TIL Desk/Business/Mumbai/ Dairy co-operative Amul is aiming to grow at 20 per cent this financial year, to touch a group turnover of close to Rs 50,000 crore, on the back of growing consumer portfolio, premiumisation and rising demand, a top company official said.
“The Amul brand, which clocked a turnover of over Rs 40,000 crore last financial year, will grow at 20 per cent this year,” RS Sodhi, the managing director of Gujarat Co-operative Milk Marketing Federation (GCMMF), which markets milk and milk products under the Amul brand, told.
“We are launching several consumer products, and are also premiumising our offerings. The growing demand will help us see a good growth this year,” he added. The Amul brand includes the 18 member dairies of the Gujarat Co-operative Milk Marketing Federation (GCMMF).
GCMMF, however, registered only 8 per cent increase in turnover to Rs 29,220 crore in financial year 2017-2018, owing to a decline in commodity prices.
