Amul’s group turnover crosses USD 7 Billion

Amul , the taste of India , has registered a turnover of ₹38,542 crore for the financial year 2019-20. It showed a growth of 17 per cent over previous year. The group turnover in all product categories under Amul brand is more than  ₹52,000 crore, or $7 billion in 2019-20. This information was shared during the 46th Annual General Meeting (AGM) held in Anand on July 18th.

Amul’s turnover was ₹8,005 crore in 2009-10 and has grown by almost five times to ₹38,542 crore in 2019-20. Amul has shown growth through rapid expansion in processing capacities as well as it’s product mix beyond dairy also.

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GCMMF has now set their eyes to achieve a group turnover of ₹1 lakh crore by 2024-25 . It also aspire to become amongst the top three dairy players in the world. Amul is the ninth largest dairy in the world today.

Double the milk price ; Quintuple the milk procured

Ramsinh Parmar, chairman, GCMMF informed that during the last decade, milk procurement has witnessed a phenomenal increase of 138% . It was around 90.93 Lakhs Liters Per Day (LLPD) in the year 2009-10 and now in 2019-20 it has become 215.96 LLPD .

Ther has been an increase in milk procurement price paid to their producer farmers by 127% . It was ₹337 per kg fat in the year 2009-10 and has reached to  ₹765 per kg fat in the year 2019-20. Amul has also converted the crisis brough by Covid into an opportunity.

“In the lockdown period, milk unions of Gujarat procured an additional 35 lakh litres of milk per day, which means, we have given around ₹800 crore extra to the rural milk producers,” Parmar said.

Amul model has played a major role in making the country Átma-nirbhar or self-sufficient in the dairy sector. Mr R S Sodhi is quite positive about Rs 15000 Cr infrastructure fund as launched by the government. He looks it as an opportunity to create infrastructure for 4-5 crore litres of additional milk processing per day. It would also create job opportunity for 30-35 lakhs people.

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GCMMF Board and Chairman on behalf of the 36 lakh milk producer members of Gujarat, expressed gratitude to the central government , for not joining the Regional Comprehensive Economic Partnership (RCEP) and considering the interests of 10 crore dairy farmers of the country.