Very noticeable times are FY 2022 when the SKM Egg made good PAT
SKM Egg from india one which benefited the most last time around. Coz of certifications too SKM got preferred. This time around Px they get in export market to US good be very attractive (given the realizations last time) - Good to note the capacity utilization this time - Expecting north of 20% margins
Historical Bird Flu times:
SKM could command higher realisations without proportional increase in raw material costs.
2025 outbreak seems fierce vs past. Longer too. 2025 prices peaked higher ($6.70/dozen wholesale) than 2015 or 2022.