Amul's sales at Rs61,000 crore in 2021-22

20 Jul 2022 , 08:27 AM

According to Tuesday’s announcement from the Gujarat Cooperative Milk Marketing Federation (GCMMF), the Amul cooperative’s group turnover increased 15% year over year to Rs61,000 crore in 2021—22.

According to GCMMF, which sells goods under the Amul brand, it generated a turnover of Rs53,000 crore in the prior fiscal.
The GCMMF and the unions that make up the federation reported a combined group turnover of Rs61,000 crore in 2021—22, an increase of Rs8,000 crore from Rs53,000 crore in 2020—21.

Due to a quick post-pandemic rebound in out-of-home consumption and demand from restaurants, catering, travel, and hospitality areas, GCMMF reported revenue of Rs46,481 crore in 2021—22, an increase of 18.46% over the previous financial year, it added.

The largest food and FMCG brand in India, Amul cooperative movement, celebrated its 75th anniversary by generating a group turnover of Rs61,000 crore, according to a statement released by GCMMF following its 48th annual general meeting.

Following the AGM, GCMMF Chairman Shamalbhai Patel reported that the organization had increased its revenue by 18.46% between 2021 and 2022, exceeding the CAGR of 16% for the previous 12 years.

“Our milk procurement has grown by an amazing 180% during the last 12 years. The high milk procurement price that was paid to our farmer-members throughout this 12-year period, which climbed by 143%, was the cause of this remarkable expansion.

The chairman continued, “The highly lucrative pricing assisted us in maintaining farmers’ enthusiasm in milk production, and greater returns from dairying have inspired them to increase their investments in this industry.

He claimed that the cooperative is growing its fresh product line to include milk, curd, and buttermilk and that it will invest Rs500 crore to build a new dairy plant in Rajkot, Gujarat.

Large dairy plants would also be built in Baghpat, close to Delhi, Varanasi, Rohtak, and Kolkata, within the next two years, according to Patel.
The resumption of out-of-home consumption, according to GCMMF Managing Director RS Sodhi, led to a strong increase in the majority of product categories.

“Despite the second wave of COVID-19 having an impact on the peak summer season of 2021, the value of our milk-based beverage business increased by 36%. Additionally, the value of our ice cream business increased by more than 50% in 2022 “added he.

According to Sodhi, the value of the ghee industry increased by more than 19%, and Amul’s flagship product Amul Butter increased by 17%.
Sodhi added that Amul has launched its most recent campaign to encourage farmers to adopt natural farming and organic farming, and is dedicated to supplying such farmers with market connections and technical help.