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Amul turnover crosses Rs 1 lakh crore in FY26

Driven by overseas expansion and wide product portfolio

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Amul
Representational image. Photo iStock/Balaji Srinivasan

Homegrown diary major Amul has become the first Indian fast-moving consumer goods (FMCG) brand to cross Rs 1 lakh crore in turnover in FY26, posting 11% growth. Led by the Gujarat Cooperative Milk Marketing Federation (GCMMF), the brand’s success is driven by expansion into the US and Europe, a 1,200 plus product portfolio, and strong rural distribution.

The growth was supported by Amul’s entry into new international markets, with the cooperative beginning sales of fresh milk in parts of Europe and the United States, marking a key step in its global expansion strategy, the company stated.

The company is also looking to expand into Africa and Southeast Asia, with plans to enter additional markets over the next year as part of its export strategy, the financial media reported.

The federation, which owns and markets the Amul brand, reported a turnover of Rs 73,450 crore in FY26, up 11.4% from Rs 65,911 crore in the previous financial year. GCMMF said this made it the country’s largest fast-moving consumer goods organization.

The federation attributed the growth to its portfolio of more than 1,200 product packs across milk and milk-based categories such as butter, cheese, ghee, and ice cream, a wide distribution network and faster adaptation to changing consumer preferences, supported by its 18 district-level cooperative unions.

It handles 31 million liters of milk daily from 3.6 million dairy farmers. Strong demand for value-added products such as ice cream, cheese, and buttermilk, combined with an expanded distribution network, fueled the growth.

The company has also increased its focus on categories such as protein-based, probiotic, and organic products, which contributed to overall growth during the year. 

“Crossing the Rs 1,00,000-crore brand turnover is a testament to the trust of millions of consumers and the tireless hard work of our 3.6 million dairy farmers,” GCMMF chairman Ashokbhai Chaudhary said in the statement.

Vice chairman Gordhanbhai Dhameliya said the milestone highlighted the strength of the cooperative model, while managing director Jayen Mehta said Amul’s overseas expansion aimed to ensure that gains from technology and global trade reached farmer-members.

The expansion aligns with broader efforts to scale India’s cooperative dairy network, including the launch of the Sardar Patel Cooperative Dairy Federation (SPCDF), aimed at integrating village-level cooperatives into a national framework and supporting what officials have described as a “Second White Revolution.” 

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Naresh Khanna – 10 February 2025

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