Rs Sodhi

Further dairy price hikes unlikely as companies cut procurement rates

Owing to a fall in demand, the procurement price of milk has been cut by Rs 3-5 per litre in Maharashtra, Punjab, Haryana and Uttar Pradesh

Soaring milk prices may become a hurdle in Modi govt's inflation fight

"In terms of the outlook for this year, we believe that milk prices will continue to increase, since there is a shortage of milk heading into the peak demand season," said an economist

Amul expects 20% revenue growth to Rs 66,000 cr in FY24; no rate hike plans

GCMMF, which sells dairy products under the Amul brand, is expecting 20 per cent growth in its revenue this fiscal to around Rs 66,000 crore on rising demand, its MD Jayen Mehta said. Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF) registered a turnover of Rs 55,055 crore in 2022-23, up 18.5 per cent from the previous year. In an interview with PTI, the GCMMF MD (in charge) said it had clocked a strong growth in revenue last fiscal, as demand for branded dairy products rose significantly post-COVID. "We expect the sales momentum to continue across our product portfolio. Demand is shifting from unorganised to organised players," he said. Mehta said the federation is also focusing on growing organic food and edible oil businesses, which are currently very small. Asked about milk prices, Mehta said, "We have no plans to increase rates as of now". He pointed out that input cost has risen by 15 per cent in the last one year, forcing the cooperative to hike retail prices to

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

TMS Ep345: Amul's RS Sodhi, Oyo IPO, Auto Expo 2023, Montreal Protocol

How will RS Sodhi's departure affect Amul? Why is the Oyo IPO getting delayed? Can new launches at Auto Expo 2023 put auto stocks in top gear? What is the Montreal Protocol? All answers here

RS Sodhi resigns as MD of Amul, COO Jayen Mehta to be interim MD

RS Sodhi was in-charge of the company since 2010

India's milk output to jump 3-fold to 628 mn tonnes in 25 years: Amul MD

India's milk production is expected to jump three-fold to 628 million tonnes in the next 25 years with an average annual growth of 4.5 per cent, Amul Managing Director R S Sodhi said on Monday. The country's milk production was 210 million tonnes in 2021, the MD of Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy products under the Amul brand, said. "Milk production in India is projected to grow at a CAGR of 4.5 per cent to reach 628 million tonnes in the next 25 years," he said while giving a presentation on the outlook of the Indian dairy sector over the next 25 years. Sodhi was speaking at International Dairy Federation World Dairy Summit (IDF WDS) 2022, being organised at India Expo Centre & Mart here during September 12-15. India's share in global production is estimated to nearly double to 45 per cent in the next 25 years from 23 per cent now. The demand is also set to increase because of the rising population, Sodhi said. The demand for milk is .

Milk prices to remain firm going forward, says Amul MD

Dairy major Amul feels prices will remain "firm" going forward due to increased pressure from energy, logistics and packaging costs, a top official said on Tuesday

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

Patanjali's growth only in small segment, not our competitor: Amul MD

In the dairy market, the competition is measured in terms of milk production and not in the commodity market. Patanjali is not our competitor, RS Sodhi says