Hatsun Agro Product Limited has received an ESG rating from SES ESG Research Private Limited, a SEBI-licensed ESG Rating Provider. The company informed stock exchanges on January 20, 2026, about this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

ESG Rating Details

SES ESG Research Private Limited has assigned an ESG score of 56.2 to Hatsun Agro Product Limited. The rating assessment was conducted voluntarily by the rating agency without any formal engagement from the company.

Independent Assessment Process

The company clarified that it has not engaged SES ESG Research Private Limited for this ESG assessment. The rating has been independently determined by the research firm based solely on publicly available information pertaining to Hatsun Agro Product Limited.

This voluntary assessment approach allows rating agencies to evaluate companies' environmental, social, and governance practices using disclosed data without requiring direct company participation or engagement.

Regulatory Compliance

Hatsun Agro Product Limited has communicated this ESG rating development to both major stock exchanges where its shares are listed:

The notification was signed by C Subramaniam, Company Secretary and Compliance Officer, ensuring proper regulatory disclosure requirements are met under SEBI regulations.

Company Profile

Hatsun Agro Product Limited operates through multiple brand portfolios in the dairy and food products sector. The company's brand portfolio includes Arun Icecreams, Arokyaa, Hatsun, ibaco, Aniva, HAP daily, Hanobar Chocolates, Havia Chocolates, and Santosa For Healthy Cows, covering various segments of the dairy and confectionery market.

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.