India’s largest dairy cooperative, the Gujarat Co-operative Milk Marketing Federation (GCMMF), had sales turnover of approximately $2.2 billion in the fiscal year 2010-2011. This has contributed to sales turnover of approximately $3 billion for its brand, Amul. Prashant Rupera, TNN, Apr 2, 2011, 10.13pm IST
VADODARA: Co-operative dairy giant Amul is now a three billion dollar brand. The Gujarat Co-operative Milk Marketing Federation (GCMMF) that markets brand Amul has reported a sales turnover of Rs 9,780 crore for the fiscal year 2010-11, a growth of 22 per cent over previous year when it had registered Rs 8,002 crore annual turnover. Putting together direct sales done by all the 13 district dairy unions of Gujarat, which are member unions of GCMMF, sales turnover of brand Amul has touched the Rs 13,500 crore mark – US $ 3 billion.
“We have now set the target of crossing sales turnover mark of Rs 12,000 crore for the current fiscal year, which is in tune with our target of achieving sales turnover of Rs 30,000 crore by 2020,” managing director of GCMMF R S Sodhi told TOI on Saturday. Amul had achieved the distinction of becoming country’s first billion dollar co-operative brand just four years ago in 2007. http://articles.timesofindia.indiatimes.com/2011-04-02/vadodara/29374451_1_amul-milk-dairy-unions-milk-marketing-federation