Gujarat Co-operative Milk Marketing Federation (GCMMF), popular for its brand Amul, has registered a quantum growth of 28 per cent to reach a record turnover of Rs 67.05 billion during the financial year 2008-09, an increase of nearly Rs 14.5 billion in absolute terms over the previous year, according to a company press release.
During the period, GCMMF’s turn over has almost doubled in last three years. It is also noteworthy that the unduplicated Group turnover of GCMMF and its 13 dairy cooperatives has touched Rs 100 billion.
GCMMF’s growth has come from all its major products as well as from all geographical regions of the nation. The milk procurement of GCMMF grew by 15 per cent reaching a peak of 110 lakh liters a day during last winter.
BM Vyas, MD, GCMMF, said, “This impressive growth in milk procurement is attributed to the remunerative prices being paid out to the farmers consistently year after year.”
The Federation plans to continue its stride and march ahead with a target turn over of Rs 80 billion for the coming year, added the release.
— IndiaRetailing Bureau