Impact On Dairy Sector In Case Of Lockdown: ICICI Securities  
A milk can hangs from a hook at a buffalo dairy. (Photographer: Prashanth Vishwanathan/Bloomberg)

Impact On Dairy Sector In Case Of Lockdown: ICICI Securities  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

The possibility of higher restrictions, lockdown post-second Covid-19 wave may impact hotel-restaurant-cafe sales but is likely to drive margins of organised dairies upwards.

Key expected trends in dairy sector in case of higher restrictions post-second Covid wave -

  1. Organised sector to continue to gain market share,
  2. lower consumption of impulse products such as ice cream, buttermilk, flavoured milk,
  3. higher revenues of milk packaged in tetra packs and dairy whitener,
  4. lower milk procurement prices and better margins of organised dairies,
  5. higher support to trade by organised dairies (e.g. reimbursement of electricity bills by ice cream companies) to grab market share.

Click on the attachment to read the full report:

ICICI Securities Dairy sector update.pdf

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