Hatsun Agro Product Ltd has reported a 14 per cent jump in net profit for the first quarter of the current year compared with the corresponding quarter previously.
The company reported a net profit of Rs 15.86 crore (Rs 13.89 crore) on a total income of Rs 604.84 crore (Rs 490.51 crore) for the quarter ended June 30, 2013.
During the quarter, advertisement and promotional expenses for the company’s exclusive ic- cream outlets Ibaco and Hatsun curd have added to the outgo in the current quarter.
The company has opened 90 Ibaco outlets in Tamil Nadu, Karnataka and Andhra Pradesh and will further expand this chain.