This dairy company reports over a 100 per cent profit increase, stock gains 12 per cent, do you own it?
The stock currently trades near its upper price band of Rs 1,228.40, indicating strong buying pressure.
Hatsun Agro Product Ltd. (HATSUN), a leading private-sector dairy company in India, is experiencing a strong rally today. The stock price has jumped by 12.04 per cent, trading at Rs 1147.00. This translates to a gain of Rs 123.30 from the previous day's closing price of Rs 1023.70. The day's high for the stock was Rs 1174.65, while the low was Rs 1083.10. This surge comes within the company's 52-week high of Rs 1,231.95 and low of Rs 831.95. The stock currently trades near its upper price band of Rs 1,228.40, indicating strong buying pressure.
Indian dairy company, delivered impressive financial results for the fourth quarter (Q4) and full fiscal year (FY) ending March 31st, 2024. Revenue surged 14.38 per cent year-over-year (YoY) to Rs 2,046.87 crore. EBITDA jumped a significant 46.64 per cent YoY to Rs 231.77 crore. Profit Before Tax (PBT) and Profit After Tax (PAT) witnessed even stronger growth, rising 115.59 per cent and 108.76 per cent YoY to Rs 70.89 crore and Rs 52.16 crore, respectively.
Hatsun Agro Product's latest financial results paint a picture of a company firing on all cylinders. Revenue growth across both the quarter and full year, coupled with a significant jump in milk procurement, indicates strong underlying demand and a well-oiled supply chain. Mr. Chandramogan's comments highlight a robust recovery in the domestic dairy market post-pandemic, with strong summer sales driving volumes. This bodes well for Hatsun's future performance, especially considering its established brand presence.
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The positive performance across all business verticals suggests a well-rounded product portfolio that caters to diverse consumer needs. This reduces reliance on any single product category and mitigates potential risks. The company's expansion into new markets like Maharashtra, Orissa, West Bengal, and Madhya Pradesh demonstrates a strategic approach to market penetration. Additionally, the Rs 550 crore investment in new manufacturing facilities and market assets signifies a commitment to long-term growth. This capacity expansion will likely support future sales plans and meet growing demand.
Hatsun Agro Product Ltd. (HAP) is a leading private sector dairy player in India, procuring milk from select, high-quality cattle from around 4,000 farmers. HAP's portfolio includes Arun Icecreams, Arokya Milk & Milk products, Hatsun Dairy Products, ibaco, Aniva, HAP Daily, Hanobar Chocolates, Havia, Santosa, Imiyo Juice, and DAKO toppings. With 3700+ outlets, HAP has expanded its reach in traditionally strong markets like Tamil Nadu, Pondicherry, Karnataka, Andhra Pradesh, Telangana, Maharashtra, Kerala, Orissa, Goa, Chhattisgarh, Madhya Pradesh, West Bengal, Jharkhand, Gujarat, Andamans, Chandigarh, and Bihar.
Disclaimer: The article is for informational purposes only and not an investment advice.