New Delhi, Feb. 21 -- The Indian poultry industry is projected to experience a 50 basis point decline in operating profitability during the upcoming fiscal year, according to a report released Thursday by Crisil Ratings.

This downturn comes despite anticipated revenue growth of 8-10 per cent, primarily driven by robust demand in the sector.

The analysis, which examined 30 poultry companies with combined revenues of approximately Rs 10,000 crore in the previous fiscal year, indicates that recent profitability gains achieved through lower feed costs will diminish as prices for key ingredients surge.

Crisil Ratings Director Jayashree Nandakumar notes that soya, comprising 30 per cent of total feed expenses, is expected to become more expe...