Amul has become the first fast-moving consumer goods (FMCG) company in India to cross the Rs 1 trillion turnover milestone, posting around 11 per cent growth in FY26, a Business Standard report said on Monday.
The growth was supported by strong performance across both domestic and overseas markets, with the company expanding its fresh milk offerings in regions such as Europe and the United States, alongside robust double-digit growth in the latter half of the fiscal year, the Business Standard report further said.
Amul CEO Jayen Mehta said the achievement was largely driven by an aggressive distribution push within India, particularly in smaller towns with populations exceeding 5,000, Business Standard reported. He added that the company expects to sustain double-digit growth going forward.
Product diversification has also played a key role, with increased focus on categories such as protein, probiotic and organic offerings, Business Standard noted. Value-added dairy segments including buttermilk and cheese have recorded strong demand, contributing to overall expansion.
Business Standard highlighted that the dairy major now operates in over 50 countries and is actively expanding its global footprint. The company is targeting new markets across Africa and Southeast Asia, with plans to enter around 10 additional international geographies within a year.
While Amul’s overall turnover crossed Rs 1 trillion, its marketing arm, Gujarat Cooperative Milk Marketing Federation (GCMMF), reported revenue of Rs 73,450 crore for FY26, marking an 11.4 per cent rise from the previous year, Business Standard said. The difference in reported figures stems from the structure of the cooperative network, where several regional dairies sell products under the Amul brand but are not fully reflected in GCMMF’s turnover.
Additionally, certain components such as cattle feed sales in Gujarat are included in Amul’s total turnover but excluded from GCMMF’s reported numbers, Business Standard added.
The company attributed its growth to a wide product portfolio of over 1,200 offerings, a deep distribution network and its ability to adapt to evolving consumer preferences. Its cooperative structure, comprising 18 district unions, continues to support market leadership through a blend of localised strategies and strong brand recall, Business Standard reported.
Ashokbhai Chaudhary said the milestone reflects the trust of millions of consumers and the contribution of over 3.6 million dairy farmers, while Gordhanbhai Dhameliya described it as a validation of the cooperative model’s strength and scalability, Business Standard said.
Mehta added that the company’s expansion is not just about scale but also about redefining the potential of farmer-owned institutions in a globalised economy, ensuring that technological and trade benefits reach producers directly, Business Standard reported.
Source : Moneycontrol
