Amul turnover becomes 13% to Rs 33,150 crore in 2018-19
The Gujarat Cooperative Milk Marketing Federation Ltd., which markets Amul milk and dairy items, revealed a 13% increase in turnover to Rs 33,150 crore in the year ended March 31.
The Amul gathering's turnover exceeded Rs 45,000 crore, which is also 13% higher than a year ago.
The Amul Federation has compound a compound annual growth rate of over 17.5% for the past nine years on higher milk procurement, expansion in markets, and launch of new products and addition of milk processing capacities across India, the company said in a statement on Monday.
"We have accomplished volume deals development in all product categories. Pocket milk, which is the highest turnover product, has shown great growth in practically every one of the business sectors," managing director RS Sodhi said.
Amul launched value-added products for example, flavoured milk, chocolates, fruit-based Amul Tru, camel milk and an entire new kulfi range in the previous financial year.
Amul Federation vice chairman Jethabhai Bharwad said member unions plan to improve their milk-processing capacity to 38 million-40 million liters every day in the following two years from the present dimension of 35 million liters per day.
Amul's 18 part member unions, with more than 3.6 million farmers across 18,700 towns of Gujarat, procure on average 23 million liters of milk a day, which is 10% higher than a year ago.
Other than the Amul brand of dairy items, the union’s market food products and cattle feed. Close 80% of the revenue achieves the farmer members of the dairy cooperatives as the cost of milk procurement and bonus.