Hatsun Agro Product (HAP), a dairy product manufacturer, has announced the acquisition of 100% of the issued and paid-up share capital of Milk Mantra for ₹233 crore. Post-acquisition, Milk Mantra, a dairy foods company will become a wholly-owned subsidiary of HAP.
This acquisition strengthens HAP’s presence in Odisha and the Eastern India dairy market and underscores its mission of delivering fresh, high-quality dairy products to customers. Milk Mantra’s brand ‘Milky Moo’ has created a strong presence in Odisha.
It also gives scope to tap HAP’s existing North Andhra Pradesh market and potential markets like West Bengal and adjoining States. The Milky Moo brand will be added to the existing stable brands of HAP’s Arun, IBACO, Hatsun and Arokya.
Hatsun Agro Product manufactures and markets dairy products like milk, curd, ice creams, dairy whitener, skimmed milk powder, ghee, paneer, etc.
The company’s net profit declined 28.7% to ₹40.94 crore in Q3 FY25 as against ₹57.40 crore posted in Q3 FY24. However, revenue from operations rose 6.5% to Rs 2,009.75 crore during the quarter ended 31 December 2024.
Founded in 2009 by Srikumar Misra and later joined by Rashima Misra, Milk Mantra provides a range of products including milk, curd, cottage cheese, buttermilk, and cattle feed, among others.
