In an analysis provided by ICICI Securities on August 29, 2023, at 12:57 PM IST, the Dairy Sector Outlook indicates a likelihood of consistent or reduced milk procurement prices in the immediate future. The report suggests that the profitability of the dairy industry is poised to witness enhancement in the second half of the fiscal year 2024.
Milk procurement prices are projected to remain steady or experience a decline in the near term, according to ICICI Securities. This analysis anticipates potential benefits for industry players in terms of cost management and overall stability. The report highlights key players’ stock performance, such as HATSUN with a marginal change of -0.01%, and DODLA with a decrease of -5.34%.
