India: Amul plans to establish 15 new milk processing plants

Indian dairy giant Amul is planning to add 15 new milk processing plants in the 2024 financial year as it seeks to capitalize on the move from own-label to branded products.

The company has reportedly lined up an investment of $40-53.33 million for capacity expansion and new initiatives. It currently has installed capacity of 47 million litres per day and expects to expand this by 3-4 million litres per day in the next two years.

Jayen Mehta, MD at Gujarat Cooperative Milk Marketing Federation (GCMMF), described as the apex organisation of Amul, said: “Post-Covid-19, the movement from loose to packaged, unbranded to branded products has been high. This gives us a huge runway for growth, given that we have positioned ourselves as a brand for the masses”.

By adding 15 new units, Amul will have a total of 113 processing plants. The company also plans to broaden its product range to include milkshakes, curd, sweets, bakery products, protein-based buttermilk, lassi, probiotic chocolates, ice creams, and cheese.

By financial year 2026, GCMMF has aims to achieve 1 trillion INR ($12 billion) in revenue.

Source: The Financial Express