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Dairy giant Amul has announced📣 major business expansion plans for the future. Will invest Rs 1,500 crore in the next 2 years.

The company will invest around Rs.1,000 crore in the next two years to set up milk processing plants🏭.

It will put in another Rs. 500 crore💰 on facilities for producing edible oils.

Amul, which is run by the Gujarat Cooperative Milk Marketing Federation (GCMMF) expects a 12-15% growth📈 in revenue in the current fiscal year.

The company earned over Rs. 38,500 crore during the last fiscal year🗓️.

Staying upbeat

Amul is optimistic about the future despite the serious economic turmoil😧 brought on by the ongoing COVID-19 pandemic.

This is so because lately, the demand for branded food products has been rising consistently👍.

Keeping this in view, Amul has started manufacturing sweets🍧 as well as bakery items.

The company which has already forayed⏩ into edible oil, will increase its presence by producing groundnut oil, cottonseed oil, sunflower oil, mustard oil and soybean oil.

They will be marketed🎊 under the new brand ‘Janmay’.

A Mixed Bag

Amul has experienced a sales decline📉 of 30 to 40% in the ice cream segment.

This is due to the fact that hotels🏨, restaurants and canteens were closed and marriage ceremonies🤵🏻👰 got cancelled😣 due to the Covid lockdown.

However, this loss has been compensated☺️ by the increase in the household consumption of its milk🥛 and other dairy products such as paneer, buttermilk and ghee.

Their sales were 15% higher during April-August as compared with the year-ago period.

Because of that, Amul is increasing↗️ its daily milk processing capacity to 420 lakh litres per day from the current 380 lakh litres per day.

By admin

One thought on “Amul to scale up its presence in dairy, bakery and edible oil segments.”
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