Hatsun Agro Product Limited delivered impressive financial performance for the quarter ended December 31, 2025, demonstrating strong growth across key metrics. The dairy major's consolidated results reflect robust demand for its diverse product portfolio and effective operational execution.

Financial Performance Highlights

The company reported a 48% year-on-year growth in net profit to ₹60.6 crore for Q3FY26, compared to ₹41 crore in the same quarter last year. Revenue from operations reached ₹2,364 crore, representing a significant 17.6% increase from ₹2,010 crore recorded in Q3FY25.

Operational Performance and Market Dynamics

Earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 19.2% to ₹256 crore, while EBITDA margin improved by 10 basis points to 10.8% from 10.7% a year earlier. The growth was supported by steady consumer demand across core dairy categories and stable milk procurement from the company's extensive network of over 400,000 carefully selected farmers.

Management Commentary

RG Chandramogan, Chairman of Hatsun Agro Product Limited, highlighted that the performance reflects a strong foundation the company has built over the years. "We continued to strengthen our core dairy portfolio while expanding our presence across priority markets. A consistent focus on efficiency across the value chain from farmer engagement to last-mile distribution has helped us maintain quality and freshness," he said.

The growth is driven by distribution reach, capacity additions, and continued investments in sales and brand building, according to the Chairman.

Market Response and Stock Performance

Shares of the company traded marginally higher post the results announcement, trading at ₹930.40 apiece, up 0.70% from the day's opening on the NSE. The positive market response reflects investor confidence in the company's operational performance and growth trajectory.

Corporate Governance and Distribution Network

The Board of Directors approved several key decisions alongside the quarterly results, including the re-appointment of M/s. Ernst & Young LLP as Internal Auditors for FY 2026-27. Hatsun Agro Product maintains a strong market presence with over 4,000 HAP daily Exclusive Stores across multiple states, ensuring greater accessibility to its diversified brand portfolio including Arun Ice creams, Arokyaa Milk, Hatsun Dairy Products, ibaco, Santosa, and Milky Moo.

Hatsun Agro Product Limited has delivered exceptional financial performance in the third quarter, showcasing strong operational efficiency across key metrics. The dairy and food products company reported significant improvements in revenue, profitability and operational margins, reflecting robust business fundamentals and effective cost management strategies.

Comprehensive Financial Performance

The company's Q3 results demonstrate substantial growth across multiple financial parameters. Revenue, profit and operational metrics showed strong year-on-year improvements, indicating the company's strengthened market position in the competitive FMCG sector.

Strong Revenue and Profitability Growth

The company achieved revenue of ₹2,314.00 crores in Q3, representing a year-on-year growth of 15.12% from ₹2,010.00 crores in the corresponding quarter of the previous year. Net profit performance was even more impressive, reaching ₹67.10 crores compared to ₹40.90 crores in the same period last year, marking a substantial increase of 64.06%.

Operational Efficiency Improvements

Hatsun Agro Product's EBITDA performance showed solid growth, rising 20.09% to ₹257.00 crores from ₹214.00 crores in the same quarter last year. More importantly, the company improved its EBITDA margin to 11.11% compared to 10.65% in the previous year, indicating enhanced operational leverage and cost optimization measures.

Market Position and Outlook

Operating in the competitive FMCG sector with focus on dairy and food products, Hatsun Agro Product Limited has demonstrated its ability to navigate market challenges while maintaining strong growth momentum. The substantial improvements in revenue, profitability and operational metrics reflect the company's continued focus on business optimization and market expansion strategies in the dairy products segment.