Amul has registered a turnover of Rs. 33,150 Crores for the financial year 2018-19 which ended on 31st March 2019. The sales turnover achieved by GCMMF is 13 percent higher than the previous financial year. Results of the apex body of dairy cooperatives in Gujarat were declared on 28th May 2019, in the 45th Annual General Meeting of GCMMF.
In fact, the group turnover of GCMMF and its constituent member unions, representing unduplicated turnover of all products sold under Amul brand is exceeding Rs. 45,000 crores or US$ 6.5 Billion. GCMMF aims to achieve a business turnover of Rs. 50,000 crore and become the largest FMCG organization in India by 2020-21.
Shri Ramsinhbhai P Parmar, Chairman, GCMMF informed that during the last nine years, our milk procurement has witnessed a phenomenal increase of 153%.
Shri R S Sodhi, Managing Director, GCMMF, emphasized that with double digit value growth in consumer products during last five to six years, we were among the fastest growing FMCG organisations in India. Amul’s success has been driven by its ‘3E’ mantra – Rapid expansion in milk procurement, rapid expansion in manufacturing facilities and rapid expansion in marketing & distribution network. He added we have already upped our total milk processing capacity to 360 lakh litres per day and planned for a 400 lakh litres per day expansion within the next two years. In Gandhinagar, Gujarat, AmulFed Dairy’s capacity expansion from 35 lakh litres per day to 50 lakh litres per day further underlines its status as the largest dairy factory in India.
Shri Sodhi further added that Indian dairy farmers can look forward to golden days ahead with dairy commodity prices firming up over the last three- four months. Shri Sodhi said innovation is key to our success. We have introduced as many as 102 new products in the last four years, with 48 products being revealed in just the last two years, exceeding our target of launching two new products every month.