Hatsun Agro Product Ltd

Hatsun Agro Product inaugurated its 4000th HAP Daily Outlet in Bhimavaram, Andhra Pradesh. This milestone reflects the company's continued commitment of delivering fresh and high-quality dairy products directly to consumers. HAP Daily Exclusive Stores is part of the company's retail expansion strategy, offering 8 range of brands including Arun Ice creams, Arokya, Hatsun, and Hanobar. These stores will retail ice creams, fresh milk, curd, buttermilk, paneer, yoghurt, juices, chocolates, butter, and more. Apart of direct consumer sale, HAP Daily Outlets will cater to the retail outlets in their vicinity and increasing availability of the products and expanding the brand reach. Powered by Capital Market - Live

Hatsun Agro Product has acquired further 54,687 equity shares of Rs 10 each of Milk Mantra Dairy for a consideration of Rs 0.87 crore. Till date, the company has acquired 99.80% stake in Milk Mantra Dairy. Powered by Capital Market - Live

Hatsun Agro Product (HAP) has further completed the acquisition of 2418 equity shares of Rs. 10 each of Milk Mantra Dairy (Target Company) from a shareholder of the Target Company by discharging the Gross Purchase Consideration of Rs. 10 lakh to the concerned shareholder of the Target Company, in the manner as specified in the SPA. Till date HAP has purchased 30,92,964 equity shares of Rs. 10/- each and 16,06,372 compulsorily convertible preference shares of Rs. 10/- each of the Target Company by discharging the Purchase Consideration of Rs. 231.54 crore cumulatively. This acquisition together with the earlier acquisition represents 98.40% of the current issued and paidup equity and preference share capital of the Target Company.Powered by Capital Market - Live

UPL Ltd, Metro Brands Ltd, P I Industries Ltd, FSN E-Commerce Ventures Ltd are among the other stocks to see a surge in volumes on BSE today, 03 February 2025.Hatsun Agro Product Ltd registered volume of 19698 shares by 10:48 IST on BSE, a 8.27 fold spurt over two-week average daily volume of 2382 shares. The stock rose 7.56% to Rs.1,027.40. Volumes stood at 1100 shares in the last session.UPL Ltd witnessed volume of 4.4 lakh shares by 10:48 IST on BSE, a 4.8 times surge over two-week average daily volume of 91835 shares. The stock increased 3.43% to Rs.625.00. Volumes stood at 1.47 lakh shares in the last session.Metro Brands Ltd clocked volume of 17762 shares by 10:48 IST on BSE, a 4.72 times surge over two-week average daily volume of 3760 shares. The stock gained 8.35% to Rs.1,340.00. Volumes stood at 11211 shares in the last session.P I Industries Ltd witnessed volume of 17704 shares by 10:48 IST on BSE, a 3.58 times surge over two-week average daily volume of 4941 shares. The stock increased 5.32% to Rs.3,667.80. Volumes stood at 3643 shares in the last session.FSN E-Commerce Ventures Ltd registered volume of 3.69 lakh shares by 10:48 IST on BSE, a 2.54 fold spurt over two-week average daily volume of 1.45 lakh shares. The stock rose 3.59% to Rs.181.85. Volumes stood at 4.48 lakh shares in the last session.Powered by Capital Market - Live

Hatsun Agro Product has further completed the acquisition of 56,421 equity shares of Rs. 10/~ each of Milk Mantra Dairy ( the target company) from the shareholders of the target company by discharging the Gross Purchase Consideration of Rs. 1.68 crore to all the concerned shareholders of the target company, in the manner as specified in the SPA. Till Date Hatsun Agro Product has purchased 30,72,933 equity shares of Rs. 10/- each and 16,06,372 compulsorily convertible preference shares of Rs. 10/- each of the target company by discharging the purchase consideration of Rs. 231.08 crore cumulatively. This acquisition together with the earlier acquisition represents 97.98% of the current issued and paid-up equity and preference share capital of the target company. Powered by Capital Market - Live

In this regard, HAP has entered into share purchase agreements (SPAs), and other transaction documents / agreements with the existing promoters and shareholders of Milk Mantra Dairy. Milk Mantra Dairy is a manufacturer involved in marketing and sale of milk and milk products. With its innovative brand 'Milky Moo' it has created a strong presence in Odisha. It had recorded a turnover of Rs 276.42 crore for FY 2023-24. Hatsun Agro stated that this acquisition would strengthen the company's presence in Odisha and the Eastern India dairy market. It also gives scope to tap HAP's existing North Andhra Pradesh market and potential markets like West Bengal and adjoining States. The Milky Moo brand will be added with existing stable brands of HAP's Arun, IBACO, Hatsun and Arokya. Hatsun Agro Product manufactures and markets dairy products like milk, curd, ice creams, dairy whitener, skimmed milk powder, ghee, paneer, etc. The company's net profit declined 28.7% to Rs 40.94 crore in Q3 FY25 as against Rs 57.40 crore posted in Q3 FY24. However, revenue from operations rose 6.5% to Rs 2,009.75 crore during the quarter ended 31 December 2024. Powered by Capital Market - Live

However, revenue from operations rose 6.5% to Rs 2,009.75 crore during the quarter ended 31 December 2024. Profit before tax was Rs 55.67 crore in the third quarter of FY25, down 27.4% as against Rs 76.66 crore reported in the same period last year. During the quarter, total expenses rose 7.7% YoY to Rs 1,956.33 crore. Cost of materials consumed stood at Rs 1,404.17 crore (down 15.44% YoY) while employee benefit expenses was at Rs 58.67 crore (up 6.57% YoY) during the quarter. On nine-month basis, the company's net profit rose 9.6% to Rs 235.80 crore on 8.6% increase in revenue to Rs 6,456.91 crore in 9M FY25 over 9M FY24. Meanwhile, the company's board has approved an investment in the paid-up equity share capital of FP Solar Shakti to facilitate the consumption of solar energy under the Group Captive Consumption facility for the company's plant located in the state of Andhra Pradesh. Hatsun Agro Product manufactures and markets dairy products like milk, curd, ice creams, dairy whitener, skimmed milk powder, ghee, paneer, etc. Powered by Capital Market - Live

Net profit of Hatsun Agro Product declined 28.68% to Rs 40.94 crore in the quarter ended December 2024 as against Rs 57.40 crore during the previous quarter ended December 2023. Sales rose 6.48% to Rs 2009.75 crore in the quarter ended December 2024 as against Rs 1887.49 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales2009.751887.49 6 OPM %10.6611.27 - PBDT173.01178.27 -3 PBT55.6776.66 -27 NP40.9457.40 -29 Powered by Capital Market - Live

Hatsun Agro Product will hold a meeting of the Board of Directors of the Company on 16 January 2025.Powered by Capital Market - Live

Hatsun Agro Product announced that CRISIL has reaffirmed the long term credit rating at CRISIL AA-; Stable for bank loan facilities availed by the company. Powered by Capital Market - Live