India's dairy industry revenue to grow 13-14% this fiscal: CRISIL Ratings

India's dairy industry is projected to experience a healthy revenue growth of 13-14% this fiscal year, driven by strong consumer demand and increased raw milk supply. The rise in value-added product consumption and ample milk availability from good monsoon prospects are expected to support this growth. Despite higher working capital requirements and increased debt levels due to capital expenditure, credit profiles are forecasted to remain stable with strong balance sheets.