Amul clocks quantum leap of 187% in 6 years

TIL Desk/Business/Ahmedabad-The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets the popular Amul brand of milk and dairy products, has registered a quantum growth of 187 per cent in the last six years, indicating a whopping cumulative average growth rate (CAGR) of 19.2 per cent.

During the last three years, Amul achieved a growth of 67 per cent to clock a turnover of Rs 23,004 crore during the year 2015-16. This was revealed at the 42nd annual general meeting of the GCMMF held at its headquarters Anand in Gujarat. The group turnover of GCMMF and its constituent member unions, representing the figure of all products sold under the Amul brand, was Rs 33,000 crore or $5 billion.

Rapidly moving up the global rankings, Amul is now ranked as the 13th largest dairy organisation in the world, according to the latest data released by the International Farm Comparison Network (IFCN). It is ranked well ahead of other dairy companies such as Land O’Lakes & Schreiber Foods of USA, Muller of Germany, Groupe Sodiaal of France and Mengniu of China.