Amul Dairy

TMS Ep411: Amul backlash, dating apps, bank stocks, Cognyte spyware

Why is Amul facing backlash in Karnataka? How are Indian dating apps penetrating tier 2 cities? Ahead of Q4 results, which bank stocks should you bet on? What is Cognyte spyware? All answers here

Amul expects 20% revenue growth to Rs 66,000 cr in FY24; no rate hike plans

GCMMF, which sells dairy products under the Amul brand, is expecting 20 per cent growth in its revenue this fiscal to around Rs 66,000 crore on rising demand, its MD Jayen Mehta said. Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF) registered a turnover of Rs 55,055 crore in 2022-23, up 18.5 per cent from the previous year. In an interview with PTI, the GCMMF MD (in charge) said it had clocked a strong growth in revenue last fiscal, as demand for branded dairy products rose significantly post-COVID. "We expect the sales momentum to continue across our product portfolio. Demand is shifting from unorganised to organised players," he said. Mehta said the federation is also focusing on growing organic food and edible oil businesses, which are currently very small. Asked about milk prices, Mehta said, "We have no plans to increase rates as of now". He pointed out that input cost has risen by 15 per cent in the last one year, forcing the cooperative to hike retail prices to

Amul India's former MD Sodhi joins Reliance Retail's grocery division

R.S. Sodhi, former managing director of India's largest dairy brand Amul, has joined the grocery division of Reliance Industries retail unit, a person with direct knowledge of the matter told Reuters

GCMMF turnover up 18% in FY23 to Rs 55,055 cr, eyes trillion rupees by 2025

GCMMF plans to achieve sales turnover of Rs. 1,00,000 crores by 2025

Amul aiming to become a total foods and beverages company: MD Jayen Mehta

Commenting on high inflation in the dairy sector and three price hikes in the last one year, Mehta said that it was 'imperative' as 'cost of feed and fodder is a direct cost to the farmer'

Amul hikes milk prices by Rs 2 per litre for all markets except Gujarat

The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets its dairy products under the Amul brand, on Friday increased the prices of its milk brands by Rs 2 per litre for all markets except Gujarat. Jayen Mehta, Managing Director of the federation, made it clear that the hike in milk prices is not applicable to Gujarat and the new rates are meant only for other markets, including Mumbai, Kolkata and Delhi. The new prices will be effective from Friday morning, the GCMMF said in a statement.

Podcast: What's behind the rise in milk prices across the country?

Milk production may have increased, but the prices have risen sharply too. What's behind the rise in milk prices this year?

Amul's utterly butterly supply melts; eateries switch to alternatives

Consumers across the country have reported a shortage of Amul butter in the market

Is there a shortage of Amul dairy products in the market?

Amul's Pashudhan is opening an alternative business for farmers, eBay style

In the "Pashudhan" tool of Amul's Milk Producers' app, the cattle rearers can upload pictures of their cattle and enter details like the day's milk yield and breed in order to sell them

Amul Gold, buffalo milk rates rise by Rs 2/litre everywhere, except Gujarat

GCMMF, which sells milk under the Amul brand, has hiked the prices of Amul Gold and buffalo milk by Rs 2 per litre each across all markets except Gujarat. "Prices have been increased by Rs 2 per litre for Amul Gold and buffalo milk due to increase in fat prices," Gujarat Cooperative Milk Marketing Federation (GCMMF) managing director R S Sodhi told PTI. Prices have been raised for all markets except Gujarat, he added. The Cooperative had last increased the milk prices on August 17 by Rs 2 per litre citing rise in milk procurement cost. GCMMF passes on almost 80 paise of every rupee paid by consumers for milk and milk products to the milk producers. Apart from Gujarat, GCMMF mainly sells milk in Delhi-NCR, West Bengal and Mumbai. GCMMF sells more than 150 lakh litres of milk per day and out of the total quantity, Delhi-NCR accounts for nearly 40 lakh litres per day.

India's milk output to jump 3-fold to 628 mn tonnes in 25 years: Amul MD

India's milk production is expected to jump three-fold to 628 million tonnes in the next 25 years with an average annual growth of 4.5 per cent, Amul Managing Director R S Sodhi said on Monday. The country's milk production was 210 million tonnes in 2021, the MD of Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy products under the Amul brand, said. "Milk production in India is projected to grow at a CAGR of 4.5 per cent to reach 628 million tonnes in the next 25 years," he said while giving a presentation on the outlook of the Indian dairy sector over the next 25 years. Sodhi was speaking at International Dairy Federation World Dairy Summit (IDF WDS) 2022, being organised at India Expo Centre & Mart here during September 12-15. India's share in global production is estimated to nearly double to 45 per cent in the next 25 years from 23 per cent now. The demand is also set to increase because of the rising population, Sodhi said. The demand for milk is .

Amul, Mother Diary hike milk prices by Rs 2 due to rise in procurement cost

The hike -- which comes days before Janmashtami celebrations and months ahead of the flush season when milk supplies usually rise -- may impact household budgets

Amul bucked Covid blues, launched more than 100 products during lockdown

At a time when other food and beverage (F&B) brands took a hit during the lockdown, Amul was on a product-launching spree.

Amul posts group turnover of Rs 61,000 cr in FY22 on milk & ice-cream biz

Post pandemic recovery results in addition of Rs 8,000 crore in annual turnover

Amul dairy says bracing for sales disruption due to straws ban

India last week refused to waive an impending ban on straws that are packaged with small juice and milk beverage packs

Amul price hike: What does this mean for dairy-related stocks?

The price hike may spark a bullish rally in dairy-related stocks like Hatsun Agro Product, Heritage Foods and Parag Milk Foods indicate charts.

Amul to invest Rs 1,500 cr in 2 yrs to set up dairy, various other plants

GCMMF has forayed into edible oil and potato processing segments as part of its objective to boost income of farmers from Gujarat and other states.

This IITian and ex-Infy techie is creating India's first kiddie dairy brand

Gaurav Haran's firm has launched its Nutrinos brand of yoghurt in three flavours, and will soon be coming out with cheese-based snacks and flavoured milk as well

Affordability a key aspect in India as far as food is concerned: GCMMF MD

We plan to touch Rs 1 trillion of Amul brand's turnover in next five years, says GCMMF MD R S Sodhi