The Gujarat Cooperative Milk Marketing Federation Ltd, which markets Amul milk and dairy products, reported a 17% increase in turnover to Rs 38,550 crore in the year ended March 31. The Amul group’s turnover exceeded Rs 50,000 crore, which is also 17% higher than last year.
Amul Federation has achieved a Compound Annual Growth Rate (CAGR) of more than 17% since last 10 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, the company said in a statement on Wednesday.
It is important to note that Amul federation has achieved turnover inspite of adverse market condition for dairy products at national as well as at international level, managing director RS Sodhi said. Amul’s 18 member unions, with more than 3.6 million farmers across 18,700 villages of Gujarat, procure on average 23 million litres of milk a day.
Other than the Amul brand of dairy products, the unions market food products and cattle feed. Close to 80% of the revenue reaches the farmer members of the dairy cooperatives as the cost of milk procurement and bonus.
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