Hatsun Agro Product Limited (HATSUN)

Fast Moving Consumer Goods · Food Products · NSE · Updated 2 August 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹885.4 ↓ 1.9% (1Y)

🎯 Key Takeaways

Hatsun Agro Product Limited is in a clear growth phase, transitioning from a mid-sized FMCG player to a scaled dairy and ice cream enterprise with a national retail footprint. Management is actively leveraging its expanded distribution network and diversified portfolio to drive top-line expansion, as evidenced by the first-ever quarterly revenue crossing ₹3,000 crores.
⚠️ The company’s growth is heavily reliant on its retail network and brand penetration, making it vulnerable to competitive pressures in the FMCG and dai

Market Cap

₹20,977

P/E Ratio

60.2

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

Hatsun Agro Product Limited is in a clear growth phase, transitioning from a mid-sized FMCG player to a scaled dairy and ice cream enterprise with a national retail footprint. Management is actively leveraging its expanded distribution network and diversified portfolio to drive top-line expansion, as evidenced by the first-ever quarterly revenue crossing ₹3,000 crores. The company is balancing growth investments with profitability and shareholder returns, signaling a strategic shift toward sustainable scale rather than market share at any cost.

📰 What's Happening

In Q1 FY27, Hatsun achieved a historic revenue milestone of ₹3,090.49 crores, up 19.31% YoY, driven by strong performance across its dairy and ice cream segments and a network of over 4,700 retail outlets. The Board approved these unaudited results on July 21, 2026, reappointed key directors, and scheduled the AGM for September 25, 2026. Concurrently, the company declared an interim dividend of ₹10 per share (1000% on Re.1 face value), payable by June 17, 2026, to shareholders on record as of May 26, 2026, reflecting confidence in cash flow generation and profitability.

Source: Stock Announcements

🔮 Management Outlook & What's Next

Management has not provided formal forward guidance in the latest filings, but the declaration of an interim dividend and scheduling of the AGM indicate confidence in near-term performance. The Board’s actions — reappointing directors and approving results — signal stability in leadership, while the focus on dividend payout underscores a shareholder-friendly stance. Management continues to emphasize operational execution and network expansion as levers for sustained growth, with no public commentary on macro headwinds or demand slowdown.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Food Products

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Nestle India Limited	2.76 L Cr	84.6	93.6%	81.3%	0.19
Britannia Industries Limited	1.30 L Cr	53.9	60.6%	55.5%	0.28
Hatsun Agro Product Limited	20,977	60.2	—	—	—
Avanti Feeds Limited	18,028	37.5	—	—	—
Bikaji Foods International Limited	16,776	61.5	—	—	—
Zydus Wellness Limited	15,976	49.1	—	—	—
EID Parry India Limited	14,042	9.2	—	—	—
Godrej Agrovet Limited	10,960	26.3	—	—	—
The Bombay Burmah Trading Corporation Limited	10,625	5.0	—	—	—
Orkla India Limited	8,647	—	—	—	—

🔗 Peer Stock Analyses

NESTLEIND BRITANNIA AVANTIFEED BIKAJI ZYDUSWELL

⚠️ Risk Factors

1. The company’s growth is heavily reliant on its retail network and brand penetration, making it vulnerable to competitive pressures in the FMCG and dairy space. 2. Despite revenue growth, the high P/E ratio of 60.2 suggests market expectations are priced in, leaving limited room for execution misses. 3. The interim dividend, while positive, may pressure cash flows if not sustainable amid fluctuating input costs or demand shifts, though no such risks were flagged in the filings.

📋 Recent Filings

🧠 Analyst's Read

Hatsun Agro is executing a disciplined growth strategy with tangible milestones, supported by strong operational momentum and shareholder returns. Investors should monitor the pace of retail expansion, margin trends, and whether the dividend policy can be maintained amid cyclical demand or input cost volatility. The next key event is the AGM in September 2026, where further strategic direction may be outlined.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-08-02.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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