Amul cooperative’s group turnover rose 15 per cent year-on-year to Rs 61,000 crore in 2021-22, Gujarat Cooperative Milk Advertising and marketing Federation (GCMMF) mentioned on Tuesday.

It had reported a turnover of Rs 53,000 crore within the previous fiscal, mentioned GCMMF, which markets merchandise beneath the Amul model.

In accordance with the federation, GCMMF and its constituent member unions registered a gaggle turnover of Rs 61,000 crore in 2021-22, an increase of Rs 8,000 crore in comparison with Rs 53,000 crore in 2020-21.

GCMMF registered a turnover of Rs 46,481 crore in 2021-22, an increase of 18.46 per cent in comparison with the previous monetary yr on the again of a speedy post-pandemic restoration in out-of-home consumption and demand from eating places, catering, journey and hospitality segments, it mentioned.

”Amul cooperative motion celebrated its seventy fifth anniversary by reaching group turnover of Rs 61,000 crore, additional consolidating its place as the most important meals and FMCG model in India,” GCMMF mentioned after its forty eighth annual common assembly.

After its AGM, GCMMF Chairman Shamalbhai Patel knowledgeable that the federation achieved 18.46 per cent progress in turnover throughout 2021-22, which was even greater than the 16 per cent CAGR over the past 12 years. ”Over the past 12 years, our milk procurement has elevated by an outstanding 190 per cent. This spectacular progress was a results of the excessive milk procurement value – which has elevated by 143 per cent throughout this 12-year interval – paid to our farmer-members.

”The extremely remunerative value helped us retain farmers’ curiosity in milk manufacturing, and higher returns from dairying have motivated them to reinforce their investments on this sector,” the chairman added.

He mentioned that the cooperative is increasing in contemporary merchandise (milk, curd and buttermilk), and it’ll arrange a brand new dairy plant in Rajkot, Gujarat, at an funding of Rs 500 crore. ”Inside two years, massive dairy crops can even come up in Baghpat, close to Delhi, Varanasi, Rohtak and Kolkata,” Patel added.

GCMMF Managing Director RS Sodhi mentioned the return of out-of-home consumption resulted in excessive progress throughout most product classes. ”Our milk-based drinks enterprise grew by 36 per cent in worth phrases, regardless of the height summer time season of 2021 being impacted by the second wave of COVID-19. Our ice-cream enterprise additionally noticed a pointy revival with a greater than 50 per cent worth progress in 2022,” he mentioned. Amul’s flagship model Amul Butter grew by 17 per cent and the ghee enterprise grew by greater than 19 per cent in worth phrases, Sodhi added. Sodhi additional mentioned that Amul has launched the newest initiative to encourage farmers to undertake natural farming and pure farming, and is dedicated to offering market linkage and technical help to such farmers. ”Along with this, natural greens and fruits can even be launched out there quickly. Particular testing labs will probably be arrange by Amul throughout India to allow all farmers concerned in natural and pure farming to check their farm produce at dependable and reasonably priced charges,” he mentioned.

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