Going forward, the margins are likely to normalise as the prices of soybean have started coming down due to recent government interventions.
The change in consumer preference provides the company an opportunity to augment its portfolio and enhance its presence in the ready-to-eat and ready-to-cook non-veg food market.
Backed by favourable socio-economic factors, the domestic poultry industry is expected to grow at a steady pace over the medium to long term
Venky's enjoys market leadership in the sector and controls majority of the supply in its key operating markets.
Kotak Securities is bearish on Venky’s India has recommended sell rating on the stock with a target price of Rs 3700 in its research report dated April 11, 2018.
East India Securities has recommended accumulate rating on Venkys with a target price of Rs 561 in its research report dated December 07, 2016.
EIS has recommended accumulate rating on Venky's with a target price of Rs 619 in its research report dated September 12, 2016.
East India Securities is bullish on Venky's has recommended buy rating on the stock with a target price of Rs 541 in its research report dated May 30, 2016.
GEPL Capital is bullish on Venkys and has recommended buy rating on the stock with a target of Rs 544 in its December 05, 2011 research report.