Hatsun Agro Q1 Results FY27: Net Profit Falls 9.7% to Rs 133 Crore Despite 21.9% Revenue Growth

Hatsun Agro Q1 results FY27 were announced on Tuesday, 21 July 2026, with the company reporting the numbers summarised below on a standalone basis for the quarter ended 30 June 2026.

Shares of Hatsun Agro were trading down 2.67 at Rs 903.75 on the NSE as of Wednesday, 22 July 2026. The dairy products maker, known for the Arun Ice Creams and Arokya milk brands, saw strong sales growth undercut by rising milk procurement costs.

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Hatsun Agro Q1 Results FY27 Key Takeaways

Here are the most important numbers from the June 2026 quarter at a glance.

• Revenue: Rs 3,090 Cr in Q1 FY27 versus Rs 2,534 Cr in Q1 FY26, up 21.9% year on year.
• Gross Profit: Rs 199 Cr in Q1 FY27 versus Rs 241 Cr in Q1 FY26, down 17.4% year on year.
• Net Profit (PAT): Rs 133 Cr in Q1 FY27 versus Rs 148 Cr in Q1 FY26, down 9.7% year on year.
• Hatsun Agro shares were trading down 2.67 at Rs 903.75 as of Wednesday, 22 July 2026.

Hatsun Agro Q1 Results FY27 Financial Highlights

The table below summarises the standalone numbers reported in the Hatsun Agro Q1 results FY27 against the year ago quarter.

Metric	Q1 FY27	Q1 FY26	YoY Change
Revenue	Rs 3,090 Cr	Rs 2,534 Cr	+21.9%
Gross Profit	Rs 199 Cr	Rs 241 Cr	-17.4%
Net Profit (PAT)	Rs 133 Cr	Rs 148 Cr	-9.7%

All figures are on a standalone basis as reported for the quarter ended 30 June 2026.

Hatsun Agro Q1 Results FY27 Performance Analysis

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The Hatsun Agro Q1 results FY27 present a classic dairy sector cost squeeze. Revenue grew a strong 21.9%, but gross profit fell 17.4% and net profit fell 9.7%, a clear sign that raw milk procurement costs rose faster than the company could pass through in retail pricing.

Dairy businesses like Hatsun Agro are structurally exposed to milk procurement price cycles, which are influenced by monsoon quality, fodder costs and farmer level economics. When procurement costs spike, as the Hatsun Agro Q1 results FY27 suggest happened this quarter, margins compress even as volume driven revenue growth continues.

The comparatively modest 2.67% stock decline, smaller than the scale of the gross profit fall, suggests the market has some familiarity with the cyclical nature of dairy margins and may be looking through this quarter’s cost pressure to an eventual normalisation.

Hatsun Agro Q1 Results FY27: Key Business Factors

1. Milk Procurement Cost Pressure

Gross profit falling 17.4% despite 21.9% revenue growth in the Hatsun Agro Q1 results FY27 points squarely to raw milk costs rising faster than retail price realisation, the central dynamic in dairy sector economics.

2. Strong Underlying Volume and Revenue Growth

Revenue growth of 21.9% confirms continued demand strength for the company’s dairy and ice cream portfolio, a positive signal independent of the near term margin pressure.

3. Cyclical Margin Dynamics

Dairy sector margins are inherently cyclical, tied to seasonal and monsoon driven milk procurement costs, meaning the Hatsun Agro Q1 results FY27 likely reflect a cost cycle rather than a structural demand or pricing problem.

Dividend Details

Any dividend announcement accompanying the June 2026 quarter results will be reflected in the company’s official NSE and BSE filings. Investors should rely on those filings for dividend confirmation rather than secondary sources.

Hatsun Agro Q1 Results FY27 Outlook for the Full Year

After the Hatsun Agro Q1 results FY27, the key question is whether milk procurement costs ease in the coming quarters or whether the company needs to take retail price increases to restore margins. Historically, dairy companies have been able to pass through costs with a lag, and FY27 margin recovery will depend on how quickly that repricing happens.

Hatsun Agro Stock Performance After the Q1 Results

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Hatsun Agro shares were trading down 2.67 at Rs 903.75 on the NSE as of Wednesday, 22 July 2026, a day after the Hatsun Agro Q1 results FY27 were announced.

Investors can compare the trend of the counter with the Nifty FMCG index to judge how the stock is placed relative to the broader market after the Hatsun Agro Q1 results FY27.

Key Risks

Investors going through the fine print of the Hatsun Agro Q1 results FY27 should also weigh the following risks.

1. Milk Procurement Cost Volatility

The gross profit decline in the Hatsun Agro Q1 results FY27 shows how exposed the business remains to raw milk cost cycles, which can be unpredictable and monsoon dependent.

2. Pricing Pass Through Lag

Retail price increases to offset procurement costs typically lag by a quarter or more, meaning near term margin pressure could persist even if costs stabilise.

3. Competitive Intensity in Dairy and Ice Cream

The dairy and ice cream categories remain competitive, potentially limiting the pace at which the company can raise prices without affecting volume growth.

Conclusion

Hatsun Agro Q1 results FY27 show net profit down 9.7% at Rs 133 crore despite strong 21.9% revenue growth, with rising milk procurement costs the clear driver of the margin squeeze. Investors should track cost trends and any pricing action into the September quarter and consult a SEBI-registered advisor before acting on the numbers.

Frequently Asked Questions on Hatsun Agro Q1 Results FY27

When were the Hatsun Agro Q1 results FY27 announced?

Ans. The Hatsun Agro Q1 results FY27 were announced on Tuesday, 21 July 2026, for the quarter ended 30 June 2026, on a standalone basis.

What is the PAT in the Hatsun Agro Q1 results FY27?

Ans. The standalone PAT in the Hatsun Agro Q1 results FY27 stood at Rs 133 crore, down 9.7% from Rs 148 crore in Q1 FY26.

Why did Hatsun Agro profit fall despite 21.9% revenue growth in Q1 FY27?

Ans. The Hatsun Agro Q1 results FY27 show gross profit falling 17.4% despite strong revenue growth, pointing to raw milk procurement costs rising faster than the company could pass through in retail pricing, a common dynamic in the dairy sector.

What was the revenue in the Hatsun Agro Q1 results FY27?

Ans. Revenue in the Hatsun Agro Q1 results FY27 stood at Rs 3,090 crore, up 21.9% from Rs 2,534 crore in Q1 FY26.

What was the gross profit in the Hatsun Agro Q1 results FY27?

Ans. Gross profit in the Hatsun Agro Q1 results FY27 stood at Rs 199 crore, down 17.4% from Rs 241 crore in Q1 FY26.

How is the stock trading after the Hatsun Agro Q1 results FY27?

Ans. Hatsun Agro shares were trading down 2.67% at Rs 903.75 on the NSE as of Wednesday, 22 July 2026, a day after the Hatsun Agro Q1 results FY27 were announced.

Is the stock a good buy after the Hatsun Agro Q1 results FY27?

Ans. The Hatsun Agro Q1 results FY27 show strong revenue growth undercut by cyclical milk cost pressure, a pattern the dairy sector has seen before. This article is for educational purposes only. Consult a SEBI-registered advisor before investing.

Where can I verify the Hatsun Agro Q1 results FY27?

Ans. The official filings for the June 2026 quarter are available on the NSE and BSE websites, and the stock can be tracked on the Univest app.