In Q2 FY 22, the company registered sales of Rs1635.41 crores

Tamil Nadu-based Hatsun Agro Product, has announced its financial results for the quarter and six months ended September 30, 2021.

In Q2 FY 22, the company registered sales of Rs1635.41 crores as against Rs 1326.99 crores in Q2 FY 21 registered a growth of 23.24 per cent. In H1 FY22 sales were at Rs 3180.12 crores as against Rs 2606.27 crores registering a growth of 22.02 per cent.

PAT in Q2 FY22 was at Rs 82.09 crores as against Rs 65.79 crores in Q2 FY 21 registered a growth of 24.79 per cent. PAT in H1 FY22 was Rs 140.42 crores as against Rs 121.89 crores in H1 FY 21 registered a growth of 15.20 per cent.

RG Chandramogan, Chairman, Hatsun Agro Product said, “We are happy to report a decent growth in revenues albeit little shorter to our expectations, due to unprecedented monsoon exceeding more than 10 per cent from the normal, in the last few months, in entire South India and Maharashtra. These markets account for 95 per cent of our business. We are investing about Rs 450 crores in our business across new manufacturing facilities to expand capacities in ice cream, milk, curd, milk products and cattle feed and also in distribution, sales and marketing before the end of FY 2022. We will have enough capacities in all our divisions for FY 2022-23.”