Hatsun Agro Product has reported a 60 per cent jump in net profit for the third quarter of the current year, as compared to the corresponding period of the previous year.

Investments in expanding capacities, infrastructure and branding, have all paid off giving the company, the largest private sector dairy player, the benefit of economies of scale.

Net profit

Hatsun has reported a net profit of ₹17.55 crore (₹10.87 crore) on a total income of ₹830.09 crore (₹713.22 crore) for the quarter ended December 31, 2015.

The company procures and markets liquid milk under the brand name Arokya; ice creams branded Arun Icecreams and Ibaco; a range of dairy products under the brand Hatsun.

RG Chandramogan, Managing Director of Hatsun Agro, said the company has managed to report a good performance despite adverse weather conditions, including intense rains and flooding in Tamil Nadu.

Ice cream sales

Sales of ice creams and curd had been hit more than usual during the season, which is even under normal conditions a low period. Situation returned to normal around December 15, and the worst is behind, he said.

Related Topics
comment COMMENT NOW