Amul’s milk procurement has improved by 138percent in final 10 decades
VADODARA: Home-grown dairy giant Amul has attained over Rs 52,000 crore turnover 2019-20, a 16% growth over the last year. In 2018-19, its turnover was 45,000 crore.
The team percentage of the Gujarat Co-operative Milk Marketing Federation (GCMMF), that possesses the brand Amul, and its member unions has spanned US$ 7 billion.
Outcomes of the revenue turnover of GCMMF were announced on Saturday in the 46th yearly general meeting of the federation. GCMMF itself has filed a turnover of Rs 38,542 crore in the fiscal year 2019-20 ending March 31. The sales turnover attained by it’s 16percent greater than the prior financial year.
“Our goal now is to attain group company turnover of Rs 1 lakh crore in the next five years (by 2024-25),” explained R S Sodhi, managing director of GCMMF.
“we would like to emerge as one of the top three dairy organizations on the planet,” he explained. Amul was rated 18th internationally in 2011. Presently, it’s rated the world’s 9th largest milk company. GCMMF’s chairman Ramsinh Parmar explained that throughout the past 10 decades, Amul’s berry procurement has improved 138%. By 90. 93 lakh litres daily (LLPD) at 2009-10, the milk procurement climbed to 215. 96 LLPD in 2019-20.
“This expansion is a result of high milk procurement cost paid to our farmer-members,” he stated, adding milk procurement cost which was Rs 337 percent fat at 2009-10 has risen to Rs 765 percent fat in 2019-20, up 127%) He stressed that throughout the ordeal, Amul cooperatives have transformed emergency into an opportunity.