Dairy

Dairy companies are facing a mixed landscape of challenges and opportunities. A2 Milk experienced a significant 44% decline in attributable profit, largely due to supply chain disruptions and lower China-label infant formula revenue, though overall Asia revenue grew. This highlights the ongoing risks associated with China exposure, despite earlier optimism reflected in upgraded guidance. Elsewhere, Synlait has denied rumors of a takeover, signaling a focus on its ongoing restructuring efforts, while India’s dairy sector demonstrates robust growth, with record milk production and expanded credit access supporting the industry’s expansion.