Hatsun Agro to Boost Revenue by 15% Through Tax Cuts and Launch of Protein Products
In September, Indian authorities announced a reduction in taxes on hundreds of consumer goods, including butter and dairy products. This decision marks the most significant tax overhaul in the past eight years and is aimed at stimulating domestic demand amid trade pressure from the United States.
Washington has imposed higher tariffs on Indian goods, prompting New Delhi to take countermeasures. As the world's largest milk producer, India is negotiating with the U.S., although opening the dairy market to American corporations remains a contentious issue.
"Tax reductions are beneficial for the industry, but opening the Indian dairy market to foreign players will harm farmers and the rural economy," emphasized Chandramogan.
The company is preparing to launch a line of high-protein products, expected to be available by March 2026. According to the management, Hatsun Agro seeks to capture a share of the rapidly growing functional and healthy food market, particularly in demand among Indian consumers following a vegetarian diet.
In this area, Hatsun Agro will face competition from Milky Mist and Amul, which have already introduced similar products.
In the fiscal year ending March 31, Hatsun Agro's revenue grew by 9%, reaching 87 billion rupees ($980 million). Over the next three years, the company plans to annually expand its HAP Daily store network by 10%. Currently, Hatsun Agro operates more than 4,000 outlets nationwide.
Additionally, the company aims to double its export volume annually, targeting a level of 2 billion rupees ($22.6 million) within four years. The export geography will be expanded to include markets in Africa (specifically the Seychelles) and the Middle East (Oman).
Hatsun Agro holds a leading position in the Indian dairy sector, producing milk, yogurt, curd, and ice cream. Amid accelerating urbanization and rising incomes, the company focuses on innovative products and expanding export directions.
Analysts note that tax incentives and product line diversification could become key growth drivers for Hatsun Agro in the 2025–2026 fiscal year, strengthening its position amid increasing competition.
