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
