Monday, July 5, 2021

Amul turnover increased 2% to Rs 39,100 crore in FY 2021 despite Covid pandemic

Amul turnover rises 2% to Rs 39,200 crore in FY21 despite Covid-19: GCMMF's MD Sodhi

 NEW DELHI: The whole turnover of GCMMF, which markets dairy merchandise below Amul brand, grew 2% to Rs 39,200 crore regardless of the Covid-19 pandemic, its managing director R S Sodhi stated on Sunday. Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF) had posted a 17 per cent bounce in income in the course of the economic yr 2019-20 to Rs 38,550 crore.

In an interview with , Sodhi stated the boom slowed down for the duration of the ultimate fiscal however he expects income to jump again in the present day monetary yr 2021-22.

"We accomplished two per cent boom in turnover at some stage in the remaining fiscal yr to Rs 39,200 crore," Sodhi informed .

However, he highlighted that the turnover of its branded client merchandise like clean milk, cheese, curd, butter milk and paneer extended 8.5-9%.

Sodhi stated income of ice cream had been down 35% remaining fiscal ordinarily due to the fact of the nationwide lockdown at some point of summer.

He delivered that the commodity enterprise of merchandise like skimmed milk powder (SMP) used to be additionally impacted.

The family consumption of milk and different dairy merchandise remained sturdy however the demand from hotels, eating places and cafeterias (HoReCA segment) was once severly affected, he said.

"We assume to return to greater double-digit boom in the course of the modern economic year," Sodhi said.

The cooperative sells one hundred fifty lakh litres of milk per day; of which, Gujarat contributes round 60 lakh litres, Delhi-NCR 35 lakh litres and Maharashtra 20 lakh litres, he added.

It additionally sells milk in Punjab, Uttar Pradesh and Kolkata.

GCMMF has an set up processing ability of 360 lakh litre per day.

Recently, GCMMF hiked milk fees of Amul through Rs two per litre throughout India from July 1 due to an amplify in enter costs.

Rates have been improved after one and a 1/2 years.

As a policy, GCMMF passes on nearly eighty paise of each rupee paid with the aid of buyers for milk and milk merchandise to the milk producers.

The charge revision would assist in sustaining remunerative milk expenditures to its milk producers and to motivate them for greater milk production, it added.

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