Hatsun Agro Product Limited (HATSUN) Q1 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

CompoundingAI Research Updated July 16, 2026 3 min read

Hatsun Agro Product Limited, one of India's largest private dairy companies, enters its Q1 FY27 results with a focus on navigating peak-season demand against a backdrop of rising input costs. Investors will be looking for updates on revenue growth trajectory relative to management's 20% annual target and the impact of significant packaging and milk procurement inflation on quarterly margins.

Quick Details

Results date	July 21, 2026
Quarter	Q1 FY 2026-2027
Previous quarter revenue	Rs. 2,577.63 Cr
Previous quarter PAT	Rs. 50.89 Cr
Previous quarter EBITDA margin	9.2%
Market cap	Rs. 20,772.39 Cr
CMP	Rs. 932.55

Hatsun Agro Product Limited Q1 Results Date and Time

The board meeting is scheduled for July 21, 2026, to consider the unaudited financial results for Q1 FY27 and finalize the notice for the 41st Annual General Meeting.

What to expect from Hatsun Agro Product Limited's Q1 FY27 results

Hatsun's Q1 FY27 performance is primarily tested by the dual headwinds of milk procurement costs and a 30–40% surge in packaging material prices. While the company's 20% annual growth target relies on peak-season ice cream demand and the GST reduction from 18% to 5%, management must demonstrate if these volume drivers can offset the gross margin compression seen in Q4 FY26. Procurement prices remained elevated throughout the quarter, consistent with industry-wide milk price hikes of Rs. 2–4/litre observed in May and June 2026. The integration of the Milk Mantra Dairy acquisition, effective from April 1, 2025, remains a key operational focus as the company works to scale its presence in eastern markets. The upcoming call will likely address the extent of packaging cost pass-through and the status of the high-protein product range originally scheduled for launch by February 2026.

Key Things To Watch

Performance vs Guidance Tracking

Revenue growth target — 20% for FY27 — Tracking status to be confirmed
High-protein product launch — Launch within 3–6 months from Q2 FY26 — Status pending

Operating metric trajectory

Milk/Curd, Ice Cream, and Ibaco outlet counts — Target 5,000, 1,200, and 280–300 outlets respectively by Q2 FY28
Sales outside Tamil Nadu — Target 50% of total sales by Q3 FY28

Risks and headwinds to monitor

Packaging material inflation — 30–40% price increase materialized for plastic raw materials
Milk procurement costs — Up 8–10% in Q3 FY26 with continued pressure in Q1 FY27

Frequently Asked Questions

How does Hatsun's current revenue growth compare to its FY27 guidance?

Management has set a 20% growth target for FY27, supported by the GST reduction on ice cream and completed capex. Whether the company is on track will depend on whether Q1 volume growth from peak-season demand can overcome the cost headwinds.

What is the status of the high-protein product range?

Management previously guided for a launch within 3 to 6 months of Q2 FY26, a timeline that expired in February 2026. Investors are awaiting confirmation on whether these products have reached the market and their initial traction.

How are packaging material costs impacting the company's margins?

Management warned of a 30–40% price increase in plastic raw materials due to geopolitical factors. This is a direct headwind to margins, and the upcoming call will clarify the extent to which these costs were absorbed or passed through to consumers.