StockWatch
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HATSUN AGRO PRODUCT LTD.

BSE: 531531

P/L Snapshot

Q1 FY27 · standalone

vs Q4 FY26·vs Q1 FY26
Revenue
3.1K
+19.9%+21.9%
Expenditure
2.9K
+16.0%+25.1%
Net Profit
133.69
+162.7%-9.7%
OPM %
11.35%
+2.22pp-3.26pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.00866.151.7K2.6K3.5KQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Price Chart
Reports

Hatsun revenue +19% past ₹3,000 Cr but PAT dips 1% as milk costs squeeze margins

dairy · milk products · margin compression

ResultsQ1 FY2725 Jul 20263 minFMCG
Latest
Quarterly Result21 Jul, 5:21 pm

Hatsun revenue +19% past ₹3,000 Cr but PAT dips 1% as milk costs squeeze margins

Hatsun Agro's Q1 FY27 (standalone, single-segment) was a topline-strong, margin-weak quarter: revenue from operations rose 19.3% YoY to ₹3,090.49 Cr — a record, crossing the ₹3,000 Cr quarterly mark for the first time — but net profit slipped 1.1% YoY to ₹133.69 Cr. The disconnect sits entirely on the cost line: cost of materials consumed jumped ~37% YoY to ₹2,155.75 Cr (from ₹1,569.87 Cr), far outpacing the 19% revenue rise, as milk procurement and raw-material inflation ate the operating leverage from higher volumes. Reported EBITDA margin compressed to 11.34% from 14.60% a year ago, and net margin fell to 4.33% from 5.21%. The sharp +163% QoQ jump in PAT (vs ₹50.89 Cr in Q4 FY26) is a seasonality artifact, not a genuine acceleration — Q1 is Hatsun's peak summer quarter for ice cream and beverages, while Q4 is structurally soft; the YoY read is the honest one, and it shows flat earnings on 19% more sales. On the positive side, finance costs fell to ₹31.63 Cr from ₹43.38 Cr (deleveraging), partly cushioning the raw-material hit, while depreciation rose ~10% to ₹151.28 Cr reflecting continued capacity capex. Management offers no formal guidance and no prior concall/outlook is on record, so there is no explicit target to judge against; no brokerage consensus estimate is publicly available for this name either, so the print is neither a formal beat nor miss. Alongside the result the board re-appointed Chairman R.G. Chandramogan and MD J. Shanmuga Priyan and set the AGM for Sep 25, 2026. The quarter's ₹222.75 Cr first interim dividend (₹10/share) is a meaningful cash outflow against ₹133.69 Cr of quarterly profit. Net: strong demand and record scale, but the earnings story is one of margin compression from input-cost inflation, not profit growth.

21 Jul 2026, 05:21 pm

Corporate Events

Board MeetingHATSUN
2026
25Sep

Board Meeting

Intimation of the 41st Annual General Meeting of the Company…

BSE Filing
Board MeetingHATSUN
2026
21Jul

Board Meeting

The meeting of the Board of Directors will be held to consid…

BSE Filing
DividendHATSUN
2026
26May

₹10 / share

BSE Filing
Board MeetingHATSUN
2026
19Jan

Board Meeting

Consider and approve the unaudited standalone financial resu…

BSE Filing
Board MeetingHATSUN
2025
27Oct

Board Meeting

Unaudited Standalone and Consolidated Financial Results, Any…

BSE Filing
Board MeetingHATSUN
2025
18Jul

Board Meeting

Consider and approve, inter-alia, the proposal for declarati…

BSE Filing
Board MeetingHATSUN
2025
16Jan

Board Meeting

Considering and approving The Unaudited Financial Results of…

BSE Filing
Board MeetingHATSUN
2024
4Nov

Board Meeting

Consider and approve The Unaudited Financial Results of the …

BSE Filing
Board MeetingHATSUN
2024
29Mar

Board Meeting

Consideration and approval of appointment of Independent Wom…

BSE Filing
Board MeetingHATSUN
2024
19Jan

Board Meeting

Consider and approve the Unaudited Financial Results of the …

BSE Filing
Board MeetingHATSUN
2023
19Oct

Board Meeting

Consider and approve Unaudited financial results for the qua…

BSE Filing