Amul joins billion-dollar club

Amul joins billion-dollar club
PTI
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First Published: Fri, Jun 15 2007. 05 32 PM IST
Updated: Fri, Jun 15 2007. 05 32 PM IST
New Delhi: The Gujarat Co-operative Milk Marketing Federation (GCMMF), the marketing body of Amul said on 16 June, it has touched Rs 4,277.84 crore in revenues in fiscal year 2006-07, thus becoming the first billion-dollar co-operative in India.
The federation has reported a jump of 13.4% in terms of revenues at Rs 4,277.84 crore as compared to Rs 3,700 crore in the previous fiscal.
‘This is an extremely impressive growth when viewed against the ban on exports of skimmed milk powder, and massive losses suffered by farmers due to floods during the last monsoon season, especially in Surat,’GCMMF chairman Parthibhai G.Bhatol said.
Explaining the performances of different GCMMF products during the year, Bhatol said: “The sales of Amul milk in pouches have grown by 40% in terms of value. Similarly, sales of ghee in Amul and Sagar brands have gone up by 28%. Ultra high-temperature treated (UHT) milk has also shown an impressive growth of 25% and the sales in flavoured milk has increased by 55% during the fiscal.”
The total milk procurement by the member unions during 2006-06 averaged at 67.25 lakh kg per day, a growth of 4.5% over 64.38 lakh kg per day in the previous fiscal. This was done in spite of adverse weather conditions, Bhatol said.
GCMMF has a membership of 26 lakh milk producers. It is also the largest producer of pouched milk brand in the world.
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First Published: Fri, Jun 15 2007. 05 32 PM IST
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