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