India’s cooperative sector has added another milestone to its growth story, with Amul becoming the latest cooperative to cross the Rs 1 lakh crore turnover mark, soon after Saraswat Bank made headlines for achieving a similar feat. The back-to-back achievements underline the rising economic strength and relevance of the cooperative model in India.
The Gujarat Cooperative Milk Marketing Federation, which markets the Amul brand, announced that its total un-duplicated brand turnover for FY 2025–26 has surpassed Rs 1 lakh crore, registering an impressive 11% growth over the previous year’s Rs 90,000 crore. This milestone not only cements Amul’s leadership in the dairy sector but also positions it among the most successful farmer-owned enterprises globally.
GCMMF itself recorded a turnover of Rs 73,450 crore, marking a robust 11.4% increase compared to Rs 65,911 crore in FY 2024–25. With this, it continues to hold its position as India’s largest FMCG organization. The growth has been driven by a diversified product portfolio of over 1,200 SKUs, an extensive distribution network, and the cooperative’s ability to quickly adapt to changing consumer preferences.
Amul’s success story is deeply rooted in its vast grassroots network. The federation, along with its 18-member district milk unions, represents over 3.6 million dairy farmers across Gujarat. Collecting nearly 31 million litres of milk daily and distributing over 24 billion product packs annually, the cooperative has successfully blended local production with global-scale branding.
The achievement comes close on the heels of Amul being ranked as the world’s No. 1 cooperative by the International Cooperative Alliance. This recognition, combined with its financial performance, highlights the growing global footprint of Indian cooperatives.
A key driver of this expansion has been Amul’s aggressive push into international markets. During the past year, the brand launched fresh milk products in Europe and the United States, signaling its ambition to become a household name worldwide. This aligns with the broader vision of making Indian food products globally ubiquitous.
The cooperative ecosystem has also received policy-level support. Union Home and Cooperation Minister Amit Shah had earlier launched the Sardar Patel Cooperative Dairy Federation Limited (SPCDF), aimed at expanding the “Amul model” beyond Gujarat. The initiative seeks to integrate village-level dairy cooperatives across states into a unified national framework, potentially triggering what policymakers describe as a “Second White Revolution.”
On this landmark achievement, Ashokbhai Chaudhary, Chairman of GCMMF (Amul), said, “Crossing the Rs 1 Lakh Crore brand turnover is a testament to the trust of millions of consumers and the tireless hard work of our 36 Lakh dairy farmers.”
Gordhanbhai Dhameliya, Vice Chairman of GCMMF (Amul), further emphasized, “Our journey to the Rs 1 Lakh Crore milestone is a definitive victory for the cooperative spirit. By scaling our model nationally, we are proving that the ‘Amul Model’ is a timeless blueprint for economic democracy.”
Dr. Jayen Mehta, Managing Director of GCMMF (Amul) stated, “We are not just expanding our operations globally; we are expanding the very definition of what a farmer-owned institution can achieve in the modern world, ensuring that the fruits of technology and global trade reach the hands of the producers”
The twin milestones of Saraswat Bank and Amul crossing the Rs 1 lakh crore threshold signal a broader transformation underway in India’s cooperative landscape. Once seen primarily as grassroots institutions, cooperatives are now emerging as powerful economic entities capable of competing with large corporates while retaining their inclusive ethos.
Great job done by Amul and Saraswat Bank, it has shown the strength of cooperative movement,if done in proper spirit and understanding