Amul clocks Rs 61,000 crore turnover in its 75th year

VADODARA: Home grown dairy giant - Amul - has achieved a group turnover of Rs 61,000 crore in its 75th anniversary, consolidating its position as country's largest food and FMCG brand.
World's eighth largest dairy organisation, the Gujarat Co-operative Milk Marketing Federation (GCMMF) and its member unions - added Rs 8,000 crore to its group turnover in 2021-22, riding on the rapid post Covid-19 induced pandemic when out-of-home consumption grew and demand from restaurants, catering, travel and hospitality segment also surged.
"We have achieved 18.46% growth in turnover in 2021-22 which is even higher than 16% CAGR in turnover over the last 12 years," GCMMF's chairman Shamal Patel said on Tuesday after the 48th annual general body meeting of the federation that owns and markets products under brand Amul.
He said over the last 12 years, Amul's milk procurement has increased by 190 %. "This growth was a result of high milk procurement prices which have increased by 143 % during the 12 year period," he said.
"Our milk-based beverages business grew by 36 % in value terms, despite the peak summer season of 2021 which was impacted by the second wave of Covid-19. Our ice-cream business has seen a sharp revival with more than 50 % value growth in 2022," said R S Sodhi, GCMMF's managing director.
The flagship brand Amul butter grew by 17 % while our ghee business grew by more than 19 %, both in value terms.
"We achieved 17% value growth in Amul long life milk, 44% value growth in Amul cream, 24% value growth in Amul dahi, 18 % value growth in fresh buttermilk and impressive 12 % value growth in our largest product category - Amul fresh milk," said Sodhi.