Amul aims revenue to increase by 20% in 2019-20

Gujarat Cooperative Milk Marketing Federation (GCMMF), marketing dairy products under the Amul brand, is eyeing 20% increase in its revenue to Rs 40,000 crore this fiscal, helped by growth in volume and value terms.

The dairy firm reported a 13% rise in its turnover at Rs 33,150 crore during 2018-19 as compared to Rs 29,225 crore in the previous fiscal.

RS Sodhi, Managing Director, Amul, said, “In the last financial year, our revenue growth was because of higher volume and there was no price increase across our product portfolio. But, in this year, we are expecting growth in both volume and value terms. We are expecting 20 percent growth in turnover during 2019-20.”

“The milk procurement prices have gone up in the last few months in states like Maharashtra. We were paying our farmers higher prices when milk procurement prices declined in many states. So there will be no impact on us,” he added.

GCMMF had recently announced that the provisional unduplicated group revenue of Amul Federation and its 18 member unions crossed Rs 45,000 crore in 2018-19, up 13% from the previous year.