: Revenue from operations for Q2FY27 was Rs 2, 897.64 crore, dropping by 6.24% QoQ from Rs 3,090.49 crore in Q1FY27 but rising by 19.36% YoY against Rs 2,427.59 crore in Q2FY26. During H1FY27, revenue from operations arrived at Rs 5,988.13 crore, recording a 19.34% growth YoY from Rs 5,017.87 crore in H1FY25. Profit before tax (PBT): For Q2FY27, PBT stood at Rs 152.50 crore, marking a QoQ contraction of 10.65% against Rs 170.68 crore in Q1FY27 and a YoY increase of 3.37% from Rs 147.53 crore in Q2FY26. Over H1FY27, PBT was Rs 323.18 crore, showing a slight YoY decrease of 2.59% from Rs 331.77 crore in H1FY25. Profit after tax (PAT): PAT for Q2FY27 reached Rs 115.69 crore, displaying a QoQ drop of 13.46% from Rs 133.69 crore in Q1FY27 and a YoY growth of 5.61% above Rs 109.54 crore in Q2FY26. During H1FY27, PAT was recorded at Rs 249.38 crore, reflecting a YoY growth of 1.90% from Rs 244.73 crore in H1FY25. Earnings per equity share (EPS): Basic and diluted EPS for Q2FY27 stood at Rs 5.19, a decline of 13.50% QoQ from Rs 6.00 in Q1FY27 but an expansion of 5.49% YoY from Rs 4.92 in Q2FY26. For H1FY27, both basic and diluted EPS came in at Rs 11.19, an increase of 1.82% YoY compared to Rs 10.99 in H1FY25. Business Highlights: Amalgamation and Restatement: The National Company Law Tribunal sanctioned a Scheme of Amalgamation to merge the wholly owned subsidiary, Milk Mantra Dairy Private Limited, into Hatsun Agro Product Limited with an appointed date of April 01, 2025. Financial figures for the comparative quarter and half year ended September 30, 2025, have been restated to give effect to this merger. Dividend Distribution: During H1FY27, the company declared and paid its first interim dividend for the financial year 2026-27 at Rs 10 per equity share of Re 1 each (1000%) on 22,27,48,268 fully paid-up equity shares, totaling Rs 222.75 crore. Result PDF | |
| 22 Oct 2026 | Hatsun Agro Product Ltd - 531531 - Announcement under Regulation 30 (LODR)-Press Release / Media Release | Press Release about Unaudited Financial Results for the quarter and half year ended 30th September, 2026 | |
| 22 Oct 2026 | Hatsun Agro Product Ltd - 531531 - Financial Results For The Quarter And Half Year Ended 30Th September, 2026 | Financial Results for the quarter and half year ended 30th September, 2026 | |
| 22 Oct 2026 | Hatsun Agro Product Ltd - 531531 - Board Meeting Outcome for Outcome Of Board Meeting Held On 22Nd October, 2026 | Outcome of Board Meeting held on 22nd October, 2026 | |
| 14 Oct 2026 | Hatsun Agro Product Ltd - 531531 - Board Meeting Intimation for Considering And Approving The Unaudited Financial Results Of The Company For The Quarter And Half Year Ended 30Th September, 2026 | Hatsun Agro Product Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/10/2026 ,inter alia, to consider and approve the unaudited financial results for the quarter and half year ended 30th September, 2026 |
Hatsun Agro Products Documents
Hatsun Agro Products Earnings Call
Hatsun Agro Products earnings calls, including management commentary and AI-generated summaries.
| Date | Title | Links |
|---|---|---|
| 08 Sep 2025 | Hatsun Agro Product Ltd - 531531 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript | Ai summaryLink |
| 26 Aug 2025 | Hatsun Agro Product Ltd - 531531 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript | Ai summaryLink |
| 26 Apr 2024 | HATSUN AGRO PRODUCT LTD. - 531531 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript | Ai summaryLink |
| 26 Apr 2024 | HATSUN AGRO PRODUCT LTD. - 531531 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript | Link |
| 05 Apr 2024 | HATSUN AGRO PRODUCT LTD. - 531531 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript | Link |
Hatsun Agro Products Annual Reports
Hatsun Agro Products financials, including annual results, balance sheets, and cash flow statements.
Hatsun Agro Products Credit Ratings
Hatsun Agro Products credit ratings from CRISIL and leading rating agencies, assessing financial stability, investment grade, and related PDF documentation.
| Date | Rating Agency | Company Name | Description | Links |
|---|---|---|---|---|
| 13 Jan 2026 | crisil ratings | Hatsun Agro Product Limited | Hatsun Agro Product Limited:Rating upgraded to 'Crisil AA/Stable' | Link |
| 26 Nov 2025 | crisil ratings | Hatsun Agro Product Limited | Hatsun Agro Product Limited:Update on Hatsun Agro Product Limited | Link |
| 29 Jun 2025 | crisil ratings | Hatsun Agro Product Limited | Hatsun Agro Product Limited:Rating outlook revised to 'Positive'; Rating Reaffirmed | Link |
| 11 Nov 2024 | crisil ratings | Hatsun Agro Product Limited | Hatsun Agro Product Limited:Update on Hatsun Agro Product Limited | Link |
| 04 Apr 2024 | crisil ratings | Hatsun Agro Product Limited | Hatsun Agro Product Limited:Rating reaffirmed at 'CRISIL AA-/Stable'; Rated amount enhanced for Bank Debt | Link |
Hatsun Agro Products - Company Profile
Hatsun Agro Products Management Structure
Hatsun Agro Products management structure with salaries, total experience, and qualifications.
Hatsun Agro Products Board of Directors
Hatsun Agro Products Board of directors with salaries, total experience, and qualifications.
Website: www.hap.in
About the company - Business Profile
Hatsun Agro Product Limited (HAP) is a prominent private-sector dairy company in India, primarily engaged in the manufacture and marketing of milk and milk products. The company operates a fully integrated business model, sourcing milk directly from a network of over 4,00,000 farmers. Its market presence is anchored by a diverse brand portfolio including Arokya, Arun Icecreams, and Hatsun, supported by an extensive retail network of over 4,000 HAP Daily outlets across multiple Indian states.
Key Points
- Key Facts:
- Founded: 1970 (Started as a partnership, later incorporated).
- Headquarters: Chennai, Tamil Nadu.
- Stock Listing: Listed on BSE and NSE.
- Promoter: Led by R.G. Chandramogan (Chairman).
- Operations and Resources:
- Milk Procurement: Direct sourcing from 4,00,000+ farmers.
- Infrastructure: Significant investments in cold storage and advanced processing facilities to maintain product integrity.
- Acquisitions: Recently acquired Milk Mantra Dairy Private Limited, bringing the "Milky Moo" brand and its ethical sourcing model into the HAP family.
- Market and Significance:
- HAP is a leading player in the dairy industry, serving markets across Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Maharashtra, Kerala, Odisha, and several other states.
- Its retail strategy through exclusive HAP Daily and ibaco (219+ premium outlets) stores provides high control over the cold chain and last-mile distribution.
- Revenue Breakdown (FY 2024-25):
- Operating Income/Turnover: ₹8,699.76 crore.
- Other Income: ₹19.56 crore.
- Total Income: ₹8,719.32 crore.
- Note: For the 9-month period ending December 31, 2025, the company reported revenue from operations of ₹7,381.59 crore.
- Business Model and Strengths:
- The company thrives on a direct-to-farmer procurement model and a captive retail distribution network.
- It excels in the production of value-added dairy products (VADP) like curd, paneer, and ice cream cakes, which command higher margins than liquid milk.
- Key Products and Technology:
- Brands: Arokya (Liquid milk), Arun Icecreams, Hatsun (Curd, Ghee, Butter), ibaco (Premium ice cream), and Milky Moo.
- Innovation: Launch of Imiyo (fruit drinks) and Hanobar (cocoa-based confectionery).
- Digital Initiatives: The Daily Moo App serves 3,500+ urban households in Odisha with subscription-based dairy deliveries.
- Employee Count and HR:
- The company reported employee benefit expenses of ₹243.31 crore for FY 2024-25. (Specific headcounts and attrition rates were not detailed in the summary financials).
- Strategic Initiatives:
- Expansion into new geographies including Chhattisgarh, Madhya Pradesh, West Bengal, and Bihar.
- Emphasis on scaling value-added offerings and distribution reach to align with evolving consumer preferences for hygiene and convenience.
References
