Gross Margins For Dairy Companies To Improve In FY2024: Report

Raw milk procurement prices are expected to witness correction due to improvement in milk availability with the onset of the flush season in H2 FY2024. Consequently, industry profit margins are expected to start improving sequentially, the rating agency Icra said in a report. Domestic milk supply was impacted in FY2023 due to the incidence of […]
As whole sale milk price simmer, dairy cos may take further hike

With the price of wholesale milk continuing to rise across the country, dairy companies will need to increase prices again in the second half of FY23, according to a report by ICICI Securities. These companies will need to focus on increasing the share of Indian value-added products to protect their profitability, analysts at the brokerage […]
Brokerage firm flags further increase in milk price soon

Dairy companies may need to again raise prices of milk in the second half of the current financial year, analysts at ICICI Securities said in a report on Wednesday. Dairy companies have raised milk prices by 8-10% in the past eight months due to a sustained rise in procurement prices. Wholesale milk prices have increased […]