Hatsun Agro Product LimitedQ1 FY27 Results & Financial Update
Hatsun Agro Product Limited: Q1 FY27 standalone results and company financials – revenue ₹3,090.49 Cr, PAT ₹133.69 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Hatsun Agro Product Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Hatsun Agro Product Limited crossed a major operational milestone in Q1 FY27 by surpassing ₹3,000 crores in quarterly revenue for the first time in its history, recording revenue from operations of ₹3,090.49 crores.
s, the top-line expansion represented a 19.31% increase over the ₹2,590.28 crores reported in the corresponding period of the previous fiscal year.
Profitability for the quarter stood at ₹133.69 crores in profit after tax, alongside an EBITDA performance of ₹353.59 crores, translating to an average monthly revenue run-rate exceeding ₹1,000 crores.
Volume off-take remained robust, with the company distributing 153 crore consumer packs during the three-month period, supported by its extensive manufacturing and cold-chain infrastructure.
Chairman R.G. Chandramogan attributed the momentum to the enduring brand equity of flagship labels, a resilient business model, and focused operational execution across all operating segments.
The enterprise maintained strong momentum in its core dairy portfolio while expanding market reach in both established Southern strongholds and newer geographic territories.
Profit after tax was ₹133.69 Cr for the reported quarter. EPS was ₹6.00 for the reported quarter.
01 · Business model
What does Hatsun Agro Product do?
Hatsun Agro Product Limited operates as a prominent private-sector dairy enterprise in India, managing a comprehensive value chain from direct milk procurement to branded consumer product distribution.
The company sources milk directly from over five lakh farmers across select cattle networks, adhering to ISO 22000 quality standards and maintaining extensive processing infrastructure.
Its commercial portfolio features well-known consumer brands including Arun Icecreams, Arokya Milk and Milk Products, Hatsun Dairy Products, Milky Moo, ibaco, HAP Daily, Hanobar, Havia, and Santosa cattle feed.
Distribution is anchored by a network of over 4,700 exclusive retail and distribution outlets, servicing diverse urban, semi-urban, and rural markets across multiple Indian states.
02 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹3,090.49 Cr |
| Total income | ₹3,093.38 Cr |
| Profit before tax | ₹170.68 Cr |
| Profit after tax | ₹133.69 Cr |
| EPS | ₹6.00 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 4.3% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 5.5% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹2.89 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations reached ₹3,090.49 crores in Q1 FY27, crossing the ₹3,000 crore threshold for a single quarter for the first time.
The company sold 153 crore consumer packs during the quarter across rural, semi-urban, and urban markets.
04 · Demand, customers & order book
Where demand is coming from
Milk is procured directly from over five lakh farmers across select cattle networks.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Growth was driven by diversified product categories spanning multiple price points under flagship brands including Arun Icecreams, Arokya, and Milky Moo.
Geography and market mix
HAP Daily outlets exceeded 4,700 exclusive retail and distribution locations, deepening presence in core markets such as Tamil Nadu, Pondicherry, Karnataka, Andhra Pradesh, and Telangana, while making inroads into Maharashtra, Kerala, Orissa, Goa, Chhattisgarh, Madhya Pradesh, West Bengal, Jharkhand, Gujarat, Andamans, Chandigarh, and Bihar.
06 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Operations are supported by 22 world-class manufacturing facilities distributed across six states.
07 · Strategy & new businesses
How the company is trying to change its growth mix
The company continues to market specialized product lines including ibaco ice cream sundaes, Hanobar coco confectionaries, Havia premium chocolates, and Santosa cattle feed and care products.
08 · Reported developments
What changed operationally
Surpassed ₹3,000 crores in quarterly revenue for the first time in corporate history.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
ISO Certification
The company maintains quality standards certified by ISO 22000 across its milk procurement and processing operations.
10 · Key Q&A
The quarter, answered directly
What does Hatsun Agro Product do?
Hatsun Agro Product Limited operates as a prominent private-sector dairy enterprise in India, managing a comprehensive value chain from direct milk procurement to branded consumer product distribution.
What is the clearest takeaway from Q1 FY27?
Hatsun Agro Product Limited crossed a major operational milestone in Q1 FY27 by surpassing ₹3,000 crores in quarterly revenue for the first time in its history, recording revenue from operations of ₹3,090.49 crores.
What drove revenue or demand?
Revenue from operations reached ₹3,090.49 crores in Q1 FY27, crossing the ₹3,000 crore threshold for a single quarter for the first time.
What changed operationally beyond the headline numbers?
Operations are supported by 22 world-class manufacturing facilities distributed across six states.
What should the next disclosure help confirm?
Monitor whether subsequent quarters maintain the monthly revenue run-rate above ₹1,000 crores established in Q1 FY27.
11 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
12 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Revenue Run-Rate Sustenance: Monitor whether subsequent quarters maintain the monthly revenue run-rate above ₹1,000 crores established in Q1 FY27.
- 02
Retail Outlets Expansion: Track the continued expansion and performance of HAP Daily and exclusive retail outlets in non-traditional geographic markets.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.