HATSUN

** Shares of Hatsun Agro Product HAPL.NS fall as much as 7.2% to 964.75 rupees, sharpest intraday pct loss since Aug. 5, 2024; currently down 6.8%

** Dairy products maker reports ~29% Y/Y fall in Q3 PAT, rev from ops up 6.5% Y/Y

** Total expenses jump 7.8% Y/Y

** ICICI Securities downgrades stock to "Add" from "Buy", cuts TP to 1,140 rupees from 1,250 rupees

** Sees signs of rising milk procurement prices due to a delayed and weaker-than-expected flush season

** Expects prices to inch higher in Q4 FY25–26, reckons there is potential for margin impact for dairy cos this fiscal

** More than 86,000 shares change hands, 2.5x of 30-day avg

** Stock fell 15.5% in Dec qtr, snapping two straight quarterly gains

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Jan 16 (Reuters) - Hatsun Agro Product Ltd HAPL.NS:

• DEC-QUARTER PAT 409.4 MILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 20.1 BILLION RUPEES

Source text: ID:nBSE5GgxJ

Further company coverage: HAPL.NS

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Nov 4 (Reuters) - Hatsun Agro Product Ltd HAPL.NS:

• SEPT-QUARTER PAT 643.2 MILLION RUPEES

• SEPT-QUARTER REVENUE FROM OPERATIONS 20.72 BILLION RUPEES

Source text: ID:nBSE4MWKKh

Further company coverage: HAPL.NS

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Sept 12 (Reuters) - Hatsun Agro Product Ltd HAPL.NS:

• DESIGNATED J SHANMUGA PRIYAN AS MD

Source text for Eikon: ID:nBSECdQpM

Further company coverage: HAPL.NS

(Reporting by VijayDattaram Malkar)

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Sept 4 (Reuters) - Hatsun Agro Product Ltd HAPL.NS:

• HATSUN AGRO PRODUCT - TO CONSIDER PROPOSAL OF INVESTMENT INTO HUOBAN ENERGY 11

Source text for Eikon: ID:nBSE9n0rvZ

Further company coverage: HAPL.NS

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** Hatsun Agro Product HAPL.NS shares up as much as 18% to highest since Nov 2021

** Arun icecream maker on Monday posted 63% surge in Q1 profit, while rev rose 10.4% on strong sales volume and higher margins

** See margin expansion to continue through FY25 on lower input prices, utilisation of low-priced skimmed milk product

inventory, ICICI Securities said in a note

** ICICI raised FY25/26 earnings by 4.4%/4% to factor in the better-than-expected results

** Including day's gain, stk up 4.3% YTD vs 79% gain in rival Heritage Foods HEFI.NS and 31% rise in Dodla Dairy DODL.NS

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** Shares of Hatsun Agro Product HAPL.NS rise as much as 13.7% to 1,164.4 rupees, highest level since Jan. 19

** Stock last up 11.6%

** Milk products maker says its Q4 profit more than doubled to 521.6 mln rupees ($6.3 mln) from a year ago; revenue from operations rose 14.4%

** HAPL set for best one-day rise since Feb. 1, 2022 and gain for third straight session, if trend holds

** Stock moved above its 50-day, 100-day, and 200-day SMAs, indicating bullish sentiment

** Trading vol is 31.8x the 30-day daily avg, tops 600,000 for the first time since Sept. 15, 2023

** Stock up about 1% YTD after rising 25.2% in 2023

($1 = 83.3090 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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April 22 (Reuters) - Hatsun Agro Product Ltd HAPL.NS:

• MARCH-QUARTER PAT 521.6 MILLION RUPEES VERSUS 250 MILLION RUPEES

• MARCH-QUARTER REVENUE FROM OPERATIONS 20.47 BILLION RUPEES VERSUS 17.89 BILLION RUPEES

Source text for Eikon: ID:nBSEbZBjwR

Further company coverage: HAPL.NS

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** Shares of milk producer Dodla Dairy DODL.NS up as much as 3.4% at 916.40 rupees

** Investec initiated coverage on Indian dairy firms DODL, Hatsun Agro HAPL.NS, Heritage Foods HEFI.NS and Parag Milk Foods PAMF.NS, picks DODL as the most preferred stock

** Brokerage expects DODL to outshine its peers in various aspects including robust core business, effective capital utilization and reasonable valuations

** Rates DODL at "buy" with Street-high PT of 1,400 rupees - LSEG

** Meanwhile, Investec's ratings on HEFI and PAMF also at "buy"; HAPL rated "sell"

** DODL only stock among major dairy firms with YTD gains, HEFI, PAMF and HAPL all post YTD losses between 1.1% and 12.5%

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

** Shares of Dodla Dairy DODL.NS rise as much as 7.5% to a record high of 945.90 rupees

** DODL's Dec-qtr consolidated net profit climbs 16.8% Y/Y on a 10.6% increase in revenue from operations

** Co says average milk procurement up 36.7%

** Stock set to rise for third straight session, if gains hold

** More than 144,000 shares traded, 1.3x the 30-day average volume

** Analysts' avg rating on DODL, rival Heritage Foods HEFI.NS is "strong buy," Hatsun Agro Product HAPL.NS has 'hold' rating - LSEG data

** DODL and HEFI up ~6% and 7.7%,respectively YTD, while HAPL down 2.4%

($1 = 83.1310 Indian rupees)

(Reporting by Rama Venkat)

(([email protected]; https://twitter.com/ramavenkat0607;))

BENGALURU, Jan 19 (Reuters) - India's Hatsun Agro Product HAPL.NS, which sells products under brands such as Arun IceCreams and Arokya Milk, reported its slowest quarterly profit growth in three quarters, hurt by heavy floods in its home state of Tamil Nadu.

Last month, cyclone Michaung flooded a large part of the southern Indian state, which is home to 13 of Hatsun's 20 milk processing plants and, according to ICICI Securities, accounts for over half of the company's revenue.

The Chennai-based company's profit after tax rose 23.6% to 574 million rupees ($6.91 million) in the three months ended December 31, its slowest since the 2023 March quarter.

Total expenses, led by raw material costs, rose 11.2%. This offset Hatsun's 11.3% rise in revenue - the highest revenue growth the company has recorded since the 2023 March quarter, coming on the back of a productive flush season.

The flush season runs from October to February, as lower temperatures lead to higher milk production, and is used by dairies to build supply for the lean season.

Rivals Heritage Foods HEFI.NS and Dodla Dairy DODL.NS will report third-quarter results later this month.

Shares of Hatsun Agro rose as much as 3.7% to hit a four-month high after the results, before giving up all the gains to trade 2.1% lower.

($1 = 83.1037 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru; Editing by Janane Venkatraman )

(([email protected]; +91 7982114624;))

** Shares of Hatsun Agro Product HAPL.NS, Heritage Foods HEFI.NS and Parag Milk Foods PAMF.NS up between 1% and 5.5%

** Maharashtra government has announced a subsidy of 5 rupees ($0.0601)/litre for milk farmers, local media reports

** Subsidy to be effective over next two months

** PAMF and HEFI have one plant each in Maharashtra, while HAPL has two plants

** If gains hold, PAMF set to snap two consecutive sessions of losses, while HEFI to rise for fourth straight session

** As of YTD, HAPL up ~25%, HEFI has risen 41% and PAMF climbed over 114%

($1 = 83.2240 Indian rupees)

(Reporting by Rama Venkat in Bengaluru)

(([email protected]; https://twitter.com/ramavenkat0607;))

** ICICI Securities expects margins for Indian dairy cos to

rise in H2FY24E–FY25E, post FY23–H1FY24E weakness

** Sees cos reporting EBITDA margin expansion in H2FY24 on lower raw material prices and benefit of carry-over of price hikes

** Costs for Indian farmers will likely reduce with stable cattle feed prices - ICICI Securities

** Says it remains positive on dairy sector on growth triggers like higher consumption of margin-accretive value-added products

** Adds, milk procurement prices to remain stable in H2FY24 due to commencement of flush season, normal monsoon and weakening impact of lumpy skin disease

** Prefers Heritage Foods HEFI.NS and Dodla Dairy DODL.NS with "buy" and keeps "hold" rating on Hatsun HAPL.NS

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

BENGALURU, Oct 19 (Reuters) - Indian milk processing firm Hatsun Agro Product HAPL.NS on Thursday posted a near 83% rise in second-quarter profit on strong demand for its milk and dairy products, with proceeds from a one-time asset sale contributing.

The company, which sells products under brands such as Arun Ice Cream, Arokya Milk and Hatsun Curd, said its profit after tax rose to 775.7 million rupees ($9.32 million) for the quarter ended Sept. 30, from 424.8 million rupees a year earlier.

Revenue from operations rose 9% year-on-year to 19.05 billion rupees, offsetting a 7.4% rise in total expenses to 18.18 billion rupees.

The cost of raw materials, which accounts for 88% of the total expenses, grew 25.5%.

Earlier this month, analysts at Elara Capital said they anticipate sustained sales growth in India's dairy industry as it continues to see an uptick, driven by increasing demand in urban centres.

The Chennai-based Hatsun also realised 101.3 million rupees from the sale of windmills in September, classifying the amount under the 'other income' segment in its quarterly financial result on Thursday.

Peer Heritage Foods HEFI.NS on Wednesday reported a more than 17% jump in its second-quarter profit.

Shares of Hatsun Agro closed 0.5% up ahead of the results.

($1 = 83.2194 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru; Editing by Janane Venkatraman)

(([email protected]; +91 7982114624;))

Aug 3 (Reuters) - Hatsun Agro Product Ltd HAPL.NS:

• CHOCOLATE MANUFACTURING UNIT HAS STARTED ITS COMMERCIAL PRODUCTION

Source text for Eikon: ID:nBSE2gf9Pn

Further company coverage: HAPL.NS

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BENGALURU, July 31 (Reuters) - India's Heritage Foods HEFI.NS posted a first-quarter profit on Monday that more than doubled, as higher milk prices and sales boosted revenue.

The Hyderabad-based dairy products company said its consolidated net profit stood at 167.4 million rupees ($2 million) for the quarter ended June 30, compared with 72.8 million rupees a year earlier.

Milk prices in India hit a peak during the June quarter as a muted production season and heat waves resulted in lower output, analysts at ICICI Securities said.

The average selling price of milk shot up 11% year-on-year, boosting the company's revenue from the dairy business - its biggest segment - by 12% to 9.13 billion rupees.

The segment, which comprises both milk and milk-based products, also contributed more than 98% to the company's total revenue, while earnings before interest, taxes, depreciation and amortization (EBITDA) surged 67.9%.

The rise in revenue helped soften the impact of an 11% rise in total expenses to 9.01 billion rupees, led by an 11% increase in the cost of material consumed. Average milk procurement rose 9% to 1.52 million litres per day during the quarter.

Heritage Foods, which counts ice cream, buttermilk and ghee among its products, said its total revenue from operations rose 12.5% to 9.24 billion rupees.

Earlier this month, peer Hatsun Agro product HAPL.NS said it posted a 54% rise in its June-quarter profit.

Shares of the dairy producer closed down 6.75% at 246.75 rupees after the results.

($1 = 82.2670 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru; Editing by Sonia Cheema and Janane Venkatraman)

(([email protected];))

** Shares of Hatsun Agro Products Ltd HAPL.NS surge as much as 12.4% to 1,096.9 rupees, biggest intraday pct. gain since March 14

** Milk products maker reports June-qtr profit-after-tax rise of 54.3% to 801.6 mln rupees ($9.77 mln), aided by higher sales

** Stock trading above 50-, 100- and 200-day moving averages since June 15, suggesting bullish bias

** Trading volume at ~352,000 shares as of 9:40 a.m. IST, its most active session since Dec. 1

** Stock last up ~15% YTD

($1 = 82.0350 Indian rupees)

(Reporting by Biplob Kumar Das in Bengaluru)

(([email protected]))

July 19 (Reuters) - Hatsun Agro Product Ltd HAPL.NS:

• JUNE-QUARTER PAT 801.6 MILLION RUPEES VERSUS PROFIT 519.5 MILLION RUPEES

• JUNE-QUARTER REVENUE FROM OPERATIONS 21.51 BILLION RUPEES VERSUS 20.15 BILLION RUPEES

• DECLARED INTERIM DIVIDEND OF 6 RUPEES PER EQUITY SHARE

• APPROVED INVESTING INTO PAID UP SHARE CAPITAL OF FPEL DAYLIGHT AND FP ALPHA

• INVESTMENT FOR CONSUMING WIND AND SOLAR ENERGIES UNDER GROUP CAPTIVE CONSUMPTION FACILITY FOR CO'S PLANTS IN TAMILNADU

Source text for Eikon: ID:nBSE9WBtf

Further company coverage: HAPL.NS

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** Shares of dairy firm Hatsun Agro Product Ltd HAPL.NS up as much as 5.01% at 929 rupees, highest since May 2

** Co said on Wednesday it was considering sale of its windmill division on slump sale basis

** Shares trading above 50-day and 100-day simple moving average, indicating bullish trend

** More than 71,053 shares changed hands by 10:00 A.M. IST, in heaviest trading day since May 11

** Stock posts steepest intraday climb since May 12

** Shares up 1.7% this year as of last close

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

June 7 (Reuters) - Hatsun Agro Product Ltd HAPL.NS:

• TO CONSIDER PROPOSAL FOR SALE OF WINDMILL DIVISION OF CO

• PROPOSAL ON SLUMP SALE BASIS

Further company coverage: HAPL.NS

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** Shares of Hatsun Agro Product Ltd HAPL.NS fall as much as 2.8% to 847.15 rupees

** The dairy firm on Tuesday said March-qtr net profit slumped 15.7% to 249.9 mln rupees ($3.06 mln) while rev from ops rose 10% YoY

** This is HAPL's steepest pct loss since April 3

** Nearly 60,000 shares change hands by 12:56 p.m. IST, 3.1x the 30-day avg - Refinitiv Data

** Stock trading below its 100- and 200-day moving averages

** Stock last down 1.2%, extending YTD losses to 5.3%

($1 = 81.7800 Indian rupees)

(Reporting by Priya Sagar in Bengaluru)

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