Hatsun Agro Product Limited has informed the Exchange about Transcript
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Hatsun Agro has submitted the transcript of an NDTV Profit interview with Chairman R G Chandramogan focused on the proposed GST cut on dairy from 12% to 5%. The chairman expects this to be a big positive for the industry, noting that currently for ice cream roughly 73% of the price goes to GST, which hurts farmer payments. He sees India becoming a dairy export powerhouse, pointing out that India produces 240 million tons but exports only 1 million tons versus New Zealand's 20 million tons. On near-term numbers, he acknowledged Q1 FY26 was soft — revenue came in around 9% against 15% guidance and margins at 13.9% versus 14-15% guided, while debt and capex in FY25 were above prior guidance. For the outlook, he said H1 growth is around 9% but H2 should reach 15%, and described next year as 'glorious.'
Shares may get a sentiment lift from the chairman's bullish take on GST benefits and H2 recovery, but investors should weigh this against the prior guidance misses on revenue, margins, debt and capex before drawing strong conclusions.