Hatsun Agro Product Ltd reported unaudited financial results for the quarter ended June 30, 2026, recording revenue from operations of ₹3,090.49 crores. This figure represents a 19.31% increase compared to ₹2,590.28 crores in the corresponding period of the previous fiscal year. Profit after tax for the quarter stood at ₹133.69 crores versus ₹135.19 crores in the year-ago period, while EBITDA was reported at ₹353.59 crores compared to ₹378.34 crores previously, with the EBITDA margin coming in at 11.34% against 14.60% in the same period last year. The Board of Directors approved the results at a meeting held on July 21, 2026.

The company declared and paid an interim dividend of ₹10 per equity share of Re. 1 each (1000%) during the quarter, aggregating to ₹222.75 crores. This is the first interim dividend for the financial year 2026-27. The statutory auditors expressed an unmodified review conclusion on the financial results for the quarter ended June 30, 2026.

The company achieved a significant operational milestone during the quarter, selling 153 crore consumer packs. This sales volume is equivalent to serving one product to every individual in India, underscoring the company's extensive reach. Hatsun Agro Product surpassed ₹3,000 crores in quarterly revenue for the first time, translating to an average monthly revenue of over ₹1,000 crores.

Operational Highlights

R.G. Chandramogan, Chairman, attributed the performance to the enduring equity of flagship brands and a resilient business model. The company operates 22 world-class manufacturing facilities across six states. Its distribution network includes over 4,700 exclusive retail and distribution outlets, ensuring product availability across rural, semi-urban, and urban markets.

Financial Performance

The table below summarises the key financial metrics for the quarter on a year-on-year basis:

The company's diversified portfolio spans multiple categories and price points, including brands such as Arun Icecreams, Arokyaa, Hatsun, Milky Moo, HAP Daily, and Ibaco. Hatsun Agro Product continues to focus on innovation and quality standards certified by ISO 22000 to drive sustainable growth.

Hatsun Agro Product Limited has declared a first interim dividend of Rs 10 per equity share, equivalent to 1000% on the face value of Re 1, for the financial year 2026-27. Shareholders holding shares on the record date of May 26, 2026, are entitled to receive this dividend. The company stated that tax will be deducted at source (TDS) as per the Income Tax Act, 2025, before the dividend is paid.

The Board of Directors approved the dividend at a meeting held on May 19, 2026. The withholding tax rate will vary based on the residential status of the shareholder and the documents submitted. For resident shareholders with a valid PAN, the TDS rate is 10%, while it rises to 20% if the PAN is not registered or is invalid. Shareholders may submit Form 121 (formerly Form 15G/15H) to claim a NIL rate if their estimated total income for FY 2026-27 results in zero tax liability. Dividends up to Rs 10,000 for the financial year are exempt from TDS for resident individuals.

Tax Rates and Documentation

The company has outlined specific documentation requirements for different categories of shareholders to ensure the correct tax rate is applied. The table below details the applicable rates and necessary submissions.

Non-Resident Shareholder Provisions

Non-resident shareholders, including Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs), are subject to a TDS rate of 20% plus surcharge and cess, or the applicable Tax Treaty rate, whichever is lower. To avail of the lower Tax Treaty rate, shareholders must submit a Tax Residency Certificate (TRC) for FY 2026-27 or later, a self-attested PAN copy, and a mandatory electronically filed Form 41 (formerly Form 10F). A self-declaration confirming beneficial ownership and the absence of a Permanent Establishment in India is also required.

Hatsun Agro Product emphasized that it is not obligated to apply beneficial Tax Treaty rates if the submitted documents are incomplete or unsatisfactory. Shareholders must submit all tax exemption forms and supporting documents via the web portal managed by M/s. Integrated Registry Management Services Pvt Ltd by June 3, 2026. Communications received after this date will not be considered for the dividend payment. The company will email TDS certificates to registered email IDs post-payment, and credits will be reflected in Form 26AS.