
Amul Achieves Milestone as First Indian FMCG Company to Reach Rs 1 Trillion in Turnover
Amul Achieves Rs 1 Trillion Turnover Milestone
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, according to a recent Business Standard report.
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.
Amul's success can be attributed to an aggressive distribution push within India, particularly in smaller towns with populations exceeding 5,000. The company is also diversifying its product portfolio, with increased focus on categories such as protein, probiotic, and organic offerings. Value-added dairy segments including buttermilk and cheese have recorded strong demand, contributing to overall expansion.
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As a result, 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.
| Company | Revenue (FY26) | Growth Rate (vs. FY25) |
|---|---|---|
| Amul | Rs 1 trillion | 11% |
| Gujarat Cooperative Milk Marketing Federation (GCMMF) | Rs 73,450 crore | 11.4% |
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. Certain components such as cattle feed sales in Gujarat are included in Amul's total turnover but excluded from GCMMF's reported numbers.
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.
The milestone reflects the trust of millions of consumers and the contribution of over 3.6 million dairy farmers, according to Ashokbhai Chaudhary. Gordhanbhai Dhameliya described it as a validation of the cooperative model's strength and scalability. Jayen Mehta, Amul CEO, 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.
Investor Takeaway
Investors should consider Amul's strong performance and potential for sustained double-digit growth.
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