According to its MD, Jayen Mehta, Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), which sells dairy products under the "Amul" brand, saw an 11 percent increase in income to Rs 65,911 crore for the most recent fiscal year.

This gain was primarily due to an increase in volumes across all categories.

In 2023–2024, GCMMF's revenue climbed by eight percent to Rs 59,259 crore.

He said that the final two quarters of the 2024–25 fiscal year had shown respectable growth.

"Our revenue during the 2024-25 financial year grew by 11 per cent to Rs 65,911 crore. We have clocked double digits across all product categories," Mehta said.

"The rise in turnover was largely driven by volume growth. We did not increase prices much," Mehta said.

He said that the only time milk prices were increased due to rising input costs was in June of last year. 

 

To entice customers to purchase larger packs, GCMMF lowered the price of one-liter packets by Rs 1 per litre throughout India in January of this year.

Based on robust consumer demand, the managing director of GCMMF anticipates maintaining the growth pace in the current fiscal year.

Mehta stated that the business would keep increasing its capacity in order to satisfy the growing demand.

GCMMF is the biggest farmer-owned dairy cooperative in the world. Its 18 member unions purchase 300 lakh liters of milk every day from 3.6 million farmers spread throughout 18,600 Gujarati villages.

In terms of milk processing, it is ranked eighth out of the top 20 dairy enterprises worldwide by the International Farm Comparison Network (IFCN).

In addition to the home market, GCMMF exports dairy products to over 50 nations.

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Four fresh milk varieties were introduced by GCMMF last year to serve the Asian and Indian diaspora populations in the US.