News Article of the Company published in the Hindu Business Line

HAPL\SEC\24\2026-27 5th August, 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 of the Company published in Business Line – Reg. Pursuant to Regulation 30(2) – Schedule III, Part A, Para A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we confirm the attached News Article about the Company published in the mainstream media i.e., the Hindu Business Line on 5th August, 2026 and digitally on 4th August, 2026. Kindly take the above on your record and dissemination. Thanking you. Yours faithfully, For Hatsun Agro Product Limited C Subramaniam Company Secretary and Compliance Officer News Article published in Business Line on 05.08.2026 Agro Product plansX1,000 crore Hatsun capex in FY27 to enhance production Chandram suggested bilise rather than |mple- Ioh-n Das that despitaech allenging en- menting multiple successive Chennai vironment for the dairy in- price increashees s,ai”d. dustry, the company had Hatsun Agro Product (HAP), achieved strong growth in NEW PRODUCTS India’s largest private sector QIFY27. “We are already at Hatsun also plans to launch dairy company has planned 19 per cent growth. If we can its range of protein-rich investments of around sustain it we will be close to drinks within the next 1-2 1,000 crorein FY27. ¥12,000 crore in FY27,” he months. Inan interview, RG Chan- said. The founder added that dramogan, Chairman, Hat- On the margin front, he detailed product informa- sun Product, suggested added that while rising input tion will be announced that the proceeds will be al- costs have compressed mar- closer to launch, and did not located towards expanding gins across the industry, Hat- disclose pricing or product the company’s milk procure- sun has been able to post bet- RG Chandramogan, Chairman, specifications. Apart from ment nnd istribution net- ter margins due to the Hatsun Agro Product wor anosw protein beverages, Hatsun is work while also trvamrplng difference in business also working on new ice- some ofi ts production facil- models. cream variants and chocol- ities and marketing efforts. ded. The companhays seen a ate products. He added that the invest- NO MIDDLEMEN 13 per cent year-on-year in- Hatsun Agro currently op- ments are part of Hatsun “We don’t have any middle- crease in milk procurement erates around 4,100 HAP Agro’s planto sell roughly 2.4 men either on the procure- prices with Chandramogan Daily outlets as localised mi- crore product packs per day ment side or the distribution attributing weather-related cro-distribution networks within the next two years, up side. We operate from our pressures, rising cattle feed for its dairy products sold from the current 1.84 crore own outlets or franchisee costs and higher milk fat under major brands includ- packs. outlets so there are no other prices for the inflation. ing Arokya, Arun and Hatsun The Chennai-based firm layers. This along with our “We del price hikes alongside 220 Ibaco outlets, posted revenues of 9,959 strongest branding as the instead of immediately its premium ice-cream crore in FY26 — an increase market leader across cat- passing on higher procure- brand. It plans to scale its of 14.5 per cent from the pre- egories are the reasons our ment costs. We preferred store presence to over 5,000 vious fiscal. margins are better,” he ad- waiting for the costs to sta- by the financial year-end. Dairy major Hatsun Agro Product plans ₹1000 crore capex in FY27 The Chennai-based firm posted revenues of ₹9,959 crore in FY26 — an increase of 14.5 per cent from the previous fiscal Hatsun Agro Product (HAP), India’s largest private sector dairy company has planned investments of around ₹1,000 crore in FY27. RG Chandramogan, Chairman, Hatsun Agro Product, at an interview with businessline in Chennai. | Photo Credit: BIJOY GHOSH In an interview with Businessline, RG Chandramogan, Chairman, Hatsun Agro Product suggests that the proceeds will be allocated towards expanding the company’s milk procurement and distribution network while also revamping some of its production facilities and marketing efforts. He added that the investments are part of Hatsun Agro’s plan to sell roughly 2.4 crore product packs per day within the next two years, up from the current 1.84 crore packs. The Chennai-based firm posted revenues of ₹9,959 crore in FY26 — an increase of 14.5 per cent from the previous fiscal. Chandramogan suggests that despite a challenging environment for the dairy industry, the company has achieved strong growth in Q1FY27. “We are already at 19 per cent growth. If we can sustain it we will be close to ₹12,000 crore in FY27,” he said. On the margin front, he added that while rising input costs have compressed margins across the industry, Hatsun has been able to post better margins due to the difference in business models. “We don’t have any middlemen either on the procurement side or the distribution side. We operate from our own outlets or franchisee outlets so there are no other layers. This along with our strongest branding as the market leader across categories are the reasons our margins are better,” he added. The company has seen a 13 per cent year-on-year increase in milk procurement prices with Chandramogan attributing weather-related pressures, rising cattle feed costs and higher milk fat prices for the inflation. “We delayed price hikes instead of immediately passing on higher procurement costs. We preferred waiting for the costs to stabilise rather than implementing multiple successive price increases,” he said. Hatsun also plans to launch its range of protein-rich drinks within the next 1-2 months. The founder added that detailed product information will be announced closer to launch, and did not disclose pricing or product specifications. Apart from protein beverages, Hatsun is also working on new ice cream variants and chocolate products. Hatsun Agro currently operates around 4,100 HAP Daily outlets as localised micro- distribution networks for its dairy products sold under major brands including Arokya, Arun and Hatsun alongside 220 Ibaco outlets, its premium ice cream brand. It plans to scale its store presence to over 5,000 by the financial year-end. Published on August 4, 2026