Hatsun Agro Q1 FY26 profit up 3.6%, dividend Rs 6

Snapshot: dairy major’s latest disclosures

Hatsun Agro Products Ltd, an FMCG consumer food company focused on dairy, reported a stronger start to FY26 and announced an interim dividend, alongside several disclosures that investors typically track closely. The company operates largely as a single segment business centred on milk and milk products such as curd, ice creams, dairy whitener, skimmed milk powder, ghee and paneer.

The latest set of updates in the provided data spans quarterly results, dividend details, share price moves and selected full-year metrics for FY2024-25. It also includes risk flags such as an FII/FPI shareholding reduction in the last quarter and a note on degrowth in revenue, profits and operating profit margin on a quarter-on-quarter basis in recent results.

Q1 FY26: consolidated numbers and what moved the stock

For Q1 FY26 (quarter ended June 2025), Hatsun Agro reported a consolidated net profit of ₹135.19 crore, up 3.6% year-on-year, on a 9.1% rise in revenue from operations to ₹2,590.28 crore. Profit before tax (PBT) for the same period increased 4.9% to ₹184.24 crore.

Total expenses rose 9.46% year-on-year to ₹2,409.96 crore in Q1 FY26. The cost of material consumed was ₹1,569.87 crore (up 2.19% YoY), employee benefit expense was ₹68.86 crore (up 16.63% YoY), and finance cost was ₹43.38 crore (down 5.41% YoY).

After these results, the stock was reported to have rallied 5.36% to ₹1,003 in that session. Separately, the provided data also lists Hatsun Agro’s share price at ₹921.75 at market close, with a day high of ₹954 and a day low of ₹911.45.

Standalone Q1 FY26: revenue, profit and EPS

Alongside consolidated performance, the data also lists standalone figures for Q1 FY26. Revenue from operations was ₹2,534.91 crore, compared with ₹2,375 crore in Q1 of the previous year and ₹2,210 crore in Q4 FY25.

Standalone profit after tax (PAT) for Q1 FY26 was ₹148.08 crore, up from ₹130.54 crore in Q1 of the previous year and ₹49.64 crore in Q4 FY25. Basic EPS for the quarter was ₹6.65, compared with ₹5.86 a year ago and ₹2.23 in Q4 FY25.

Dividend: Rs 6 interim payout and key dates

The board declared an interim dividend of ₹6 per equity share. One disclosure describes it as “600%” on fully paid-up equity shares (face value referenced as ₹1 per share in one section of the provided text).

The record date for the dividend is 24 July 2025, and the dividend is to be paid on or before 16 August 2025. The data also references a dividend declaration of ₹6 per share on 18 July 2025 for the quarter ending June 2025, translating to a dividend yield of 0.64%.

Q3 FY26: YoY surge, QoQ drop in net profit

For Q3 FY2025-26 (as on December 2025), the data reports revenue of ₹2,363.72 crore and net profit of ₹60.58 crore. It also states that net profit jumped 47.97% compared with the same period last year.

At the same time, it flags a -44.7% quarter-on-quarter fall in net profit over the prior three months. This aligns with the broader “Threats” note in the input that points to degrowth in revenue, profits and operating profit margin in recent results on a QoQ basis.

FY2024-25: income, PBDIT and net profit growth

For FY2024-25, the company reported total income of ₹8,686.71 crore, compared with ₹8,012.98 crore in the previous year, an increase of 8.41%. PBDIT rose to ₹1,033.13 crore in FY2024-25 from ₹921.54 crore in FY2023-24, up 12.11%.

Net profit for the year was ₹285.44 crore, compared with ₹267.27 crore in the previous year, representing 6.80% growth. The company also stated there was no change in the nature of business during the year under review.

Acquisition effect: why consolidated YoY comparisons can mislead

A key caveat in the provided text is that Q1 FY26 consolidated results should not be directly compared with Q1 FY25 consolidated results. The reason cited is the acquisition of Milk Mantra Dairy Private Limited (MMDPL), which was fully acquired in January 2025 for about ₹233 crore, and became a wholly owned subsidiary from 27 January 2025.

As presented, Q1 FY25 consolidated results largely reflected Hatsun’s standalone base, while Q4 FY25 and Q1 FY26 consolidated figures include MMDPL. That structural shift can inflate or distort year-on-year comparisons in consolidated reporting.

Other corporate actions mentioned in the data

The input also references a proposed equity investment by Daylight Private Limited, either via equity investment or acquiring shares. The total equity investment is pegged at ₹9.8 crore, and the stake is stated to be less than 20%, with a note that it is not a related party transaction.

Separately, the company disclosed a deal to buy two residential properties for providing accommodation to directors, from Raj Watercape Properties Private Limited, at a cost of ₹19.25 crore. The text also references a five-year term starting 19 October 2025 through 18 October 2030, without additional quantified details.

Key numbers table

Market-impact cues investors are tracking

Two risk markers are explicit in the data. First, FII/FPI shareholding is stated to have decreased in the last quarter, which can influence near-term sentiment even when business performance is stable. Second, the input highlights quarter-on-quarter degrowth in revenue, profits and operating profit margin in recent results, which can raise questions around seasonality, input cost swings, or operating leverage.

At the same time, the Q1 FY26 standalone and consolidated performance shows higher revenues and profits versus the comparable periods stated, and the interim dividend provides a clear near-term cash return signal. Investors will also likely separate the standalone trend from consolidated optics, given the MMDPL acquisition effect on reported year-on-year comparisons.

Conclusion

Hatsun Agro’s Q1 FY26 updates combine profit growth, a ₹6 interim dividend with fixed record and payment dates, and disclosures that affect how investors should read consolidated trends. The next set of comparable quarters will continue to reflect the post-acquisition structure, making like-for-like analysis more dependent on standalone performance and sequential trends.