The Gujarat Cooperative Milk Marketing Federation Ltd, which markets Amul milk and dairy products, has posted a 13% rise in turnover to Rs 33,150 crore in the year ended March 31.
GCMMF had reported a turnover of Rs 29,225 crore in 2017-18. This means that the turnover of Amul group exceeded Rs 45,000 crore, which is also 13% higher than last year.
The Amul Federation has been achieving a compound annual growth rate (CAGR) of over 17.5% for the past nine years because of higher milk procurement, continuous expansion in markets, launching of new products and adding new milk processing capacities across India.
RS Sodhi, Managing Director of Amul, said, “We have achieved volume sales growth in all product categories. Pouch milk, which is the highest turnover product, has shown good growth in almost all the markets.”
Ramsinh P Parmar, Chairman, Amul Federation, stated, “Based on estimated growth in market demand for Amul products and our future marketing efforts, we anticipate at least 20 per cent CAGR growth in the business of Amul Federation during the next five years.”
Jethabhai Bharwad, Vice Chairman of Amul Federation, added, “The member unions of Amul plan to enhance its milk processing capacity from the current level of 350 lakh litres per day to 380—400 lakh litres per day in the next two years.”