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....