Amul Dairy achieves record turnover of US$1.5M in FY24

INDIA – Amul Dairy, also known as the Kheda District Co-operative Milk Producers Union Limited (KDCMPUL), has achieved a significant milestone with a record turnover of US$1.5 million (Rs 12,880 crore) in the financial year 2023-24.

This marks a 9% growth compared to the previous fiscal year, reflecting the dairy’s robust performance and commitment to quality.

Vipul Patel, Chairman of Amul Dairy, expressed pride in this achievement, emphasizing its historic significance for the organization.

He highlighted the dairy’s focus on ensuring milk quality and supporting milk producers, which has been instrumental in driving growth.

In addition to achieving a record turnover, Amul Dairy has also increased its procurement price for milk fat, demonstrating its dedication to fair compensation for dairy farmers.

The procurement price per kilogram of fat has been raised to Rs 1,000, the highest among all milk unions, reflecting an 11% increase compared to the previous year.

Furthermore, the dairy has witnessed a significant increase in milk procurement, collecting 173 crore kilograms of milk in FY24, a 15% jump from the previous year.

This increased procurement translates to tangible benefits for over 4.50 lakh milk producers associated with Amul Dairy.

To enhance productivity and genetic improvement in milch animals, Amul Dairy has implemented initiatives such as the use of sex-sorted semen, resulting in the birth of 60,000 high-genetic merit bulls and calves.

Additionally, measures have been taken to improve fodder availability, including the establishment of total mixed ration (TMR) stations to provide balanced nutrition to dairy cattle.

Looking ahead, Amul Dairy aims to further enhance productivity and nutrition availability in its milk shed areas, covering Anand, Kheda, and Mahisagar districts.

In addition, plans are underway to set up TMR plants in each taluka to ensure year-round availability of dry and green fodder for dairy cattle.

Meanwhile, the Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), which sells dairy products under the Amul brand, has reported a revenue growth of 18.5% in FY23, reaching Rs 55,055 crore.

This growth is attributed to strong demand for branded consumer products, including fresh products and ice cream, underscoring the enduring popularity of the Amul brand in the market.

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