Hatsun Agro to strengthen operations in AP and cattle feed biz

Dairy products maker Hatsun Agro plans to strengthen its operations in Andhra Pradesh and the cattle feed business during the current financial year, a top official has said.
"The year 2013-14 has been a good year for your company, which has resulted in increase in both topline and bottomline of the company," Hatsun Agro Ltd Chairman and Managing Director R G Chandramogan said at the company's annual general meeting held here recently.
"The major thrust area in the current financial year will be to strengthen the operations and increase in presence in Andhra Pradesh and also cattle feed business in domestic market," he said.

This would help the company to strengthen its presence and enable it to maintain leadership position, he said.
The company acquired a cattle feed plant in Karur in Tamil Nadu and Jyothi Dairy Pvt Ltd in Andhra Pradesh during the last financial year.
The company reported a total income of Rs 2,502.03 crore for the year ending March 31, 2014 up by 15 per cent over previous year, while net profits grew to Rs 81.68 crore upby 83 per cent, he said.
"The increase in profitability is due to strengthening of our brands with higher market share and also favourable export market conditions, the availability of milk and the effective cost control measures taken by the company," he said.

The city-based company has nine plants in Karnataka and Tamil Nadu. It sells liquid milk under "Arokya" brand and a range of milk-based products under the brand Hatsun in south India. It also sells ice-creams under Arun and IBACO brand.