Hatsun Agro products, for the first time in its quarter ending June 30, 2022, has crossed the Rs 2,000 crore sales mark.
Hatsun Agro reported revenues of Rs. 2,014.60 crores for the quarter ending June 30, 2022 as against Rs. 1,538.78 crores registered during the corresponding quarter of the previous year. Strong sales recovery in the domestic market following the COVID-19 pandemic, combined with good summer sales, resulted in the highest quarterly sales volume ever.”
The profit after tax for the quarter under review stood at Rs. 51.95 crore as compared to Rs. 58.33 crore registered in the corresponding quarter of the previous year.
“We are happy to report good growth in revenue and crossing the Rs. 2,000 crore sales mark for the first time in a quarter. All our business segments did well, with our leading brands registering healthy sales growth”, Chandramogan said.
“Hatsun retail expansion in the last two years helped us reach customers in new markets like Maharashtra, Odisha, West Bengal, and Madhya Pradesh and also supported our existing strong base in South India,” he said.
Hatsun Agro Products in the last financial year invested about Rs. 450 crores across new manufacturing facilities for capacity expansion in ice cream, milk, curd, milk products and cattle feed.
“The new capacities will further support our sales plans for FY 2022–23.” Considerable investments have also been made to strengthen the distribution, sales and marketing of our brands, “he said.
The company has commenced exports of its popular Arun ice cream brand to Singapore and Maldives in the last quarter. It has plans to further widen the international reach of Arun ice creams.