Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
Latest News

Amul the dairy giant, reports slowest growth in 8 years

The dairy giant Amul has reported its slowest growth in the past eight years for 2014-15.

Gujarat Cooperative Milk Marketing Federation ended the fiscal with the revenue of Rs 20,730 crore. That was an increase of 14.2% over the previous year whereas it has achieved a compounded growth rate of 20% over the past five years in marketing its Amul brand of milk and milk products.

“We have achieved volume sales growth in all product categories, the consumer product line has grown by 21% especially in the beverages, small milk powder pouches and ice-cream,” Amul’s managing director RS Sodhi said.

“With the current expansion in setting greenfield projects and expanding existing units, we should achieve a turnover of Rs 25,000 crore (for Amul brand) in 2015-16,” said Sodhi.

Get Daily Prediction & Stocks Tips On Your Mobile