Gujarat Co-operative Milk Marketing Federation (AMUL) Posts 32% Growth in Sales: Rs 18,150 Crores Turnover
April 1, 2014 - Anand, Gujarat, India
The projected unduplicated group turnover of member unions of GCMMF has crossed Rs. 26,000 crores which is also higher by 37% compare to last financial year.
It may be noted that GCMMF has planned to achieve sales turnover of Rs. 30000 crores by 2019-20.
GCMMF has been achieving a value growth of more than 20% since last five years because of higher milk procurement, continuous expansion in terms of adding new markets and launching of new products. GCMMF has started Six new branches in India during financial year 2013-14 to market milk and milk products in more efficient way.
The 17 member Unions of GCMMF with farmer member strength of 35 lakhs across 17,000 villages of Gujarat are processing on an average 150 Lakhs liters of milk per day. GCMMF ranks among the top 15 dairy companies in world in terms of milk processing. GCMMF has total own milk processing capacity of 230 Lakhs Liters Per Day.
In order to meet milk and milk product demand in major metros of India, the member unions of GCMMF have started creating their own milk processing plants in states of Haryana, Uttar Pradesh, Maharashtra, Madhya Pradesh and Rajasthan. The Member Unions of GCMMF have also started milk procurement from other states so that milk producer members of these states also benefit from “Amul Model”.
Shri R S Sodhi, Managing Director, GCMMF said that “We have achieved volume sales growth in all product categories. Pouch milk which contributes around 45% of sales turnover has shown volume growth in double digit. Further, he informed that GCMMF has exported milk and milk product worth Rs. 525 crores during 2013-14 against Rs. 140 crores during 2012-13.
He added that every year, we are getting better results because of strong foundation laid and value system created by our founder chairman, Dr. V Kurien.
Apart from Pouch milk, dairy categories like Amulspray, Butter and Ghee has crossed sales value of more than Rs. 1000 crores. Other categories like Amul long-life Ultra High Temperature (UHT) Milk and Amul Fresh Cream have also shown an impressive value growth of 40 %.
It is important to note that GCMMF passes on 80-85% of consumer rupee back to milk producer members thus by encouraging them to produce more milk.
Source: Business Wire India