Amul expects revenue to grow by 20% to Rs 40,000 cr in 2019-20

GCMMF, which markets dairy products under the Amul brand, is expecting 20 per cent increase in its turnover this fiscal at around Rs 40,000 crore, driven by likely growth in volume and value terms, a top company official said.

Gujarat Co-operative Milk Marketing Federation (GCMMF) posted 13 per cent increase in its turnover at Rs 33,150 crore during 2018-19 from Rs 29,225 crore in the previous fiscal.

"In the last financial year, our revenue growth was because of higher volume and there was no price increase across our product portfolio. But, in this year we are expecting growth in both volume and value terms," Amul MD R S Sodhi told PTI.

He said the company is expecting 20 per cent growth in turnover during 2019-20.

Sodhi also said that the milk procurement prices have gone up in the last few months in states like Maharashtra.

"We were paying our farmers higher prices when milk procurement prices declined in many states. So there will be no impact on us," he added.

He ruled out any ..