Hatsun Agro Product has reported higher profit for the September quarter, helped by strong sales despite a difficult operating environment for the industry.
Net profit came in at Rs 115.69 crore, compared with Rs 109.54 crore in the same quarter a year earlier. That is a rise of 5.6%.
Total income also climbed, reaching Rs 2,902.49 crore. The company’s sales were strong even as the industry faced hurdles.
Focus on customers and new markets
Alongside the numbers, Hatsun Agro said it wants to build closer, more direct relationships with consumers. It is also working to widen its presence in Maharashtra and Odisha, two markets where it is looking to grow its footprint.
Spending on the supply chain
The company said it will keep investing in the core systems that underpin its business. These cover procurement, processing and distribution, the stages that take products from suppliers to the customers who buy them.
What it means
The quarter’s results show a company growing both its income and its bottom line at the same time. The push into Maharashtra and Odisha, along with continued spending on its supply chain, points to a strategy built on reaching more consumers directly while strengthening the operations behind its products.
The figures are for the September quarter and are compared with the same period last year. Hatsun Agro’s emphasis on direct consumer ties and on regional expansion suggests it sees those areas as important drivers of future growth, even as the wider industry deals with its own challenges.