No negative impact of demonetisation on Amul's business says Managing Director, GCMMF
No negative impact of demonetisation on Amul's business says Managing Director, GCMMF

Dairy major, Amul, has reported an 18% increase in turnover at Rs 27,085 crore in 2016-17 as against Rs 22,972 crore in 2015-16, in terms of across the board sales increase.

The turnover of the Gujarat Co-operative Milk Marketing Federation (GCMMF), which markets Amul brand of milk and dairy products, has increased nearly 3.5 times in the past seven years.

R S Sodhi, Managing Director, GCMMF told PTI, "We have achieved volume sales growth in all product categories.”

Sodhi affirmed that there was no negative impact of demonetisation on its business.

According to Jethabhai Patel, Chairman, GCMMF, Amul plans to step up its milk processing capacity to 380 lakh litres per day, from the current 300 lakh litres, in the next three years.

 
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