Provided is a hot rolled steel sheet comprising a predetermined composition wherein the hot rolled steel sheet comprises ferrite with an average orientation difference in the same grain of 0.5 to 5.0° in 30 to 70 vol %, the ferrite and martensite in a total of 90 vol % or more, and a balance microstructure of 10 vol % or less, has an average grain size of the ferrite of 0.5 to 5.0 μm, and has an average grain size of the martensite and the balance microstructure of 1.0 to 10 μm. Provided is a method for producing a hot rolled steel sheet comprising rolling where two or more consecutive passes of rolling including a final pass are performed under conditions of a rolling temperature: A point or more and less than Ae3 point, a strain rate: 1.0 to 50/sec, and a time between passes: within 10 seconds and where a total strain amount of all passes satisfying the conditions is 1.4 to 4.0, cooling by a 20° C./sec or more average cooling rate, and coiling the steel sheet at room temperature or more and less than 300° C.