Dairy major Amul is planning to invest up to Rs 800-1000 crore in its ice cream business to double its production capacity by the end of 2023, said GCMMF MD Jayen Mehta. Amul is owned by the
Gujarat Cooperative Milk Marketing Federation (GCMMF).
How many ice cream units does AMul plan to set up?
Amul plans to set up 12-14 ice cream manufacturing units at a cost of Rs 800-1,000 crore, CNBCTv18 reported, citing Mehta.
Where are the new Amul ice cream plants situated?
Amul is planning to set up the new ice cream plants in multiple locations starting with Ujjain, Madhya Pradesh next month, followed by Taloja in Navi Mumbai, apart from expansion of the Surat plant, said Mehta.
What are Amul’s plans for ice cream storefronts?
Amul plans to set up premium lounges for ice cream called Ice Lounge. Three of these are already in operation with two in Ahmedabad, Gujarat and one in Jaipur, Rajasthan.
Another Ice Lounge will be set up in Mumbai by month-end.
The company will set up one more Ice Lounge in Delhi, apart from 8-10 others. It also plans to set up one such lounge in Dubai, said Mehta.
Who many Ice Lounges does Amul plan to launch?
The company is eyeing nearly 200 lounges with 100 each in India and abroad, said Mehta.
The lounges will also be opened in a franchise-based model and will feature the best flavours of every country, he added.
The company is eyeing malls, premium spaces and airports for its lounges.
How did GCMMF perform in FY23?
The Amul parent’s FY23 turnover was up 18.5 per cent to Rs 72,000 crore.
How did the cooperative perform across verticals?
Amul’s performance across verticals was as follows:
- Milk-based beverage up 34 per cent
- Ice cream up 40 per cent
- Butter up 19 per cent
- Amul ghee up 9 per cent
- Amul long life milk up 20 per cent
- Amul Dahi up 40 per cent
- Buttermilk up 16 per cent
- Amul fresh milk up 20 per cent
What are the other categories Amul is planning to expand into?
Amul is planning to expand into other categories such as:
- Organic food products
- Organic tea
The dairy major is also eyeing expansion into cooked food through dark kitchens and exclusive outlets.
Source : News9live Aug 26th 2023