Amul has achieved a historic milestone by becoming the first FMCG company in India to cross a ₹1 trillion turnover, marking a significant moment in India’s consumer goods and dairy sector. The company recorded around 11% growth in FY26, driven by strong domestic demand, global expansion, and diversification into value-added dairy and nutrition-based products.
Growth Drivers
Strong Domestic Expansion
- Aggressive distribution push in smaller towns (population >5,000)
- Deep rural and semi-urban market penetration
Global Market Expansion
- Expansion of fresh milk products in Europe and the United States
- Strengthening international footprint
Product Diversification
- Focus on emerging segments: Probiotics, Protein-based products and Organic dairy
- High demand for value-added products like: Buttermilk and Cheese
Cooperative Structure & Revenue Details
- Marketing arm: Gujarat Cooperative Milk Marketing Federation
- Reported ₹73,450 crore revenue in FY26
- Growth: 11.4% YoY
Why Difference in Turnover Figures?
Total ₹1 trillion turnover includes:
- Sales by multiple cooperative unions under Amul brand
- Cattle feed sales (included in total but excluded in GCMMF revenue)
Structural Strength of Amul Model
- Cooperative network of 18 district unions
- Strong farmer-based supply chain
- Over 1,200 product offerings
- Extensive distribution network and brand recall
- Global Presence: Operates in 50+ countries
- Expansion Plans: Targeting 10 new international markets (Africa & Southeast Asia)