| Dairy Farms Target | 6,0003-Year Goal |
|---|---|
| Market Cap | ₹25,957 CrFMCG Sector |
| Revenue TTM | ₹10,364 CrAnnual Operating |
| Day Change | 2.72%Stock Price |
| Order from | Government of Odisha and State Bank of India |
| Execution period | 3 years |
Key highlights
- Targets the establishment of 6,000 dairy farms in Odisha over a phased three-year period
- Strategic collaboration with State Bank of India for institutional financing of dairy operations
- Leverages the Mukhyamantri Krushi Udyog Yojana (MKUY) for government subsidy access
- Focuses on improving bovine breeds, cattle housing, farm mechanisation, and nutrition
- Aims to meet consumer demand in Odisha and export to West Bengal and North Andhra Pradesh
What Is the Partnership?
The 'Go-Dhan' initiative is a flagship collaboration between Hatsun Agro Product Ltd, the Department of Fisheries & Animal Resources Development of the Government of Odisha, and State Bank of India. This partnership aims to empower rural dairy farmers by facilitating access to institutional finance and various government schemes. By integrating modern dairy practices and technology, the initiative seeks to support the development of 6,000 dairy farms across 15 districts in Odisha.
Farmers will be assisted in acquiring quality bovine breeds, improving cattle housing, and implementing farm mechanisation. The program specifically utilizes the Mukhyamantri Krushi Udyog Yojana (MKUY) to provide affordable capital for expanding dairy operations.
What It Unlocks
This strategic tie-up allows Hatsun Agro to build a robust dairy value chain in Odisha, shifting its focus toward regional procurement and production. By producing milk locally, the company can efficiently meet consumer demand within the state while positioning itself to export to neighbouring markets such as West Bengal and North Andhra Pradesh. The initiative is designed to transform Odisha into a dairy-rich state, providing a stable source of income for farming communities through secondary agriculture.
This approach not only enhances regional productivity but also creates long-term prosperity for rural households by integrating them into a modernized dairy ecosystem.
Business Overview
Hatsun Agro Product Ltd is India's largest private sector dairy, recognized for its extensive brand portfolio including Arun Icecreams, Arokya Milk, Ibaco, and Hatsun. For decades, the company has maintained a dominant presence in the South Indian dairy and animal husbandry sectors. Its integrated model encompasses direct milk procurement from thousands of farmers, processing facilities, and a widespread retail distribution network.
The company emphasizes scientific farm management and productivity enhancement to ensure quality across its supply chain. The expansion into Odisha marks a significant step in diversifying its geographical footprint and strengthening the regional dairy economy outside its core southern markets.
Financial Context
Hatsun Agro possesses a market capitalization of approximately ₹25,956.92 crore, with promoters holding a substantial 73.17% stake. The company reported a trailing twelve-month operating revenue of ₹10,364.07 crore, supported by an annual revenue growth rate of 14.81% and net profit growth of 24.79%. Currently, the stock trades at a P/E ratio of 69.72, compared to the industry average of 58.48.
Technical indicators show a Day RSI of 55.13 and a Day MFI of 82.06, placing it in a neutral momentum zone. Over the last year, the stock price has appreciated by 30.11%, consistently trading above its 200-day moving average of 960.62.
“At Hatsun Agro Product Ltd., we have played a significant role in the development of the dairy sector and animal husbandry across South India for decades. Our journey has always been guided by the belief that the prosperity of dairy farmers is the foundation of a strong and sustainable dairy industry.”
“Through the Go-Dhan initiative, we aim to support the establishment of more than 6,000 dairy farms, over the next three years in a phased manner. This initiative is designed to improve farmer incomes, encourage scientific dairy farming, and create a sustainable dairy ecosystem in Odisha.”
| Share price | ₹1165.3 |
|---|---|
| Market capitalisation | ₹25,956.92 Cr |
| Revenue (annual) | ₹9,959.22 Cr |
| Net profit (annual) | ₹356.20 |
| P/E (TTM) | 69.72×Sector 43.4× |
| Promoter holding | 73.17%0.00% QoQ |
| FII holding | 3.13%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Hatsun Agro Product Ltd announcing a partnership with the Government of Odisha and State Bank of India to launch the Go-Dhan initiative. Market figures from a third-party data provider.
Track Hatsun Agro Product live
Get the next Hatsun Agro Product filing on Telegram seconds after it lands. 15 days free.
