Business EconomyPosted at: Nov 11 2025 5:05PM


Poultries to hatch 4-6pc revenue growth owing to consumption boost: CRISIL

New Delhi, Nov 11 (UNI) The poultry sector in India will see revenue increase 4-6pc this fiscal on steady consumption growth, a CRISIL report said today.
The Credit Rating Information Services of India Limited (CRISIL) said the optimistic growth is attributed to fuelled rural demand, higher per capita consumption of meat and growing preference for a protein-rich diet.
"Operating margin however, will slip 80-100 basis points (bps) because of lower broiler prices in the first half of the fiscal, partly mitigated by subsequent recovery in broiler prices and favourable feed costs throughout the year," CRISIL said.
Despite the lower profitability, credit profiles of poultry companies are seen stable which is backed by modest capital expenditure, limited debt addition and steady accrual.
Jayashree Nandakumar, Director of CRISIL Ratings, said " Wholesale broiler prices fell 20pc year-on-year to Rs 110-115 in the first quarter of this fiscal, as a short summer and early monsoon led to relatively higher bird weights and hence a surplus in supply. Subsequently, with the onset of the festive season, broiler prices have begun to recover. Yet, average broiler prices will be lower by 4-6pc on-year in the current fiscal."
CRISIL said that in the layer/egg segment, the sales volume is seen up 4-6pc to 15,570 crore eggs even as prices are seen rising a steady 2-4pc amid stable demand.
Moreover, India's per capita consumption of eggs at 102 per annum is significantly below the global average of 218, indicating substantial growth potential. So, the egg's segment revenue is poised to grow 7-9pc this fiscal.
Rishi Hari, Associate Director of CRISIL Ratings, said, "Feed prices account for 60-65pc of the total material cost, split 1:2 between soy de-oiled cake and maize. This fiscal, soy doc prices are expected at Rs 35-37 per kg, a tad lower than last fiscal because of oversupply.
"Meanwhile, owing to increased acreage, maize prices are likely to remain stable at Rs 24-25 per kg despite sustained demand from the poultry and ethanol sectors."
The rating agency noted that despite a dip in profitability, credit profiles will be stable because of low incremental debt and strong balance sheets.
The interest coverage ratio and leverage are likely to remain steady at 3.0-3.2 and 1.3 times, respectively, this fiscal, and volatility in feed costs and broiler egg prices, as well as bird flu outbreaks and slower-than-expected growth in consumption, will demand watching, the report added.
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