Hatsun Agro Product Ltd posted a net profit of Rs 13.89 crore for the quarter ended June 30, 2012, as against a net loss of Rs 35 lakh during the corresponding period of previous year. Total income stood at Rs 490.51 crore, compared with Rs 371.14 crore last year, an increase of 32.16 per cent.
The company has implemented cost control measures to improve its margins, which along with other measures have contributed to improvement of both the top line and bottomline for the first quarter of 2012-13, said R G Chandramogan, chairman and managing director, Hatsun Agro Product Ltd.
The increase in the profitability was due to the economies of scale and leveraging pan India presence of milk products, leading to increased turnover and better margins, rationalistation of logistics costs, elimination of wastage apart from cost control measures.
Hatsun Agro has established depots at various centres to cater to the north Indian market and its products like ghee are available across states including Jammu and Kashmir, Uttar Pradesh and Uttaranchal, he added at the annual general meeting on Friday.
Commenting on the future plans, he said, “The major thrust areas in the current financial year would be longlife milk products and dairy ingredients and curd in the domestic market. This will help the company strengthen its presence and enable it to maintain its leadership position.” He added that the company is the largest seller of cow ghee across the country.
The company was focusing on enhancing its business in long shelf-life products like milk power, dairy whitener, ghee and cattle feed in the current fiscal year.
It would start specific advertisements for the north Indian markets to promote its products, he added.