Amul brand’s turnover zooms 16% to Rs 52,000cr | Vadodara News


Amul’s milk procurement has increased by 138% in last 10 years

Vadodara: Home-grown dairy giant Amul has achieved over Rs 52,000 crore turnover for 2019-20, a 16% increase over the previous year. In 2018-19, its turnover was Rs 45,000 crore.
The group turnover of the Gujarat Co-operative Milk Marketing Federation (GCMMF), which owns the brand Amul, and its member unions has crossed US$ 7 billion.
Results of the sales turnover of GCMMF were declared on Saturday at the 46th annual general meeting of the federation. GCMMF itself has registered a turnover of Rs 38,542 crore in the financial year 2019-20 ending March 31. The sales turnover achieved by it is 16% higher than the previous financial year.
“Our aim now is to achieve group business turnover of Rs 1 lakh crore in the next five years (by 2024-25),” said R S Sodhi, managing director of GCMMF.
“We want to emerge as one of the top three dairy organizations in the world,” he said. Amul was ranked 18th globally in 2011. Currently, it is ranked the world’s 9th largest dairy organization. GCMMF’s chairman Ramsinh Parmar said that during the last 10 years, Amul’s milk procurement has increased by 138%. From 90.93 lakh litres per day (LLPD) in 2009-10, the milk procurement increased to 215.96 LLPD in 2019-20.
“This growth is due to high milk procurement price paid to our farmer-members,” he said, adding that milk procurement price which was Rs 337 per kg fat in 2009-10 has increased to Rs 765 per kg fat in 2019-20, up 127%. He stressed that during the pandemic, Amul cooperatives have converted crisis into an opportunity.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

YouTube
Instagram
Telegram