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Hatsun Agro Product Ltd. becomes India's largest exclusive brand retail network with 3600 outlets


Chennai (Tamil Nadu) [India], February 18 (ANI/NewsVoir): India s leading private sector dairy company, Hatsun Agro Product Ltd. today became India s largest retail network with 3600 outlets present across Tamil Nadu, Andhra Pradesh, Telangana, Puducherry, Kerala, Gujarat, Goa, Maharashtra, Karnataka, Chhattisgarh and Orissa.
HAP inaugurated its 2500th HAP Daily outlet for milk and curd distribution in Sattenapalle Town, Guntur District, AP and 151st Ibaco outlet in Bhimavaram, Andhra Pradesh. This together with 949 outlets of HAP Daily (Icecream retail and distribution) and Oyalo makes Hatsun Agro Product the owner of the largest retail brand network in India with more than 3600 franchisee run outlets. ....

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Hatsun Agro jumps on stellar Q3 result


Hatsun Agro Products rose 4% to Rs 751.20 after standalone net profit surged 141.42% to Rs 67.31 crore on 4.05% rise in revenue from operations to Rs 1,394.59 crore in Q3 December 2020 over Q3 December 2019.
Standalone profit before tax (PBT) soared 237.47% to Rs 100.87 crore in Q3 December 2020 as against Rs 29.89 crore in Q3 December 2019. Total tax expense for the quarter jumped 1,577.49% to Rs 33.55 crore as against Rs 2 crore in Q3 December 2019. The Q3 result was declared during trading hours today, 19 January 2021.
Among its CAPEX projects, the company has erected a plant in Solapur (Maharashtra) with a capacity to handle milk & milk products of volume 4 lakh litres per day (LLPD). Currently, the trial production is under progress and the full-fledged commercial production is expected to commence by the end of January 2021. ....

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