Amul turnover grows 13% to Rs 33,150 crore in 2018-19 - The Feonomi,,_https:/leconomictimes indiatimes. comlindustry/cons-products/food/amul- Tue EcoxomicTites ese» ny» Come» Fo Sec we Sc hae A mene hited SE ag ae weiner ‘eae aan ses setae Nenana Amul turnover grows 13% to Rs 33,150 crore in 2018-19 BY MADE SALY,ET BUREAU APR 1, 2016, 0739 ST NEW DELHI: The Gujarat Cooperative Milk Marketing Federation Ltd, which markets ‘Amul mi and dairy products, reported a 13% increase in tumaver to Rs 32,180 crore in the year ended March 31 “The Amul group's tumover exceeded Rs 45,000 crore, which is also 12% higher than last year. Amul BE SOO RUE ‘The Amul Federation has achieved a compound annual growth rate of more than 17.5% for the past nine years on account of higher milk procurement, expansion in markets, launch of new products and addilion of mik processing capacities across India, the ‘company said in a statement on Menday. eared ml choca, ut uses A Ta “We have achieved volume sales growth in allproduct categories. Pouch milk, which is camel mi andar ert ew ul range i the the highest turnover product, has shown good growth in almost all the marke,” managing us nance director RS Soahi said Big Change: ‘Amul launched value-added products such as favoured mi, chocolates, fruttbased Amul eed ow “Tru, camel milk and an entre new kul range in the previous financial year. ‘Amul Federation expects atleast 20% CAGR growth during the next five years, chaiman Ramsinh P Parmar sai. “The mantra of rapid expansion has dearly yielded rich dividends for Amul Federation,” he added. ‘Amul Federation vice chairman Jethabhal Sharwad said member unions plan to enhance thelr mik-processing capacity to 38 milton-40 rmifon ies @ day in the next two years from the current level of 5 milion ktres a day. ‘Amur 18 member unions, with more than 3.6 milion farmers across 18,700 viloges of Gujarat, procure on average 23 milion lies of ‘mik a day, which is 10% higher than last year (ther than the Amul brand of dary products, the unions market food products and cal feed. Close fo 80% of the revenue reaches the farmer members of te dairy cooperatives as the cost of mik procurement and bonus, ‘Stay ontop of business news wth Tha Economic Times App. Download Now! lof! 28-05-2019, 16:4