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Amul Expects 20% Revenue Growth To Rs 66,000 Cr In FY24; Currently No Plans

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[ad_1] New Delhi:  GCMMF, which sells dairy products under the Amul brand, is expecting 20 percent growth in its revenue this fiscal to around Rs 66,000 crore on rising demand, its MD Jayen Mehta said. Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF) registered a turnover of Rs 55,055 crore in 2022-23, up 18.5 percent from the previous year. In an interview with PTI, the GCMMF MD (in charge) said it had clocked a strong growth in revenue last fiscal, as demand for branded dairy products rose significantly post-COVID. ( Also Read: FD Interest Rates For Senior Citizens 2023: These Banks Offer Rates Over 9% ) "We expect the sales momentum to continue across our product portfolio. Demand is shifting from unorganised to organised players," he said. ( Also Read: 10 Best Govt Savings Schemes: Which One Should You Opt? Check Calculator, Benefits ) Mehta said the federation is also focusing on growing organic food and edible oil businesses, which are currently v

'Elon-e-Jung!': Amul Shares Topical On Twitter-Threads Feud

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[ad_1] Social media platform Threads, recently launched by Meta, has already taken the internet by storm. Pitched as an alternative for the micro-blogging site Twitter, it already has more than 70 million people signed up on the platform, according to Meta. But it seems the news didn't go well with Twitter's Executive Chair Elon Musk, leading to an online feud between him and Mark Zuckerberg. In no time, the situation gave birth to a meme-fest, with people posting various interesting content on various social media platforms. Amul too wasted no time and joined the bandwagon with a witty post on the ongoing situation. Dairy brand Amul has always been known for their unique posts on trending news and incidents from across the world. Each of these posts are unique, witty and remain true to the brand's aesthetics. The current post on the Twitter-Thread feud is no different. In the post, we can see graphic representation of Mark Zuckerberg and Elon Musk in an imaginary b