Amul's turnover up only 8% in FY18 owing to depressed market conditions

The provisional unduplicated group turnover of the Amul brand has crossed Rs 410 billion, up 10 per cent from last year

The Gujarat Cooperative Milk Marketing Federation (GCMMF), India’s largest dairy outfit which owns and markets the Amul brand, has posted 8 per cent year-on-year (YoY) growth in turnover for 2017-18 to Rs 292.2 billion. 

While releasing the provisional turnover figures for 2017-18, the cooperative said branded consumer products had registered growth of 14 per cent over the previous year, with products like cheese, butter, milk beverages, paneer (cottage cheese), cream, buttermilk and curd having grown at 20-40 per cent. RS Sodhi, managing director, GCMMF, said pouch milk, which has the highest turnover, had shown double-digit value growth. “We are committed