Hatsun Agro Product Limited , a leading dairy company in India, has approved its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025. The company's Board of Directors has also declared and paid an interim dividend, marking significant corporate actions.

Financial Results and Dividend Declaration

• The company approved unaudited financial results for Q2 and H1 of FY 2025-26.
• An interim dividend of Rs 6.00 per equity share (600%) was declared and paid.
• The dividend was paid on 22.27 crore shares, totaling Rs 133.65 crores.
• This represents the first interim dividend for the financial year 2025-26.

Business Segment and Corporate Structure

• Hatsun Agro Product operates primarily in the milk and milk products segment.
• The company has a pending scheme for amalgamation with its wholly-owned subsidiary, Milk Mantra Dairy Private Limited.
• The amalgamation is subject to approval from the National Company Law Tribunal (NCLT).

Additional Notes

• The Board noted related party transactions for the reporting period.
• Specific financial metrics such as net profit, revenue, and EBITDA for the quarter were not provided in the update.

Investors and stakeholders may refer to future disclosures for more detailed financial information and corporate developments from Hatsun Agro Product Limited.

Hatsun Agro Product Limited Chairman, R G Chandramogan, has expressed optimism about the potential impact of proposed GST rate changes on dairy products in a recent interview with NDTV Profit. The proposed reduction in GST rates from the current 12% (and up to 18% on ice cream) to a flat 5% rate is expected to have far-reaching effects on the dairy industry and Hatsun Agro's business prospects.

Potential Impact of GST Rate Cut

Chandramogan highlighted several key benefits of the proposed GST reduction:

1. Boosting Demand: The chairman expects the rate cut to significantly increase demand for dairy products in the domestic market.

2. Improving Export Competitiveness: The reduced tax burden is anticipated to make Indian dairy products more competitive in the global market.

3. Benefiting Farmers: Lower GST rates are expected to enable better payments to farmers, potentially increasing milk production.

4. Bridging Urban-Rural Gap: Improved cash flow for farmers could lead to increased spending on other commodities, potentially narrowing the urban-rural economic divide.

Export Opportunities

Chandramogan emphasized the untapped export potential for Indian dairy products. He stated, "India is a country with 240 million tons of production, but still our exports are hardly 1 million versus 20 million tons of New Zealand." The chairman believes that with the GST reduction, India could become a "powerhouse" in dairy exports.

Hatsun Agro is already exporting ice cream to eight countries and expects exports to increase. Chandramogan expressed confidence that the company would see immediate benefits from the proposed tax cut, stating, "Second half itself the export will start happening because we are already exporting our own ice cream to about eight countries and we are gaining momentum."

Financial Performance and Outlook

While Hatsun Agro reported weaker-than-expected Q1 performance with 9% revenue growth against 15% guidance, Chandramogan remains optimistic about the company's prospects:

• The company expects to achieve 15% growth for H1.
• Management anticipates better performance in H2.
• The chairman describes the next fiscal year as potentially 'glorious'.

Industry-wide Impact

Chandramogan believes the GST reduction will have a three-pronged positive effect:

1. Better for consumers due to potentially lower prices
2. Improved income for farmers
3. Increased export opportunities

He also expressed doubt about the threat of US dairy imports to the Indian market, citing differences in feeding practices and consumer preferences. However, he acknowledged that New Zealand could pose a more significant competitive threat if imports were to increase.

In conclusion, Chandramogan's comments reflect a highly optimistic outlook for both Hatsun Agro and the Indian dairy industry, contingent on the implementation of the proposed GST rate cut. The company appears well-positioned to capitalize on both domestic growth and expanding export opportunities in the coming years.