Over the last 12 years, Amul’s milk procurement has increased by 190%
Amul cooperative movement celebrated its 75th anniversary by achieving group turnover of Rs 61,000 crore, further consolidating its position as the largest food and FMCG brand in India. Amul added another Rs. 8000 crores to its group turnover in 2021-22, growing even faster than its 12 year compounded average growth rate, on the back of rapid post-pandemic recovery in out-of-home consumption and demand from restaurants, catering, travel and hospitality segment.
Shamalbhai Patel, Chairman, GCMMF emphasized, “Our expansion plans are based on our milk procurement projections. Generally, every year there is capacity expansion through an investment of approximately Rs 800 crore to Rs 1,000 crore. We are also expanding in fresh products (milk, curd and buttermilk). A new dairy plant, with an investment of Rs 500 crore, will come up in Rajkot. Within two years, large dairy plants will also come up in Baghpat, near Delhi, Varanasi, Rohtak and Kolkata”.
The Vice-Chairman of GCMMF, Valamji Humbal, stated that “We recently built Asia’s biggest milk powder plant. We are also working on a technology which can store perishable Indian milk-based sweets and desserts for up to 45 days & beyond”.
R S Sodhi, Managing Director of GCMMF, informed, “Our milk-based beverages business grew by 36% in value terms, despite the peak summer season of 2021 being impacted by the second wave of COVID-19. Our ice-cream business also saw a sharp revival with a more than 50% value growth in 2022. Our flagship brand Amul Butter grew by 17%, while our Ghee business grew by more than 19%, both in value terms. We launched several new products such as High Protein Lassi, High Protein Buttermilk, Speciality Cheeses, Amul Peanut Spread, a wide range of fresh ethnic Indian milk-based mithai and Amul Butter-based bread, cookies and bakery products in multiple markets.