April 29, 2021
“In our market, except for ice cream we are not fearing anything else,” RG Chandramogan, chairman of Hatsun Agro Product said.
“Milk and curd are doing extremely good as well as cattle feed. We have got four major segments and ice cream is definitely affected, but the other three segments are perfectly alright,” he said.
Compared to last year the situation this year seemed better informed Chandramogan.
“There was a lot of disturbance last year, but compared to that though the pandemic is aggressive today they understand the importance of perishable reaching the people. So we were able to manage it better,” he cited.
Higher sales from own retail outlets and lower tax will further aid business, Chandramogan said.
“We are likely to have incremental sales with additional capacities built and interest reduction is expected with QIP infusion in the next quarter. We have got lesser taxation compared to last year, we have paid 32 percent tax and now we are opting for 25 percent tax and above all, we have got 50 percent incremental sales in our own outlets last year,” he said.