Amul didn’t improve milk costs in 2020 and 2021 resulting from COVID-19.
Jayen Mehta additionally said that they count on the gross sales momentum to proceed throughout their merchandise because the demand is shifting from unorganised to organised gamers within the sector.
Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF) which sells dairy merchandise underneath the Amul model is anticipating 20 per cent development in its income this fiscal to round Rs 66,000 crore on rising calls for, said Managing Director Jayen Mehta. According to PTI, the GCMMF registered a turnover of Rs 55,005 crore in 2022-23, an 18.5 per cent rise from the earlier yr.
Speaking with the information company, Mehta shared that it had clocked a robust development in income final fiscal, as demand for branded dairy merchandise elevated post-COVID-19 pandemic.
Mehta additionally said that they count on the gross sales momentum to proceed throughout their merchandise because the demand is shifting from unorganised to organised gamers within the sector. He additionally talked about that the federation is specializing in rising natural meals and edible oil companies that are at present very small. When requested concerning the milk costs, the GCMMF MD stated, “We have no plans to increase rates as of now.”
He additionally added that final yr’s enter price elevated by 15 per cent, forcing the cooperative to hike retail costs to some extent. Due to COVID-19, GCMMF didn’t hike costs in 2020 and 2021 however the charges had been raised a number of occasions final yr, Mehta said.
GCMMF passes on round 80 per cent of retail costs to dairy farmers. Mehta stated that the procurement of milk has elevated in March and can develop this month as properly. The farmers are additionally receiving good costs and the provision of milk can also be bettering. The flush season may even be across the nook in South India which may even increase provide.
The MD additionally famous that the demand rose sharply post-COVID and it might proceed, though the tempo of development ought to reasonable this yr on base impact and the demand and provide would stay balanced shortly.
In the final fiscal, GCMMF reported 21 per cent development in contemporary merchandise, which contributes 50 per cent to its turnover and the ice cream vary rose by 41 per cent.
At current, GCMMF has 98 milk processing vegetation pan-India with an put in capability of 470 lakh litres per day. It collects a mean of 270 lakh litres per day. MD additionally added that the federation will broaden capability by 30-40 lakh litres per day within the coming two years.
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