HATSUN NSE filing

Hatsun Agro targets up to 50% revenue growth to ₹15,000 crore in two years

The RealCase readHigh impact Positive

Hatsun Agro Product Limited expects revenue to rise up to 50% over the next two years, reaching ₹14,000-15,000 crore by FY28. The company projects FY27 revenue at ₹12,000 crore, up from FY26's ₹10,000 crore. Hatsun plans to invest ₹1,000 crore this fiscal year to expand procurement and manufacturing.

Why it matters

The announcement includes ambitious growth targets and significant investment plans, which are material information for investors.

The market read

The company has provided a positive outlook with significant revenue growth targets and expansion plans beyond its traditional strongholds.

Hatsun Agro Product Limited (HAPL) anticipates a significant revenue increase of up to 50% over the next two financial years. Chairman RG Chandramogan stated that the company expects its revenue to reach approximately ₹12,000 crore ($1.25 billion) in the current financial year, a rise from ₹10,000 crore in the previous year. For the following year, revenue is projected to be between ₹14,000 crore and ₹15,000 crore.

This growth forecast is notable given industry challenges such as increased milk procurement costs impacting margins and intense competition limiting pricing power. Milk prices have risen by 20%-22% in the past 15 months due to higher feed and milk-fat costs. Chandramogan expects milk supply to meet demand within 8 to 10 months.

Hatsun, which reported a 14.5% revenue growth to ₹9,959 crore for the year ended March 2026, is expanding its presence beyond Southern India. The company is now selling milk in Mumbai and Pune and is increasing procurement in Odisha.

The company plans to invest ₹1,000 crore in the current fiscal year, having already invested ₹300-400 crore. Approximately one-third of this investment will be allocated to expanding milk procurement, with the remainder split between manufacturing capacity and marketing/distribution. Instead of building new plants, Hatsun is focusing on expanding existing facilities and its 13,000-strong collection network, aiming for a daily milk procurement of 5 million liters next year, up from the current roughly 4.3 million liters.

Demand for Hatsun's products has remained resilient in both rural and urban markets despite inflation, supported by strong sales of summer products like ice cream and curd.

Filing to action

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Hatsun Agro Product Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.

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Primary source

A plain-language summary of a public exchange filing by Hatsun Agro Product Limited. Read the original for the full detail.

View original filing