Hatsun Agro's sales cross Rs 2,000 crore in June quarter

21 Jul 2022 , 08:25 AM

For the first time, dairy product manufacturer Hatsun Agro Products said that its revenues for the quarter ending June 30, 2022, exceeded Rs2,000 crore.

For the quarter ending June 30, 2022, the city-based company posted revenues of Rs 2,014.60 crore, up from Rs 1,538.78 crore in a similar quarter the previous year.

According to a statement from the company’s chairman, RG Chandramogan, the domestic market’s strong sales rebound following the COVID-19 epidemic and strong summer sales contributed to the quarter’s biggest sales volume ever.
In comparison to the equivalent quarter the year before, the profit after tax for the current quarter was Rs51.95 crore as opposed to Rs58.33 crore.

“We are pleased to report solid revenue growth and sales that exceeded Rs2,000 crore for the first time in a quarter. All of our business segments performed well, and our top brands saw healthy sales growth “added Chandramogan.

In order to expand its production of ice cream, milk, curd, milk products, and animal feed, Hatsun Agro Products invested roughly Rs450 crore in new manufacturing facilities during the most recent fiscal year.

“Our sales goals for FY 2022—2023 will be further supported by the expanded capacities. Additionally, significant expenditures have been made to improve brand distribution, sales, and marketing ” he added.

In the most recent quarter, the company started exporting its well-known Arun ice cream brand to Singapore and the Maldives. The statement also stated that there are ambitions to extend Arun ice cream’s global reach.