Amul expects 18% growth in turnover

7 March 2022, 12:10 pm
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India’s leading dairy cooperative GCMMF, which markets dairy products under the Amul brand, is expecting an 18 per cent growth in its turnover this fiscal year to around Rs 46,000 crore on better demand, its Managing Director R S Sodhi said.

Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) had posted a marginal growth of 2 per cent during the 2020-21 financial year to Rs 39,200 crore despite the COVID-19 pandemic.

Sodhi said: ‘We are expecting around 18 per cent growth this fiscal year to about Rs 46,000 crore.’ The demand for all products, like butter, ice cream, milk, has improved, he added.

In volume terms also, Sodhi said the growth will be around 15 per cent. In the last financial year, the GCMMF turnover grew marginally as sales of ice cream were down 35 per cent mainly because of the nationwide lockdown during the summer to curb the COVID-19 pandemic. The commodity business of products like skimmed milk powder (SMP) was also impacted.