GCMMF plans to achieve sales turnover of Rs 1,00,000 crore by 2025
Gujarat Co-operative Milk Marketing Federation (GCMMF), which markets the popular Amul brand of milk and dairy products, has registered a provisional turnover of Rs 55,055 crore for the financial year 2022-23 which ended on 31st March 2023. The GCMMF turnover growth of 18.5% is largely due to demand for branded consumer products.
Its fresh products grew by 21% with a contribution of 50% to the GCMMF turnover and Ice Cream range grew by 41% while its consumer products have registered a growth of 23% YOY with products such as Cheese, Butter, UHT Milk, Milk Beverages, Paneer, Cream, Buttermilk and Dahi having grown at 20-40%. The provisional unduplicated group turnover of member unions of Amul group has crossed Rs 72,000 crore.
With a focus of increasing its distribution across top 400 towns in terms of population, GCMMF is increasing its network of 82 branch and warehouse infrastructure to more than 100 in 2023-24 while also increasing the distributors and retail universe in these towns.
GCMMF is investing in new products categories such as Organic Foods, High Protein Products, Probiotic range, Fresh Sweets.
In order to cater to evolving international taste buds of consumers, GCMMF has launched its 1st International Ice Cream Lounge in Pune wherein special 13 flavours of ice cream can be experienced. This model will be replicated across all major cities and airports.