New Delhi, Dec. 27 -- India's dairy sector is entering a phase of tighter supply and margin recalibration after navigating sharp cycles of disruption, surplus, and recovery over the past three years, according to insights from an expert session hosted by Systematix Institutional Equities.

According to the Systematix report, this led to reduced cattle induction and a sharp drop in milk output. From mid-2023, however, renewed farmer engagement by leading cooperatives and private players, including sustainable fodder programs, helped restore confidence and revive supply. These efforts resulted in a sharp rebound during the October 2024-March 2025 flush season, when milk production surged by nearly 25 per cent, creating a temporary surplus. ...