Organised dairies to scoop 12% revenue growth this fiscal: Crisil

Revenue of India’s organised dairy industry will rebound a solid 12% year-on-year this fiscal to 1.6 lakh crore, compared with a decadal low growth of 1% last fiscal, riding on strong demand recovery in most value-added dairy products (VAP), steady liquid milk sales, and retail price hikes during the fiscal, Crisil said on Friday.

Steady demand for both VAP (around one-third share of organised sector sales) and liquid milk (around two-thirds share) is likely to lead to 5-6% growth next fiscal, too, in line with the pre-pandemic trend, the ratings agency’s report on the sector said.

More potential retail price hikes provide further upside, the report added.

Operating profitability, however, will be set back to the pre-pandemic level of 5-5.5% in the next two fiscals — from the peak of 6% seen in fiscal 2021 — because of high raw milk prices, along with higher transportation and packaging costs, and…

READ FULL STORY HERE

ALSO READ   Adani Ant eyes follow-on issue, share sale to raise up to $2.4 billion

Leave a Reply

Your email address will not be published. Required fields are marked *

x