Amul

Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), which sells dairy products under the 'Amul' brand, is expecting double-digit growth in revenue during this fiscal on strong demand, its MD Jayen Mehta said. GCMMF had seen a demand of nearly Rs 60,000 crore last year. GCMMF's turnover increased 8 per cent in the 2023-24 financial year to Rs 59,445 crore. In an interview with PTI, Mehta said the co-operative has witnessed growth in demand across all product categories, including fresh milk, cheese and ice cream, during the first eight months of the current 2024-25 fiscal. "We are expecting a double-digit growth in the turnover," he said when asked about the revenue outlook for the full financial year. Mehta said the GCMMF handled 310 lakh litre of milk per day on average during the last fiscal. It has a total annual milk processing capacity of around 500 lakh litre. On the expansion plan, he said the GCMMF had announced plans to invest Rs 11,000 crore to expand its capaci

By launching Nandini milk in Delhi, Karnataka Milk Federation aims to capture a share of the competitive North Indian dairy market, in direct competition with Amul

Amul will enter the European market by the end of this month after launching its products in the US, GCMMF Managing Director Jayen S Mehta said on Monday. The Gujarat Cooperative Milk Marketing Federation (GCMMF) sells its dairy products under the popular Amul brand. "We will be launching milk...fresh products in Europe by the end of this month," he said at the annual convocation of Indian Institute of Foreign Trade (IIFT) here. The company will launch the products in Spain first and then look at expanding to other countries in Europe. He also said that non-tariff barriers are being faced by the Indian dairy industry in other countries and removal of those will help in increasing exports. "Try to create a market opportunity for us," Mehta said adding that milk is a source of livelihood for more than 10 crore families in the country and most of the producers are small and marginal farmers. India allows the import of dairy goods at a 30 per cent duty. Amul has a turnover of Rs 80,

Managing Director of AMUL and Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF) Jayen Mehta said AMUL's recently launched milk in US has been "highly successful" and they are now ready to enter the European market, which would mark a historic moment for the brand. Delivering the 11th Dr Verghese Kurien Memorial Oration on "AMUL Model: Transforming Lives of Million" organised by a private business management institute here on Saturday, Mehta said "India is now the largest milk producer in the world and is set to produce one-third of the world's total milk in the coming years", XLRI in a statement said. "Dairy isn't just a businessit's a lifeline for rural India," he said. Talking about Amul's recent launch of milk in the US, Mehta said it has been "highly successful", and they are now ready to enter the European market for the first time. To stay relevant, Amul focuses on offering protein-rich, organic, and chemical-free products that customers trust, while continuously ...

Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), which sells dairy products under Amul brand, on Saturday said its turnover has increased by 8 per cent to Rs 59,445 crore in the financial year ending March 2024 on better sales. "In the Golden Jubilee year of GCMMF, the organization registered a turnover of Rs 59,545 crore (USD 7 billion) for the financial year 2023-24 with a growth of 8 per cent year-on-year," the cooperative said in a statement after its 50th annual general meeting. The group turnover of brand Amul reached Rs 80,000 crore (USD 10 billion) in 2023-24 from Rs 72,000 crore (USD 9 billion) in 2022-23. Amul has been ranked as the world's strongest food brand and the strongest dairy brand as per Brand Finance, UK, world's leading brand consultancy. GCMMF said it is the world's largest farmer-owned dairy cooperative having 36 lakh farmers across 18,600 villages of Gujarat and its 18 member unions procure 300 lakh litres of milk per day. GCMMF also ranks 8th a

Police on Saturday registered a case against seven users of social media platform 'X' for allegedly spreading misinformation that the "low quality" ghee used for making laddus at the Tirupati temple belonged to the 'Amul' brand, an official said. A massive political row has erupted after Andhra Pradesh Chief Minister N Chandrababu Naidu claimed that animal fat was used in making laddus made Sri Venkateswara Swamy temple in Tirupati during the previous government in the state. Anand-based Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets its milk and dairy products under the brand name 'Amul', has denied having supplied ghee (clarified butter) to Tirumala Tirupati Devasthanams (TTD), which manages the temple. As per the FIR, X users of seven different handles spread misinformation that ghee with animal fat used for preparing laddus for Tirupati Balaji temple belonged to the 'Amul' brand with the intention of harming the reputation of the GCMMF, the cyber crime ...

Amul shares its prestigious AAA+ brand strength rating with Hershey's, though the latter saw a slight 0.5% dip in brand value to $3.9 billion, placing it second after leading the list last year

Entities submitting EoIs will be allowed to conduct due diligence on the asset by August 5, following which binding bids will be invited during the e-auction on a 100 per cent cash basis

The Delhi High Court has directed a Noida-resident to remove her social media posts that alleged she found a centipede in a tub of Amul ice cream bought by her. Justice Manmeet P S Arora, while dealing with a lawsuit by Gujarat Cooperative Milk Marketing Federation which markets products under Amul brand, further restrained the customer from posting and uploading any other identical or similar content on social media platforms until further orders. In a post on social media platform 'X' on June 15, Deepa Devi had shared a picture purportedly showing a centipede inside her Amul ice cream tub that she ordered through an instant delivery app. The plaintiff company argued in high court that the claim was false and incorrect as it was absolutely impossible for any foreign substance, let alone an insect, to be present in an ice cream tub packed at its facility. In an order passed on July 4, the court observed that the non-cooperation of the customers who have also remained absent in the

While private players had increased prices, cooperatives and state-supported enterprises had managed to maintain stable prices. Interestingly, dairies in southern India have reduced their retail rates

Bikanervala Foods Ltd said it will not increase the prices of sweetsas of now and has decided to absorb the hike in rates of milk by leading suppliers Amul and Mother Dairy. With effect from Monday, Amul and Mother Dairy have increased the liquid milk prices by Rs 2 per litre. "The recent surge in milk prices is likely to have an impact on the consumers and small sweet shop owners, leading to higher prices for milk-related products. However, it's important to note that the demand for 'mithai' and other milk-based products may not be significantly affected by these rising costs," said Manish Aggarwal, Director, Bikano, Bikanervala Foods Pvt Ltd. "We are absorbing the increased cost of milk and have no immediate plans to pass it on to our consumer," he added. Aggarwal said the company is carefully balancing consumer price sensitivity with price elasticity and competitive dynamics. "While we aim to maintain a steady volume momentum, if this scenario persists, we may need to consider

Mother Dairy's full cream milk is now priced at Rs 68 per litre, while toned and double-toned milk are available at Rs 56 and Rs 50 per litre

The price of Amul milk across all variants has been hiked by Rs 2 per litre with effect from Monday in view of the increase in the overall cost of operation and production of milk, Gujarat Cooperative Milk Marketing Federation (GCMMF) said. With this, the price of the Amul milk pouch will go up by Rs 2 per litre in all markets across the country. The price of Amul milk across all variants has been raised by Rs 2 per litre with effect from June 3, said Jayen Mehta, MD of GCMMF, which markets the milk and dairy products under the 'Amul' brand. The last time GCMMF had raised the milk price was in February 2023. The hike is necessitated to compensate farmers for their increased cost of production, Mehta said. With the fresh hike, the revised milk prices for variants such as 500 ml Amul buffalo milk, 500 ml Amul Gold milk, and 500 ml Amul Shakti milk stand at Rs 36, Rs 33, and Rs 30, respectively. "The increase of Rs 2 per litre translates to the range of 3-4 per cent increase in MRP w

Amul has tied up with 108-year-old cooperative organisation Michigan Milk Producers Association (MMPA) to launch fresh milk in the US market

Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy products under the Amul brand, has become a lead sponsor for a USA cricket men's team in the upcoming T20 World Cup. In a statement, GCMMF said that Amul has joined as the Lead Arm sponsor of USA Cricket men's national cricket team for the ICC Men's T20 World Cup 2024. The ICC tournament will commence on June 1 this year with the opening match scheduled between USA and Canada in Dallas, TX. As co-hosts of this major ICC event, the USA will make its debut appearance in this global championship. This association with GCMMF signifies a significant step towards expanding and popularizing cricket across the nation. Having initiated its association with international cricket back in 2011 through the Netherlands' cricket team, Amul has maintained a strong bond with the sport by supporting various international teams in numerous ICC events, the statement said. Venu Pisike, Chairman of USA Cricket, said, "We are pl

Indian dairy giant Amul will sponsor USA and South Africa during the T20 World Cup in June, the cricket boards of the respective teams announced on Thursday. The USA will be making their tournament debut as co-hosts of the tournament beginning June 1. Part of the event, including the semifinals and finals, will take place in the Caribbean. Amul has been named the Lead Arm sponsor of the both USA and South African squad. The World Cup opener will be played between USA and Canada on June 1. The Indian dairy behemoth with global footprints has sponsored cricket teams in the past as well including the Netherlands, South Africa and Afghanistan. Amul milk is also now being sold in the USA. USA recently beat Canada 4-0 in a bilateral series. "The goodness of Amul Milk will empower the USA Cricket team to win hearts and laurels from across the world. We wish our best to the team for the upcoming ICC T20 World Cup 2024," Jayen Mehta, Managing Director of Amul, said in a statement. On the

For the first time, Amul fresh milk will be available outside India, with the Gujarat Cooperative Milk Marketing Federation (GCMMF) launching four variants of milk in the US market within a week, to cater to Indian diaspora and Asian population. "We have been exporting dairy products for many decades. This is the first time we are launching fresh milk outside India," GCMMF MD Jayen Mehta told PTI. He said "the GCMMF has tied up with 108-year old cooperative organisation Michigan Milk Producers Association (MMPA) to launch fresh milk in the US market," The milk collection and processing will be done by MMPA, while GCMMF will do marketing and branding of Amul fresh milk. "Recipe will be ours. Within one week, Amul Taaza, Amul Gold, Amul Shakti and Amul Slim n Trim will be available in the US market," he said. Mehta said fresh milk will be available in New York, New Jersey, Chicago, Washington, Dallas and Texas among others. GCMMF will target non-resident Indians (NRIs) and the Asia

Prime Minister Narendra Modi on Thursday gave the target of making GCMMF, which owns Amul brand, the number one dairy company in the world from its current eighth position. The PM was speaking at the golden jubilee celebration of the Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets its products under the brand 'Amul', at the Narendra Modi stadium here. "While the global dairy sector is developing at 2 per cent per annum, India's dairy sector is developing at 6 per cent," Modi said. "Today Amul (GCMMF) is the eight largest dairy company in the world, your target is to make it number one, the government will give all its support. This is Modi's guarantee," he said. Addressing thousands of members of the co-operative dairy union who had come from all over the state, Modi said after India's independence many brands were created, but none of them is like 'Amul'. PM Modi also said that the contribution of women is paramount in the development of the country's dairy .

Seeding Change: Need 'Amul' model for neem seed collection to boost coverage, say experts

Dairy brand shares Ram Mandir doodle on its Instagram. Pran Prathistha of Ram Lalla took place on January 22, 2024. Check the post here