New Delhi, Nov. 11 -- 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...