Saturday, April 20

Tag: amul dairy

Amul eyes 15 percent growth in turnover despite COVID-19, Doble its Overall revenue in 5 years
27Apr By PriyankaNo Comments
BUSINESS

Amul eyes 15 percent growth in turnover despite COVID-19, Doble its Overall revenue in 5 years

New Delhi, 27th April 2020: Indian group GCMMF, which markets dairy products under Amul brand, expects its turnover to grow 15 percent this fiscal year from Rs 38,550 crore in 2019-20 despite economic slowdown caused by the nationwide lockdown to control coronavirus outbreak. The household consumption of milk and other dairy products is expected to rise and will compensate any temporary loss of sales caused by the closure of hotels, restaurants, and cafeterias (HoReCA segment) during the ongoing lockdown period, said R S Sodhi, the managing director of Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF). As per the company's financial data, Sales of Amul Federation and its 18-member union rose 17 percent year-on-year and crossed Rs 50,000 crore in the year ended March 31, 2020...
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Homegrown Amul Dairy Eyeing to Acquire a Manufacturing Plant in the US
12Sep By Gauri SinghNo Comments
ACQUISITION

Homegrown Amul Dairy Eyeing to Acquire a Manufacturing Plant in the US

India’s largest dairy firm Amul Dairy has been a dominant player in the country in this sector. The company is now moving forward to have its presence in the United States. The Amul Dairy which is originally known as Kaira District Cooperative Milk Producers Union Limited (KDCMPUL)  is on the advanced stages to launch its own dairy in the US. This move will mark as the first one in terms of any plant outside India started by a home-grown co-operative dairy company. According to the sources, Amul Dairy is eyeing to acquire a dairy plant in Wisconsin – the mid-western state of the US – to start its own operations. Wisconsin is among the top producers of cheese in the US, accounting for almost 27 % of total cheese production. “We are looking at options to expand our US operations so th...
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