Amul turnover increase by 2% despite Covid

Delhi- Well, the total turnover of GCMMF, which markets dairy products under the Amul brand has increased by 2% to Rs 39,200 crore in spite of the Covid-19 pandemic. Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF) had also posted a 17 percent jump in the all-over revenue at the time of the financial year 2019-20 to Rs 38,550 crore.

Managing director of Amul, R S Sodi in an interview mentioned that the growth has slowed down due to the last fiscal but it is expecting the sales to bounce back in this current financial year 2021-2022.

Sodhi stated, “We achieved two percent growth in turnover during the last fiscal year to Rs 39,200 crore.”

On the other hand, he highlighted the complete turnover of its brand consumer products like fresh milk, cheese, curd, buttermilk, and paneer enhanced by 8.5-9%.

However, Sodi mentioned that the sales of ice cream were down by 35% last fiscal mainly because of the nationwide lockdown at the time of summer.

Even the added that the commodity business of products like skimmed milk powder was also impacted.

Notably, the household consumption of milk and other dairy products remains strong but the demand from hotels, restaurants, and cafeterias was highly affected as he mentioned.

Sodhi also said, “We expect to return to higher double-digit growth during the current financial year.”

Moreover, the cooperative sells 150 lakh of milk per day in which Gujarat contributes around 60 lakh liters, Delhi-NCR 35 lakh liters, and Maharashtra 20 lakh liters.

Moreover, it also sells milk in Punjab, Uttar Pradesh, and Kolkata. GCMMF also installed a processing capacity of 360 lakh liters per day. Recently, GCMMF has raised the milk prices of Amul by Rs 2 per liter across India from 1st July due to an increase in the input expense.

After one and a half years, the rate has increased. As per the policy, GCMMF has passed around 80 paise of every rupee paid by the consumers for milk and milk products to the milk product. However, the price revision must help in sustaining remunerative milk producers and encouraging them for higher milk production.

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