Once a popular name in chocolates, Amul is taking a different route to regain market share as competition heats up in the Rs 85-billion category. The Gujarat Cooperative Milk Marketing Federation (GCMMF), the owner of Amul, will focus on dark chocolates, known for bitter after-taste thanks to higher cocoa content, as opposed to regular chocolates.
Amul was the number three player until a few years ago on the back of a portfolio of largely regular chocolates. But, continued domination of Mondelez and Nestlé, who are the number one and two players in the category, and the entry of newer names such