Hatsun Agro Products Limited (NSE: HATSUN) is a leading Indian dairy company, engaged in the production and sale of milk, milk products and other dairy-based consumer products. The company’s revenue mainly comes from the sale of milk and milk products like curd, butter, ghee, ice cream and paneer. Hatsun reported revenue of ₹1,695.17 Crore for Q3 2023, an increased of 7.5% compared to the same period last year. Net profit for the quarter was ₹46.43 Crore, down 3% year on year. The decrease in profit was due to inflation in raw material (milk cost) which increased 15% year on year.
Hatsun Agro Products Limited’s share price closed at ₹1000 on Jan 20 2023, representing a decrease 0.7% from the previous 6 months. The stock underperformed the broader market, with the Nifty 50 index increasing by 8.5% during the same period.
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