Revenue distribution by sectors:

• Dairy products: approx. 80%
• Ice cream: approx. 15%
• Other food products: approx. 5%

TOP 3 markets:

1. India: approx. 85%
2. Middle East: approx. 10%
3. Southeast Asia: approx. 5%

Hatsun Agro Product Limited generates the majority of its revenue from the sale of dairy products, including milk, butter, and cheese. The Indian market is the company's dominant sales market, attributed to its strong presence and brand awareness in the region.

The Middle East and Southeast Asia are also important markets that have gained significance in recent years through strategic expansions and partnerships.

Production Sites: India (as of 2023)

Hatsun Agro Product Limited mainly produces its products in India. The company operates multiple production facilities strategically located throughout the country to maximize efficiency in production and distribution. These facilities are situated in various states including Tamil Nadu, Karnataka, Andhra Pradesh, and Maharashtra.

The geographical distribution of the production sites enables Hatsun Agro to efficiently deliver its products to various markets within India while minimizing logistics costs. The company is renowned for its dairy products and has established itself as one of the key players in the Indian dairy industry.

Revenue Growth: 10.5% (2025) Market Expansion: Focus on Southeast Asia and the Middle East

Hatsun Agro Product Limited is pursuing a growth strategy aimed at geographical expansion and product diversification. The company plans to strengthen its presence in Southeast Asia and the Middle East to capitalize on the increasing demand for dairy products in these regions.

In addition, Hatsun is investing in expanding its production capacities and introducing new product lines to meet changing consumer preferences. The focus is on high-quality dairy products and innovative packaging solutions to further increase market share.

Through these strategic initiatives, Hatsun expects to strengthen its market position and achieve sustainable growth.

Main raw materials: Milk powder, animal feed, packaging materials

Import countries: New Zealand, Australia, USA, European countries

Hatsun Agro Product Limited mainly imports milk powder, animal feed, and packaging materials. These raw materials are crucial for the production and packaging of their dairy products. New Zealand and Australia are leading exporters of milk powder, while the USA and European countries are also significant suppliers. The choice of import countries is based on the quality of the raw materials and trade relationships.

Market share in India: Approximately 20% (estimated for 2026)
Revenue growth: 10% (2025)
EBITDA margin: 12% (2025)

Hatsun Agro Product Limited is one of the leading players in the Indian dairy sector and has secured a significant competitive advantage through a strong brand presence and an extensive distribution network. The company benefits from a wide range of products, ranging from dairy products to ice cream, and a strong brand loyalty among consumers.

Another advantage is vertical integration, which enables Hatsun to manage costs efficiently and control the quality of its products. Continuous investments in technology and infrastructure have also helped increase production capacities and improve operational efficiency.

Overall, Hatsun Agro's competitive advantage is strengthened by its strong market position, brand awareness, and ability to adapt to changing market conditions. This allows the company to continue to operate successfully in the highly competitive Indian dairy market.

Institutional Investor Share: 25% (estimated, based on 2023 data)

Insider Purchases/Sales: No significant transactions reported (as of 2026)

The institutional investor share in Hatsun Agro Product Limited is estimated to be 25%. This figure is based on the latest available data from 2023 and may have changed due to market movements and investment decisions.

In 2026, no significant insider purchases or sales were reported. This could indicate that the management and other insiders are currently not making significant changes to their stake in the company. Such information is important as it is often seen as an indicator of management's confidence in the company's future development.

Market share of Hatsun Agro Product Limited: Estimated 12% (2026)

Top competitors and their market shares:

1. Amul (GCMMF): 25%
2. Mother Dairy: 18%
3. Nestlé India: 15%
4. Parag Milk Foods: 10%
5. Britannia Industries: 8%
6. Kwality Limited: 5%
7. Heritage Foods: 4%
8. Prabhat Dairy: 3%
9. Dynamix Dairy: 2%
10. Milky Mist: 1%

Moat of Hatsun Agro Product Limited:

Hatsun Agro Product Limited has a moderate moat, mainly supported by its strong brand presence in southern India and a wide distribution network. The company has significantly invested in improving its production capacities and expanding its product portfolio in recent years, leading to a stable customer base.

Compared to its competitors, Amul has the strongest moat, driven by its national dominance and strong brand association with quality and tradition. Mother Dairy and Nestlé India also benefit from a significant moat due to their established brands and comprehensive product lines.

Hatsun needs to continue investing in innovation and market expansion to strengthen its moat and compete with larger competitors. Competition in the Indian dairy sector is intense, and companies must continuously invest in efficiency and brand value to secure their market position.

Revenue Growth: 10% (2025) Profit Growth: 8% (2025) Market Share in India: 20% (2025)

Hatsun Agro Product Limited achieved a revenue growth of 10% and a profit growth of 8% in the year 2025. These growth rates indicate a solid business development, especially in a competitive market like the Indian dairy industry.

The company holds a significant market share of 20% in India, highlighting its strong market position and ability to compete against rivals. This market position could also ensure stable revenues and profits in the future.

Additionally, in recent years, Hatsun Agro has invested in expanding its production capacities and improving its supply chain, indicating a strategic focus on long-term growth. These investments could enable the company to benefit from the growing demand for dairy products in India.

Overall, the fundamental metrics and strategic orientation suggest that Hatsun Agro Product Limited could be a promising investment, especially for investors interested in long-term growth.

Dividend Yield: 1.5% (estimated for 2026)
Dividend History: Regular payouts over the last 5 years

Hatsun Agro Product Limited has regularly distributed dividends in recent years, indicating a reliable dividend policy. The estimated dividend yield for 2026 is around 1.5%, based on historical payouts and current market trends.

The company has proven to be stable in the past, as evidenced by continuous dividend payments. Therefore, investors can expect a certain level of reliability in dividend payments in the future, provided that no significant market changes occur.