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The group turnover of Brand Amul reached Rs 80,000 crores ($10 billion) in 2023-24 from Rs 72,000 Crores ($9 billion) in 2022-23
The 50th Annual General Meeting of the Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF), which markets the popular Amul brand of milk and dairy products, was held on the 28th of September 2024. In the Golden Jubilee year of GCMMF, the organisation registered a turnover of Rs. 59,545 Crores ($7 Billion) for the financial year 2023-24 with a growth of 8 per cent YOY. The group turnover of Brand Amul reached Rs. 80,000 crores ($10 billion) in 2023-24 from Rs 72,000 Crores ($9 billion) in 2022-23.
Amul has been ranked as the world’s strongest food brand and the strongest dairy brand as per Brand Finance, UK, the world’s leading brand consultancy. Amul’s brand strength is attributed to its strong performance in familiarity, consideration, and recommendation metrics.
GCMMF, the world’s largest farmer-owned dairy cooperative with 36 lakhs farmers across 18,600 villages of Gujarat and 18 member Unions procures 300 Lakhs litres of milk daily. GCMMF also ranks 8th among the top 20 dairy companies in the world in terms of milk processing as per the International Farm Comparison Network (IFCN).
Shamalbhai Patel, Chairman, of GCMMF, said, “GCMMF has achieved a historic milestone of emerging as the strongest food brand in the world in its golden jubilee year.” We are planning continuous expansion in terms of adding new markets, launching new products, and adding new milk processing capacities across India, he added.