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Hatsun Agro Q2 Review: ICICI Securities Remains Constructive On The Stock, Retains Add— Check New Target Price
Hatsun will likely be key beneficiary of cut in GST rates across dairy products and faster pace of sector formalization, adds ICICI Securities.
28 Oct 2025, 04:26 PM IST 
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There is reduction in GST rates in multiple value-added products from 12% to 5%/ 0% and it augurs well for Hatsun Agro.
(Photo source: company website)
Hatsun reported strong revenue growth of 17.2% YoY. Organic revenue growth (adjusting for Milk Mantra acquisition) was 14.9% YoY. Considering the reduction in inventory, the brokerage believes the company has also sold the accumulated stock of SMP as well as fats.
