New Delhi, MAY 19, 2026: Hatsun Agro Product Ltd, India’s largest dairy company in the private sector, announced its FY 2026 results, marking another year of continuous profitable growth.
Revenue from operations for FY26 stood at ₹ 9,959.22 crores, compared to ₹ 8,699.76 crores in FY25, marking a growthof 14.48%. EBITDA for the year was ₹ 1,190.34 crores as against ₹ 1,029.67 crores in the previous year, registering a growth of 15.60%. Profit after tax for FY26 came in at ₹ 356.20 crores, up from ₹ 278.81 crores in FY25, reflecting a growth of 27.76%. Thesefigures reflect a year of sustained progress, providing the momentum to scale impact while maintaining a steadfast commitment to operational excellence.
For the fourth quarter, HAP recorded revenue from operations of ₹ 2,577.63 crores. EBITDA for the quarter was ₹ 237.87crores. Profit after tax stood at ₹ 50.89 crores.
Commenting on the performance of the year, Mr. R G Chandramogan, Chairman, Hatsun Agro Product Ltd said; “Our focus on operational efficiency has successfully reduced our debt-to-equity ratio from 1.44 in FY 2023-24 to 0.68 in FY 2025-26 in two years despite significant investments and alsostrategic acquisition. This strengthened financial position provides the company with the flexibility to invest in future projects while continuing to reward our stakeholders.
He also mentioned that the receivables as of 31st March 2026 stood at 0.17 days of sales as a benchmark to the industry allowing profitability with better liquidity.
Further, HAP’s long-term credit rating has been upgraded to AA (Stable) by the credit rating agency (CRISIL Ratings Limited), reflecting the Company’s consistent financial performance, prudent capital management, and strong operational efficiency.
He also added “Hatsun remains an industry outlier, delivering superior operating profits with efficiency. This success is driven by our market-leading consumer brands, namely, Arun, ibaco, Arokya, Hatsun, HAP Daily and Milky Moo. In line with our policy of providing consistentuninterrupted dividends for over two decades and the present reduced debt with potential to invest for the future, we are pleased to announce a record interim dividend of 1000%."
HAP continued to strengthen its consumer brand portfolio across categories during the year. Sustained investments inproduct expansion, distribution and operational efficiency supported steady growth across markets while reinforcing the company’s long-term focus on scale, profitability, and value creation for shareholders.
