Revenue from operations grew by 14.4 per cent in Q4 FY24 at Rs 2,046.8 crore over Rs 1,789.5 crore during the year ago quarter.
On an annual basis, the revenue from operations in FY24 stood at Rs 7,990.4 crore, an increase by 10.3% over Rs 7,246.9 crore in the previous year of FY23.Covid had disturbed the operations for two years, which led to an impact on milk procurement in the second half of fiscal 2022-23 and the first half of 2023-24, the company said in a statement on Monday. Normalcy has been restored in the second half of 2023-24 for both procurement of milk and sales, it added. Procurement of milk rose by 20.3% in FY24.
RG Chandramogan, chairman of Hatsun Agro said, “Strong sales recovery in the domestic market post-Covid with good summer sales led to good sales volume. Our retail expansion in the last two years helped us reach customers in new markets such as Maharashtra, Odisha, West Bengal and Madhya Pradesh and also supported existing strong bases in south India.”
Noting that the company invested about Rs 550 crore across new manufacturing facilities for capacity expansion in curd and milk products and market assets, he said, “The new capacities will further support our sales plans for FY 2024-25.”
