Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF) is expected to experience double-digit revenue growth this fiscal year, driven by strong demand for its products. According to MD Jayen Mehta, the company saw a 8% increase in turnover to Rs 59,445 crore in 2023-24, with a demand of nearly Rs 60,000 crore. The first eight months of 2024-25 have seen increased demand across categories, including milk, cheese, and ice cream. GCMMF has invested 80% of its planned Rs 11,000 crore to expand capacity. As a cooperative, it prioritizes farmer welfare, supporting 36 lakh farmers across 18,600 Gujarat villages and ranking 8th globally in milk processing, with exports to 50 countries.
Mehta predicts rapid and substantial increases in revenue, exceeding double digits.
