Gujarat Co-operative Milk Marketing Federation (GCMMF) which owns and operates the Amul brand is looking to invest Rs 600-800 crore in the current fiscal. The brand wants to establish new milk processing plants in the vicinity of Delhi-NCR region while expanding the scale of the units already operational.
GCMMF is looking at a 20% increase in turnover in 2019 at around Rs 40,000 crore. The company plans to invest Rs 600-800 crore during this fiscal and a similar amount every year.
The revenue growth in the financial year of 2018 was attributed by the company to higher volume with no price increases in the product portfolio. But, 2019, GCMMF is expecting an increase in both volume and value terms.
This expectation comes in the wake of an increase in milk prices by Amul by Rs 2 per litre in Delhi-NCR and Maharashtra besides other states due to higher procurement costs.