Amul posts Rs. 61000 crore Turnover in FY 22

Amul is celebrating 75th year of its cooperative movement, Amul has a turnover of Rs 61,000 crore for financial year (FY) 2021-22, and position as the largest food and FMCG brand in India. Currently ranked as the eighth largest dairy organisation in the world, the Gujarat Cooperative Milk Marketing Federation (GCMMF), which owns and markets products under the brand name Amul, added another Rs 8,000 crore to its group turnover in 2021-22.

According to the federation, the growth in its turnover came on the back of rapid post-pandemic recovery in out-of-home consumption and demand from restaurants, catering, travel and hospitality segments.

Consumers are rewarded by displaying higher preference for brand Amul. As out-of-home consumption returns to normalcy, restaurants are witnessing higher footfalls, travel and tourism has resumed and so have functions and gatherings. The combined impact of all these factors is resulting in high growth across most product categories.

According to Sodhi, Amul's milk-based beverages business grew by 36 per cent in value terms, its ice-cream business also saw a sharp revival with a more than 50 per cent value growth in 2022. This was despite the peak summer season of 2021 being impacted by the second wave of Covid.

Amul Butter grew by 17 per cent, while Ghee business grew by more than 19 per cent, both in value terms. Achieved 17 per cent value growth in Amul long life milk, 44 per cent value growth in Amul Cream, 24 per cent value growth in Amul Dahi, 18 per cent value growth in fresh Buttermilk and impressive 12 per cent value growth in largest product category, Amul fresh milk. As part of its product innovation initiatives, Amul also launched products like High Protein Lassi, High Protein Buttermilk, Speciality Cheeses, Amul Peanut Spread, a wide range of fresh ethnic Indian milk-based mithai and Amul Butter-based bread, cookies and bakery products in multiple markets.

After the federation's 48th Annual General Body Meeting on Tuesday, GCMMF chairman Shamalbhai Patel stated that the cooperative achieved 18.46 per cent growth in turnover in FY'22, higher than the 16 per cent CAGR in turnover over the last 12 years.