Hatsun Agro targets 15% revenue growth, product expansion

Hatsun Agro Product Limited expects its revenues to grow by approximately 15% in the current fiscal year, according to its chairman. This projected growth is supported by the company's plans to introduce protein-based products by March 2026, capitalizing on increasing demand for healthy eating and recent consumption tax cuts on dairy products. The company also aims to expand its HAP Daily-branded stores by 10% annually over the next three years, adding to its existing portfolio of over 4,000 outlets.

In the fiscal year ended March 31, Hatsun Agro reported a 9% increase in revenue, reaching ₹87 billion. The company also plans to double its exports annually, targeting a ₹2 billion milestone within four years. This expansion will include new markets such as Seychelles and Oman. These initiatives are designed to leverage recent tax cuts, which have been deemed "good for the industry," and to address the growing consumer trend towards protein-enriched offerings, a market where rivals like Milky Mist and Amul have already made inroads.