2% rise in Amul’s turnover in FY21

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In the time where the country is going through the  2nd wave of COVID19, Managing Director, RS Sodhi of Amul Anand Milk Union Limited Indian brand on Sunday 4th July 2021 said that the total turnover of GCMMF, Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) had posted a 17 per cent jump in revenue during the FY 2019-20 to Rs 38,550 crore.

“We achieved two per cent growth in turnover during the last FY to Rs.39,200 crore,” Sodhi said.

However, he highlighted that the turnover of its branded consumer products like fresh milk, cheese, curd, butter, milk, and paneer increased 8.5-9 per cent.

Sodhi said he expects to return to higher double-digit growth during the current financial year.

Recently, GCMMF hiked milk prices of Amul by Rs  2 per litre across India from the 1st of July 2021 due to an increase in input costs. Price has been increased after one and a half years.

As a policy, GCMMF passes on almost 80 paise of every rupee paid by consumers for milk and milk products to the milk producers.