Strong consumer demand and volume growth drive record sales for India’s largest dairy cooperative
Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), the parent body of the iconic Amul brand, reported an 11% rise in revenue to ₹65,911 crore for the 2024-25 fiscal year, driven by strong volume growth across all product categories. The total unduplicated revenue of the Amul brand surged 12% to approximately ₹90,000 crore, up from ₹80,000 crore in the previous year, according to Managing Director Jayen Mehta.
“Our revenue during FY25 grew by 11%, and we have achieved double-digit growth across all product categories,” Mehta said. The increase in turnover was primarily volume-driven, with minimal price hikes, except for a revision in June last year due to rising input costs. In January 2025, GCMMF reduced the price of one-litre milk packs by ₹1 per litre to encourage larger purchases.
GCMMF, the world’s largest farmer-owned dairy cooperative, is backed by 36 lakh farmers across 18,600 villages in Gujarat. The cooperative procures an impressive 300 lakh litres of milk daily, with its 18 member unions selling Amul products directly in their respective local markets.
The federation has also been expanding its international footprint, exporting dairy products to around 50 countries. Last year, GCMMF entered the U.S. market with four fresh milk variants catering to the Indian diaspora and Asian consumers.
Mehta expressed confidence in maintaining the growth momentum, citing strong consumer demand and planned capacity expansions. GCMMF ranks 8th among the world’s top 20 dairy companies in terms of milk processing, as per the International Farm Comparison Network (IFCN).
With its continued growth, Amul remains a dominant force in India’s dairy industry while making significant strides in global markets.