600% Dividend Announced: FMCG Co Reports 63% Jump In Net Profit, Shares Zoom

Mid cap FMCG sector company Hatsun Agro Product Ltd share gained 4.05% in trade today after it recommended an interim dividend of Rs 6 per equity share (600%) on the face value of Re 1/share. Current market price of Hatsun Agro Product share on BSE is Rs 1186.95 per share. The company on July 15 announced a surge of 62.9% year-on-year (YoY) in its net profit to Rs 130.5 crore for the quarter ended June 30, 2024 as against Rs 80.1 crore declared in the corresponding quarter of last year, as per the BSE filing.

Hatsun Agro Product shares zoomed 12.81% in last 2-weeks and soared 131% in last 5-years. The company's market capitalisation stood at Rs 26,439.11 crore. Check details below:

Hatsun Agro Product Recommends Dividend: As per the regulatory filing of Hatsun Agro Product issued as on July 15, 2024, "declared an interim dividend of Rs. 6 per equity share (600%) on the fully paid up equity shares of the face value of Re. 1 per share. This is the first interim dividend declared by the Board for the financial year 2024-25."

Hatsun Agro Issues Record Date For Dividend: The BSE filing of Hatsun Agro added, "Fixed July 24, 2024 as the Record Date for the purpose of payment of Interim Dividend. The Interim Dividend will be paid on or before August 14, 2024."

Hatsun Agro Financials: It announced a jump of 10.4% in its revenue from operations to Rs 2,375 crore as compared to Rs 2150.6 crore declared in the corresponding quarter of preceding fiscal. EBITDA of Hatsun Agro at the operating level zoomed 39% to Rs 330.3 crore for the June 2024 quarter as against Rs 237.7 crore declared in the corresponding quarter of last year.

EBITDA margin of Hatsun Agro stood at 13.9% for the quarter under consideration as against 11.1% in the corresponding period in the previous fiscal.

Hatsun Agro Share Performance: The 52-week high price of Hatsun Agro Product share on BSE is Rs 1231.95 per share (as on 30/08/2023) and 52-week low price is Rs 956.10 per share (as on 27/05/2024), respectively. Hatsun Agro Product shares gained 19% in last 3-months, soared 23% in last 1-year, and offered return of 34% in last 2-years.

Hatsun Agro Product About: HAP manufactures and markets products that cater to both cooking and consumption, like, milk, curd, ice creams, dairy whitener, skimmed milk powder, ghee, paneer and lots more. Some of the popular products of the company include Arun Icecreams, Arokya Milk, Hatsun Curd, Hatsun Paneer, Hatsun Ghee, Hatsun Dairy Whitener and Ibaco have become popular choices across the country. We also have a healthy global presence with dairy ingredients exported to 42 countries around the world - primarily in America, the Middle East and South Asian markets.

Disclaimer: The stock highlights the dividend, quarterly results, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.