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Amul operator GCMMF unanimously elects Ashokbhai B Chaudhary as chairman

The election meeting was held on Tuesday and witnessed full participation from all 18 member unions of GCMMF, the dairy major said in its release

Amul's revenue may touch Rs 1 trn by FY26; GCMMF's share likely at Rs 75Kcr

India's leading dairy brand Amul's revenue is expected to rise more than 10 per cent to about Rs 1 lakh crore this fiscal due to rising consumer demand for milk and its products. Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) sells dairy products under the 'Amul' brand. Besides, its 18 district cooperative milk producer's unions sell on their own in local district markets. In an interview with PTI, GCMMF Managing Director Jayen Mehta said the total revenue of the Amul brand is likely to touch Rs 1 lakh crore in 2025-26 fiscal against around Rs 90,000 crore in the previous year. "At GCMMF, we are targeting a 14 per cent growth this fiscal to Rs 75,000 crore," Mehta said, anticipating demand growth. The turnover from direct marketing of Amul products by 18 member unions will be around Rs 25,000 crore this fiscal, taking the total revenue to Rs 1 lakh crore. During the last 2024-25 fiscal, Mehta said the GCMMF recorded an 11 per cent rise in its revenue to Rs 65,911 crore

Revenue of Amul's parent firm GCMMF rises 11% to Rs 65,911 crore in FY25

Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), which sells dairy products under the 'Amul' brand, recorded an 11 per cent rise in its revenue to Rs 65,911 crore for the last fiscal, mainly driven by an increase in volumes across all categories, its MD Jayen Mehta said. GCMMF's turnover increased 8 per cent in 2023-24 to Rs 59,259 crore. "Our revenue during the 2024-25 financial year grew by 11 per cent to Rs 65,911 crore. We have clocked double digits across all product categories," Mehta told PTI. There has been decent growth in the last two quarters of the 2024-25 financial year, he added. "The rise in turnover was largely driven by volume growth. We did not increase prices much," Mehta said. Only in June last year, he said, the milk prices were raised because of a rise in input costs. In January this year, GCMMF reduced the prices of one-litre packs by Rs 1 per litre across India to encourage consumers to buy larger packs. The GCMMF Managing Director expects to ..

Amul reduces milk prices by Re 1 for one-litre packs across India

Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy products under the Amul brand, has reduced milk prices by Rs 1 per litre across India. However, the reduction in prices is only for one-litre packs. "We have reduced the prices of one-litre packs by Rs 1 per litre across India," GCMMF managing director Jayen Mehta told PTI. "This is to encourage consumers to buy larger packs of milk and get incentive for the same," he said. In Delhi, the rate of Amul Gold milk has been reduced to Rs 67 from Rs 68 per litre while price of Amul Taaza will now be Rs 55 from Rs 56 per litre earlier. GCMMF's turnover increased 8 per cent to Rs 59,445 crore in the 2023-24 financial year. Mehta had earlier said that the cooperative is expecting double-digit growth in revenue during this fiscal on strong demand. GCMMF handled 310 lakh litres of milk per day on average during the last fiscal. It has a total annual milk processing capacity of around 500 lakh litres. GCMMF is the w

Amul to enter European market by end of this month: MD Jayen S Mehta

Amul will enter the European market by the end of this month after launching its products in the US, GCMMF Managing Director Jayen S Mehta said on Monday. The Gujarat Cooperative Milk Marketing Federation (GCMMF) sells its dairy products under the popular Amul brand. "We will be launching milk...fresh products in Europe by the end of this month," he said at the annual convocation of Indian Institute of Foreign Trade (IIFT) here. The company will launch the products in Spain first and then look at expanding to other countries in Europe. He also said that non-tariff barriers are being faced by the Indian dairy industry in other countries and removal of those will help in increasing exports. "Try to create a market opportunity for us," Mehta said adding that milk is a source of livelihood for more than 10 crore families in the country and most of the producers are small and marginal farmers. India allows the import of dairy goods at a 30 per cent duty. Amul has a turnover of Rs 80,

Milk wars boil over Amul's expansion plans in Karnataka, Tamil Nadu

Southern states see threats to the cooperative value chains with GCMMF's attempt to enter the procurement business

All you need to know about Amul-Nandini controversy in poll-bound Karnataka

The entry of Amul in Karnataka is being seen as an attempt to trample upon KMF and its brand 'Nandini'

Reliance Retail ropes in former Amul chief RS Sodhi to drive grocery biz

In January, Sodhi stepped down from the role of MD of GCMMF

Amul revenue grew by 18.5% in FY23 to Rs 55,055 cr on better demand

GCMMF, which sells dairy products under the Amul brand, on Sunday said its revenue grew by 18.5 per cent last fiscal to Rs 55,055 crore on better demand. In a statement, the Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF) said it has registered a provisional turnover of Rs 55,055 crore for the financial year 2022-23. The turnover growth of 18.5 per cent is largely due to demand for branded consumer products, it added. "Our fresh products grew by 21 per cent with a contribution of 50 per cent to the GCMMF turnover and ice cream range grew by 41 per cent. "Our consumer products have registered a growth of 23 per cent YOY with products such as cheese, butter, UHT milk, milk beverages, paneer, cream, buttermilk and dahi having grown at 20-40 per cent," GCMMF said. The provisional unduplicated group turnover of member unions of the Amul group has crossed Rs 72,000 crore (USD 9 billion) last fiscal. With a focus of increasing our distribution across top 400 towns in terms of

GCMMF turnover up 18% in FY23 to Rs 55,055 cr, eyes trillion rupees by 2025

GCMMF plans to achieve sales turnover of Rs. 1,00,000 crores by 2025

Amul again hikes milk prices by Rs 3 a litre; fodder rates blamed

Gujarat spared; in milk, 80% of consumer price is passed on to farmers as procurement cost

RS Sodhi steps down as Amul MD; Jayen Mehta given interim charge

Jayen Mehta appointed as interim MD with immediate effect of Amul

Amul's utterly butterly supply melts; eateries switch to alternatives

Consumers across the country have reported a shortage of Amul butter in the market

Amul's Pashudhan is opening an alternative business for farmers, eBay style

In the "Pashudhan" tool of Amul's Milk Producers' app, the cattle rearers can upload pictures of their cattle and enter details like the day's milk yield and breed in order to sell them

Amul, Mother Diary hike milk prices by Rs 2 due to rise in procurement cost

The hike -- which comes days before Janmashtami celebrations and months ahead of the flush season when milk supplies usually rise -- may impact household budgets

Milk output down 50,000 litres a day as lumpy skin disease batters Gujarat

Inoculation drive in full swing as over a million cattle get vaccinated

Amul bucked Covid blues, launched more than 100 products during lockdown

At a time when other food and beverage (F&B) brands took a hit during the lockdown, Amul was on a product-launching spree.

Amul posts group turnover of Rs 61,000 cr in FY22 on milk & ice-cream biz

Post pandemic recovery results in addition of Rs 8,000 crore in annual turnover

Amul expects 18% growth in turnover nearing Rs 46,000 cr this fiscal

India's leading dairy cooperative GCMMF, which markets dairy products under Amul brand, is expecting an 18% growth in turnover this fiscal year to around Rs 46 bn on better demand, said MD RS Sodhi

High wastage keeps food companies from ploughing export benefits

The second of a 5-part series looks at the challenges in food export business