New Delhi: Dairy major GCMMF, which sells products under the Amul brand, is looking to more than double its turnover to Rs 50,000 crore in the next four years on account of rising demand for milk and value-added items. The turnover of Gujarat Cooperative Milk Marketing Federation (GCMMF) rose 11% to Rs 23,005 crore during 2015-16 fiscal. “After taking into consideration the continuous rise in demand for Amul products, we are anticipating at least 20% growth in our turnover for next 4 years,” GCMMF Managing Director R S Sodhi told PTI.
In the last six years, the dairy cooperative’s turnover has jumped nearly three-fold to Rs 23,000 crore.
Fifty per cent of the Amul’s turnover comes from milk sale, commodity business contributes only 5-7 per cent and the rest comes from value-added products segment.
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