The Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF) has revealed that the overall turnover of Brand Amul hit ₹80,000 crore (approximately $10 billion) in the fiscal year 2023-24, up from ₹72,000 crore (around $9 billion) in the previous year. The federation reported an impressive 8% increase in turnover, reaching ₹59,545 crore (about $7 billion) for FY24.
In its statement, GCMMF noted that this milestone coincides with its Golden Jubilee year, showcasing an 8% year-on-year growth in revenue.
“Celebrating our 50th anniversary, GCMMF has attained a remarkable feat by establishing itself as one of the strongest food brands globally. We are focused on continuous expansion by entering new markets, launching innovative products, and enhancing milk processing capacities throughout India,” said Shamalbhai Patel, Chairman of GCMMF.
As a cooperative owned by farmers, GCMMF comprises 3.6 million dairy farmers across 18,600 villages in Gujarat, with 18 member unions collectively managing the procurement of 30 million liters of milk daily.