- April 6, 2015 / 2 min readThe company also said that its revenue has grown by over 50 per cent in the last two financial years.
Amul, owned and managed by Gujarat Co-operative Milk Marketing Federation (GCMMF), has posted a 14.2 per cent rise in turnover at Rs 20,730 crore for financial year 2015, reported PTI.
"Our revenue has grown by 14.2 per cent during last fiscal at Rs 20,730 crore," said RS Sodhi, MD, GCMMF.
The company also said that its revenue has grown by over 50 per cent in the last two financial years.
"GCMMF paid 8-10 per cent higher price to farmers during 2014-15 as compared to the previous year. In contrast, the milk procurement prices dropped by 15-20 per cent in the domestic market,” added Sodhi.
However during 2014-15 fiscal, the growth in consumer products segment was 21 per cent. And the revenues dropped by over 70 per cent in bulk commodities like skimmed milk powder (SMP) and ghee due to fall in global prices, said Amul in a statement.
"Our revenues of bulk commodities declined by over 70 per cent due to drop in prices in international markets. We did not sell much and held back the quantities," added Sodhi.
Sodhi said expansion of the GCMMF is underway as per the plan. Amul is setting up facilities in different parts of the country to increase milk processing capacity to 320 lakh litres per day in the next two years from the current 230 lakh litre per day.
Search for top Restaurant Suppliers in your city