The Indian poultry industry, which has faced numerous challenges in recent years due to volatile market conditions, is poised for a recovery in the current fiscal year as input prices for maize and soybean stabilize alongside increasing demand, according to a report by CareEdge Ratings.
The report forecasts an 8-10% revenue growth for the poultry sector, anticipating an improvement of 180-220 basis points in operating profit margins. This recovery is expected to be driven by a growing population with shifting dietary preferences towards protein-rich foods and the easing of input costs.
Despite these positive indicators, the poultry industry remains vulnerable to fluctuations in feed prices and potential disease outbreaks. Industry stakeholders are focusing on developing breeds with lower feed conversion ratios and greater disease resistance, as well as innovations in poultry vaccines to mitigate these risks.
India stands as a leading producer of eggs and broiler chicken, with significant growth fueled by urbanization and rising disposable incomes. As of 2024, India ranks among the top producers globally, with an annual output exceeding 140 billion eggs and approximately 4.5 million tonnes of broiler meat, according to the report.
Source: The Business Line
