Hatsun Agro Products - Ice Cream – Likely to Emerge as Major Value Driver
Hatsun Agro’s ice cream business has strong potential to create value, in our view, as (1) it has built multiple competitive advantages such as...
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Hatsun Agro Products - Lower-Than-Expected Revenue Growth
Takeaways: (1) Hatsun reported gross/EBITDA margin expansion (+49bps/15bps YoY) in spite of Q2FY24’s relatively high base.
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Hatsun Agro Products - Strong Margin Expansion Led by Lower Milk Procurement Prices
Hatsun reported strong Q1FY25 numbers led by volume-driven revenue growth and a 14-quarter high EBITDA margin. We reckon the deflationary trend in...
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Strong results; stretched valuations
Key takeaways from Q2FY22: (1) Hatsun registered strong revenue growth of 23.2% YoY and we believe it is largely volume led, (2) steady launches of...
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