Hatsun Agro Product Ltd Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Published 14 Aug 2026 | Food Products | Market Cap: ₹20.3K Cr

Sales and revenue growth expected to improve notably in the second half of the year. Mr.

From Hatsun Agro Product Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

985

Market Cap

₹20.3K Cr

P/E Ratio

55.5

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Hatsun Agro Product Ltd — Quarterly revenue & net profit

Revenue Net Profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹2.6K Cr, net profit ₹51 Cr.

Full financials →

📊 Revenue & Sales Performance

  • Sales and revenue growth expected to improve notably in the second half of the year.
  • Hatsun Agro anticipates a volume growth rate potentially exceeding 15% in the near term.
  • Current first-half growth around 9%, expected to rise to about 15% next half.
  • GST rate reduction from 12% to 5% on dairy products projected to spur demand meaningfully.
  • Reduced taxation expected to enable better farmer payment, encouraging increased production.
  • Enhanced production capacity and cost effectiveness expected to boost exports significantly.
  • Company already exporting ice cream to about eight countries, with momentum building.
  • Overall, the outlook for the next half-year and the coming year is positive and expected to be "glorious" for growth and export expansion.

📈 Profitability & Margins

  • Mr. R G Chandramogan expects meaningful growth in demand due to the GST rate reduction from 12% to 5% on dairy products, which will improve farmer income and production.
  • Improved cash flows to farmers will stimulate better production, making India cost-competitive globally and boosting exports.
  • Export growth is anticipated to start in the second half of the year, with Hatsun Agro already exporting ice cream to eight countries and expecting export momentum to increase.
  • The company forecasted 9% growth but expects to finish the half-year with around 15% growth and anticipates the next half to be better.
  • The GST cut will benefit consumers, farmers, and increase export potential, which should positively impact earnings, operating profits, and EPS going forward.

🏗️ Capital Expenditure Plans

  • As of FY25, Hatsun Agro's capital expenditure (capex) was higher than what management had initially guided.
  • The company has undertaken more capex than planned during FY25, indicating ongoing investments.
  • No specific details about the nature or exact future projections of capex or strategic investments were disclosed in the transcript.
  • The increased capex is likely aimed at boosting capacity utilization to meet anticipated demand growth following the GST rate reduction on dairy products.
  • The management aims to leverage GST reforms to spur production and exports, which may drive further investment in the near term.

💰 Fundraising & Capital Structure

The transcript does not mention any current or future plans for fundraising through debt or equity. Key points related to financial aspects include: - FY25 debt position is higher than what management initially guided. - Capex for FY25 is also higher than guided. - There is no direct mention of raising new funds via debt or equity. - Focus is primarily on GST rate reduction benefits, boosting demand, better farmer payments, and growth in exports. Hence, based on the provided transcript, no explicit information on fundraising through debt or equity is disclosed.

📋 Order Book & Pipeline

The provided transcript of the interview with Mr. R G Chandramogan, Chairman of Hatsun Agro, does not explicitly mention any details regarding the current or expected order book or pending orders for the company. The focus of the discussion is primarily on: - The impact of GST rate reduction on dairy products from 12% to 5%. - Expected increase in demand and production. - Potential boost in exports starting from the second half. - Challenges related to imports, especially concerning US and New Zealand dairy products. - Improvement in farmer income due to GST cuts. No specific figures or commentary relating to order book or pending orders were disclosed in the transcript.

Key Metrics

Frequently Asked Questions

What were Hatsun Agro Product Ltd Q1 FY26 results?

Sales and revenue growth expected to improve notably in the second half of the year. Mr.

What is Hatsun Agro Product Ltd share price analysis?

Hatsun Agro Product Ltd currently shows a neutral. The stock trades at a P/E of 55.5 with a market cap of ₹20,283 Cr. Investors should review the full earnings analysis for detailed insights.

Is Hatsun Agro Product Ltd planning capital expenditure?

As of FY25, Hatsun Agro's capital expenditure (capex) was higher than what management had initially guided.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.

What Hatsun Agro's management said in earlier quarters

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