Gujarat Co-operative Milk Marketing Federation, which markets the popular Amul brand of milk and dairy products, has registered a provisional turnover of Rs 38,550 crore (approximately US $ 5 billion) for the financial year 2019-20 which ended on 31 March 2020. The sales turnover achieved by Amul Federation is 17% higher than the previous fiscal year’s turnover of Rs 32960 crore (US $ 4.3 billion).
Amul Federation has been achieving a Compound Annual Growth Rate (CAGR) of more than 17% for the last ten years because of higher milk procurement, continuous expansion in terms of adding new markets, launching new products and adding new milk processing capacities across India.
According to the press statement released by the company, the provisional unduplicated group turnover of the Amul Federation and its 18 member unions has crossed Rs 50,000 crore, which is also 17% higher than last year. The 18 member Unions of Amul Federation with farmer member strength of more than 36 lakh across 18,700 villages of Gujarat.
It is important to note that Amul Federation has achieved turnover despite adverse market conditions for dairy products at National as well as at the International level.