Amul group’s turnover crosses Rs 72,000 crore in 2022-23

The group turnover of Gujarat Co-operative Milk Marketing Federation Ltd — the umbrella body of milk cooperatives that markets Amul brand of milk and dairy products — crossed Rs 72,000 crore for the year 2022-23.

On a day when GCMMF hiked the prices of milk across the state, the body in a statement said the demand for branded consumer products led to the 18 per cent annual growth in turnover, where sales of fresh products grew by 21 per cent, ice-cream sales grew by 41 per cent and consumer products, including cheese, butter, milk beverages, panned, cream, buttermilk and dahi grew between 20 and 40 per cent.

Shamal Patel, Chairman, GCMMF, said, “Based on estimated growth in market demand for Amul products and our future marketing efforts, GCMMF plans will achieve sales turnover of Rs 1,00,000 crore by 2025 and further grow with a Compound Annual Growth Rate of more than 20% over the next seven years because of higher milk procurement, continuous expansion in terms of adding new markets, launching of new products, and adding new milk processing capacities across India.”

With a focus on increasing distribution across 400 towns, GCMMF is increasing its existing network of 82 branch and warehouse infrastructure to more than 100 in 2023-24. The 18 member Unions of GCMMF with farmer member strength of more than 36 lakh across 18,600 villages of Gujarat are procuring on an average 270 lakh litre of milk per day. To meet milk and milk product demand in major metros of India, the member unions of GCMMF have set up a network of 98 dairy plants.

In order to cater to evolving international taste buds of consumers, GCMMF launched its first international ice cream lounge in Pune wherein 13 special flavours of ice cream can be experienced, each flavour representing a country of its origin. This model will be replicated across all major cities and airports, the company added in the release.