Amul posts 19% growth in fiscal year of 09-10

AmulAmul has seen a significant growth in its total turnover in the fiscal year of 2009-10. Amul is the popular brand of Gujarat Co-operative Milk Marketing Federation (GCMMF) and all the diary product of the company is being marketed under this name only.

Gujarat Co-operative Milk Marketing Federation has announced that there has been a growth of 19.3% in the turnover of the firm in the 2009-10 financial year against its corresponding quarter last year.

The turnover of GCMMF has been recorded Rs 8,005 crore in the year under review. The company has posted a turnover of Rs 6,711 crore in 2008-09.

Moreover, there has been a reasonable growth of 21% in the sales growth of the firm's pouch milk category. In value terms, the growth is almost 32% for the reviewed year. Ice cream sales have gone up by 22% in this year.

The financial result of the firm has been approved at the 36th annual general meeting which was attended by11 of the 13 board members of Co-operative Milk Marketing Federation.