India's poultry sector to grow 4–6% in 2025–26, led by egg demand, despite broiler price drops and margin pressures.

India’s poultry sector is projected to grow 4–6% in revenue for 2025–26, driven by rising rural demand and protein consumption, with the egg segment leading at 7–9% growth due to low per capita consumption (102 eggs annually) and rising sales. Broiler revenue growth is expected to slow to 1–3% amid a 20% price drop in early 2025 from oversupply caused by early monsoon and higher bird weights, though prices have since recovered. Operating margins are forecast to decline 80–100 basis points, but credit profiles remain stable due to low debt, modest capex, and favorable feed costs, with feed making up 60–65% of expenses.