Amul FY26 Turnover Tops ₹1 Trillion, Driven by Distribution and Exports

Amul reported a brand turnover of over ₹1 trillion in FY26, registering an 11% increase from the previous year’s ₹90,000 crore base, as per news reports.  

The development is the first instance of an Indian fast-moving consumer goods (FMCG) company crossing this threshold. The increase follows higher volumes and demand across product categories during the year. 

Federation Turnover and Reporting Gap 

The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets Amul products, recorded a turnover of ₹73,450 crore in FY26, compared with ₹65,911 crore in FY25, a 11.4% rise.  

The difference between GCMMF turnover and the brand’s overall turnover is due to sales booked by member dairies in cities such as Anand, Rajkot, Vadodara and Surat, which are not fully captured in the federation’s accounts. Brand turnover also includes cattle feed sales in Gujarat. 

Distribution and Procurement Scale 

GCMMF continued to expand its distribution reach during the year, including deeper penetration into smaller towns with populations above 5,000.  

The federation procures around 31 million litres of milk daily and distributes over 24 billion packs annually. Its network covers a large number of retail outlets across the country, supporting supply across regions. 

Product Mix and Category Growth 

The product portfolio includes more than 1,200 packs across milk and milk-based categories such as butter, cheese, ghee, and ice cream. Value-added products, including buttermilk and cheese, recorded steady demand.  

The company has also increased its focus on categories such as protein-based, probiotic, and organic products, which contributed to overall growth during the year. 

Overseas Expansion 

Amul maintained its presence in more than 50 countries and introduced fresh milk in markets such as Europe and the United States.  

The company is also looking to expand into Africa and Southeast Asia, with plans to enter additional markets over the next year as part of its export strategy. 

Read More: Government Holds 60% Free Seat Directive for Airlines After Industry Concerns! 

Conclusion 

The increase in turnover is indicative of higher volumes, wider distribution and expansion in overseas markets, supported by a cooperative network of about 3.6 million dairy farmers. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.