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Milk cooperative major, Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), which markets milk products under the Amul brand, has registered a 32 per cent growth in sales turnover for the year 2013-14, a record for the federation in its 40-year history.
The milk body’s sales turnover jumped to ₹18,150 crore for the fiscal against ₹13,750 crore last year. GCMMF passes on 80-85 per cent of consumer rupee back to milk producers thus encouraging them to produce more. The projected unduplicated group turnover of member unions of GCMMF crossed ₹26,000 crore, up 37 per cent compared with last fiscal, GCMMF said in a statement on Tuesday.
RS Sodhi, MD, GCMMF said: “We have achieved volume sales growth in all product categories. Pouch milk, which contributes around 45 per cent of sales turnover, has shown volume growth in double digit.” The Federation eyes sales turnover of ₹30,000 crore by 2019-20.
GCMMF has exported milk and milk products worth ₹525 crore during 2013-14 against ₹140 crore during 2012-13.
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