India's Poultry Companies See Strong Year Ahead as Egg and Chicken Prices Rise

India's large poultry companies are expected to see a strong year ahead, with revenues projected to rise by around 10% in the 2026-27 financial year. According to a report from CRISIL Ratings, these companies will benefit from higher egg and chicken prices due to increased demand and tighter supply.

The report covers 34 poultry companies that CRISIL rates, which together earned about USD 1.28 billion last year. Egg consumption is expected to rise by 4-6% this year, with prices settling at around USD 0.058-0.060 per egg. This should lead to a 9 to 11% increase in layer segment revenue.

Chicken prices are also climbing, with the broiler business expected to recover from last year's dip to 8-10% growth this year. Bird prices are projected to rise to about USD 1.24-1.29 per kilogram, up from about USD 1.19-1.24 last year.

The report notes that feed costs will increase by 3-5% this year due to rising corn and imported feed additive prices. However, the companies are expected to maintain comfortable financial levels, with operating margins widening by 50 to 70 basis points.