Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), the organization behind the iconic ‘Amul’ brand, is anticipating double-digit revenue growth for the ongoing fiscal year, driven by strong demand across product categories, according to its Managing Director, Jayen Mehta.
In the 2023-24 fiscal, GCMMF reported a turnover of ₹59,445 crore, an 8% increase from the previous year. The cooperative had seen nearly ₹60,000 crore in demand last year. Speaking to PTI, Mehta highlighted robust growth in fresh milk, cheese, and ice cream sales during the first eight months of the 2024-25 fiscal.
“We are expecting double-digit growth in turnover this year,” Mehta stated, reflecting optimism for continued demand expansion.
GCMMF, which manages an average of 310 lakh liters of milk per day, operates with an annual processing capacity of 500 lakh liters. The cooperative has already invested 80% of its planned ₹11,000 crore capital expenditure in expanding this capacity through greenfield and brownfield projects.
As the world’s largest farmer-owned dairy cooperative, GCMMF encompasses 36 lakh farmers across 18,600 villages in Gujarat. Its 18 member unions procure 300 lakh liters of milk daily, ranking it eighth globally among the top 20 dairy companies by milk processing capacity, according to the International Farm Comparison Network (IFCN).
The cooperative also continues to support farmer welfare while diversifying its product portfolio. Mehta shared that its organic food segment is performing well, with the launch of several new organic products.
On the global front, GCMMF exports dairy products to 50 countries and earlier this year entered the US market. The launch of four variants of fresh milk aims to cater to the Indian diaspora and broader Asian population in the United States.
With its robust domestic presence and growing international footprint, Amul remains a key player in the global dairy industry.
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