News

India's dairy industry to grow by 12-14% in FY23

Dairy
Cow Milk
India
Innovation & Technology
Market & Price Trends
Published Oct 12, 2023

Tridge summary

India's dairy industry is expected to experience revenue growth of 12-14% this financial year due to rising milk prices and growth in the hotels, restaurants, and catering sectors. However, operating margins are projected to decline due to increasing input cost pressures outweighing the benefits of higher retail prices. The industry's credit profile is expected to remain stable due to a favorable demand outlook and moderate debt levels, although the impact of Bovine Dermatitis may slightly affect milk production growth.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Source: cis.org.vn With rising milk prices and growth in hotels, restaurants and catering segments, the revenue of India's dairy industry is expected to grow by 12-14% this financial year. According to a report released by the Investment Information and Credit Rating Agency India Limited (ICRA), Indian dairy companies are estimated to achieve revenue growth of 12-14% in fiscal 2023. Growth Revenue will be led by recovery in the HoReCa segment and rising retail milk prices. Despite revenue progress, the country's dairy industry could be affected as operating margins are expected to decline by 120-160 bps year-on-year. This is mainly because rising input cost pressures will outweigh the benefits of increased retail prices. After analyzing all aspects behind the growth of the dairy industry, ICRA has forecast a stable credit profile for the industry. The credit profile will be supported by a favorable demand outlook and moderate debt levels. The impact of Bovine Dermatitis has ...
Source: AgroInfo.vn
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