Hatsun Agro hits near 3-yr high on strong Q1 results

Hatsun Agro Product

16/07/2024 05:07

** Hatsun Agro Product  HAPL.NS  shares up as much as 18% to
highest since Nov 2021
    ** Arun icecream maker on Monday posted 63% surge in Q1
profit, while rev rose 10.4% on strong sales volume and higher
margins
    ** See margin expansion to continue through FY25 on lower
input prices, utilisation of low-priced skimmed milk product 
inventory, ICICI Securities said in a note
    ** ICICI raised FY25/26 earnings by 4.4%/4% to factor in the
better-than-expected results
    ** Including day's gain, stk up 4.3% YTD vs 79% gain in
rival Heritage Foods  HEFI.NS  and 31% rise in Dodla Dairy
 DODL.NS  
    



 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))