Dairy stocks face margin squeeze in CY26

Dairy companies including Dodla Dairy and Hatsun Agro Products are likely to witness margin pressure in calendar year 2026 (CY26) due to rising input costs, according to ICICI Securities. The brokerage highlighted that milk procurement prices have surged by ₹3–4 per litre in Q4FY26, driven by a weaker-than-expected flush season, higher butter exports, lower domestic…