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

May 14, 2019 |
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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 percent 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 percent 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.

 

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