News Article published in Electronic / Online media on 12th October, 2026

HAPL\SEC\37\2026-27 12th October, 2026 BSE Limited National Stock Exchange of India Ltd Corporate Relationship Department Exchange Plaza, 5th Floor, 2nd Floor, New Trading Ring, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai - 400 001 Bandra(E), Mumbai – 400 051 Stock Code: BSE: 531531 NSE: HATSUN Dear Sir / Madam, Sub: News Article published in Electronic / Online media – Reg. Pursuant to Regulation 30(2) – Schedule III, Part A, Para A, item 18 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we confirm the attached News Article published in Electronic / Online media on 12th October, 2026. Kindly take the above on your record and dissemination. Thanking you. Yours faithfully, For Hatsun Agro Product Limited R G Chandramogan Chairman (DIN: 00012389) India's Hatsun Agro targets up to 50% revenue growth over next two years HAP (Hatsun Agro Product Limited) logo is seen in this illustration taken October 9, 2026. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab Oct 12 (Reuters) - India's Hatsun Agro Product (HAPL.NS), opens new tab expects revenue to rise as much as 50% over the next two financial years, supported b y a wider milk procurement network and expansion beyond i ts southern Indian stronghold, Chairman RG Chandramogan told Reuters. The maker of Arokya milk and Arun icecreams expects revenue to reach about 120 billion rupees ($1.25 billion) t his financial year, up from 100 billion rupees last year, and rise to between 140 billion rupees and 150 billion r upees in the following year, Chandramogan said. Get the latest news from India and how it matters to the world with the Reuters India File newsletter. Sign up here. The growth forecast comes even a s higher milk procurement costs squeeze industry margins and intense competition c urbs producers' pricing power. Milk prices have increased 20%-22% over the past 15 months due to higher milk-fat and animal- feed costs, Chandramogan said, adding that he expects m ilk supply to exceed demand within 8 to 10 months. Hatsun, which reported a 14.5% rise in revenue to 99.59 billion rupees in the y ear e nded March 2026, is expanding beyond southern India, selling milk in Mumbai and Pune and ramping up procurement in Odisha. The company plans to invest 10 billion rupees this fiscal year and has already spent 3 billion-4 billion r upees. About one-third of t he investment will be directed towards expanding milk procurement, with the remainder split between manufacturing capacity and marketing a nd distribution. Rather than build new plants, Hatsun is expanding e xisting f acilities and its 13,000-strong collection network, targeting daily milk procurement of 5 million litres next year, up from roughly 4.3 million litres currently. Demand has remained resilient across r ural and urban markets despite inflation, supported by strong s ales of summer staples such as ice cream and curd, Chandramogan said. ($1 = 95.7150 Indian r upees) Reporting by Surbhi Misra; Editing by Dhanya Skariachan and Sherry Jacob-Phillips Our Standards: The Thomson Reuters Trust Principles., opens new tab