Amul’s revenue projected to exceed US$12B by FY26 

INDIA – India’s leading dairy brand, Amul, is set to achieve a revenue milestone of over US$12 billion by the fiscal year 2026, propelled by growing consumer demand for milk and dairy products. 

The Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF), which markets Amul products, is forecasting this leap from its current revenue of approximately US$10.8 billion in the last fiscal year. 

The projection highlights Amul’s strong position in India’s dairy industry and its potential to compete with global dairy giants.

According to GCMMF Managing Director Jayen Mehta, the cooperative aims to increase its own turnover by 14%, targeting US$9 billion by FY26. 

An additional US$3 billion is expected from direct sales by its 18 member unions, which distribute Amul products across local markets, primarily in Gujarat.  

Mehta told PTI, “We are witnessing double-digit growth in all product categories, and with rising demand, we expect to cross US$12 billion by FY26.” 

This growth is supported by Amul’s extensive network, which includes over 3.6 million farmers and a robust supply chain.

A report by industry analysts points to India’s increasing population and urbanization as key drivers behind the surge in dairy consumption. 

Amul’s diverse product range, from milk and butter to cheese and ice cream, has helped it capture a wide market. 

The company processes around 31 million liters of milk daily, a figure expected to rise as it expands capacity. 

R.S. Sodhi, former GCMMF head, said in an interview, “Amul’s strength lies in its cooperative model, ensuring fair prices for farmers and affordable products for consumers.”

To meet its ambitious target, Amul plans to invest in new processing plants and marketing efforts. The brand’s international presence is also growing, with exports to over 50 countries contributing to its revenue. 

Meanwhile, Amul is focusing on quality and innovation, like launching high-protein milk products, which has bolstered its appeal. 

Industry experts predict that if this trajectory continues, Amul could become one of the top five dairy companies globally by the end of the decade.