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Amul achieves group turnover of Rs 61,000 crore

India News

Riding on the back of rapid post-pandemic recovery in out-of-home consumption and demand from travel and hospitality segment, Amul achieved a group turnover of Rs 61,000 crore in 2021-’22.

At the 48th Annual General Body Meeting of Gujarat Cooperative Milk Marketing Federation (GCMMF) — the organisation that owns and markets products under brand Amul — on Tuesday, Shamalbhai Patel, chairman, GCMMF, informed that the co-operative body achieved 18.46 per cent growth in turnover in 2021-22, stated an official release. The group turnover of GCMMF also includes revenue from the Amul products sold by its 18 milk cooperative unions.

“Over the past 12 years, our milk procurement has increased by a phenomenal 190 per cent. This impressive growth was a result of the high milk procurement price – which has increased by 143 per cent during this 12 year period – paid to our farmer-members. The highly remunerative price helped us retain farmers’ interest in milk production and better returns from dairying have motivated them to enhance their investments in this sector,” Patel added on a day when the prices of packed milk products like curd, paneer and buttermilk, lassi, went up after imposition of a five percent Goods and Service Tax (GST).

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