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Group turnover of Brand Amul hit Rs 80,000 crore in 2023-24: GCMMF
The Gujarat Co-operative Milk Marketing Federation Ltd. said that the group turnover of Brand Amul reached Rs 80,000 crores ($10 billion) in 2023-24 from Rs 72,000 crores ($9 billion) in 2022-23.
Originating in the late 1960s, the Amul Girl has become an indelible part of Indian advertising history.
Amul-maker Gujarat Co-operative Milk Marketing Federation Ltd.(GCMMF), has seen an 8 percent growth in turnover to Rs 59,545 crore for FY24.
"In the Golden Jubilee year of GCMMF, the organization registered a turnover of Rs 59,545 crore ($7 billion) for the financial year 2023-24 with a growth of 8 per cent year-on-year," the GCMMF said in a statement.
The company said that the group turnover of Brand Amul reached Rs 80,000 crores ($10 billion) in 2023-24 from Rs72,000 crores ($9 billion) in 2022-23.
"GCMMF has achieved a historic milestone of emerging as the strongest food brand in the world in its golden jubilee year. We are planning continuous expansion in terms of adding new markets, launching of new products, and adding new milk processing capacities across India," said Shamalbhai Patel, Chairman, GCMMF.
GCMMF is a farmer-owned dairy cooperative with 36 lakh farmers across 18,600 villages of Gujarat and 18 member Unions procure 300 lakh litres of milk per day.
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