Dairy products maker Hatsun Agro Products has crossed the
Rs 2,000 crore sales mark during the quarter ending June 30, 2022 for the first time, the company said on Wednesday.
The city-based company reported revenues of Rs 2,014.60 crore for the quarter ending Jun 30, 2022 as against Rs 1,538.78 crore registered during corresponding quarter previous year.
Strong sales recovery in the domestic market post the COVID-19 pandemic with good summer sales led to highest ever quarterly sales volume, company chairman RG Chandramogan said in a statement here.
The profit after tax for the quarter under review stood at Rs 51.95 crore as compared to Rs 58.33 crore registered corresponding quarter previous year.
"We are happy to report good growth in revenue and crossing Rs 2,000 crore sales mark for the first time in a quarter. All our business segments did well with our leading brands registering healthy sales growth," Chandramogan said.
"Hatsun Agro Products retail expansion in the last two years helped us reach customers in new markets like Maharashtra, Odisha, West Bengal and Madhya Pradesh and also supported existing strong base in South India", he said.
Hatsun Agro Products in the last financial year invested about Rs 450 crore across new manufacturing facilities for capacity expansion in ice cream, milk, curd, milk products and cattle feed.
"The new capacities will further support our sales plans for FY 2022-23. Considerable investments have also been made to strengthen distribution, sales and marketing of our brands," he said.
The company has commenced exports of its popular Arun ice cream brand to Singapore and Maldives in the last quarter. It has plans to further widen the international reach of Arun ice creams, the statement added.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app