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Amul reported a strong start to 2026-27 (FY27), with June sales rising more than 22% from a year ago and first-quarter revenue growing 18–20% in value terms, driven by robust demand for summer products such as ice cream, beverages, curd and buttermilk, Managing Director Jayen Mehta said.
Mehta ruled out another increase in milk prices after the ₹2-per-litre hike announced in May.
"There is no need at the moment to increase any price of milk... as of now things should be okay, and we are not looking at any increase in the coming months," he said.
Ice cream was among the biggest growth drivers, with June sales rising about 60% year-on-year, while first-quarter sales grew around 50%. Beverages, curd and buttermilk also posted strong growth, reflecting robust consumer demand during the summer months.
To support future demand, Amul is accelerating capacity expansion across the country. The company is setting up what Mehta described as the world's largest curd manufacturing facility in West Bengal, while expanding dairy plants and processing facilities in Assam, Bihar, Punjab, Hyderabad, Chittoor, Tamil Nadu, Maharashtra and Rajkot.
He said these investments are aimed at preparing for long-term growth as India's dairy consumption continues to rise.
The delayed monsoon had initially raised concerns over water availability and green fodder for cattle, particularly in Gujarat. However, Mehta said rainfall has now picked up, easing concerns about milk production.
He added that Amul will continue to expand its product portfolio with innovations across high-protein foods, organic products, ice creams and other value-added dairy offerings, helping the brand reach more consumers and strengthen its market position.
Watch the full conversation here
Amul is also expanding rapidly overseas. The company now sells milk in 38 of the 50 US states and has begun launching fresh milk in France, Germany and Switzerland, after entering Spain and Portugal. Alongside milk, it is increasing exports of products such as curd, butter, cheese, ghee, paneer and ice cream, while also building manufacturing capacity in the US.
"The only national brand of milk in US is now Amul... We year on year, we've almost doubled our sales, and we are expanding further," Mehta said.
Catch all the latest updates from the stock market here
Mehta ruled out another increase in milk prices after the ₹2-per-litre hike announced in May.
"There is no need at the moment to increase any price of milk... as of now things should be okay, and we are not looking at any increase in the coming months," he said.
Ice cream was among the biggest growth drivers, with June sales rising about 60% year-on-year, while first-quarter sales grew around 50%. Beverages, curd and buttermilk also posted strong growth, reflecting robust consumer demand during the summer months.
To support future demand, Amul is accelerating capacity expansion across the country. The company is setting up what Mehta described as the world's largest curd manufacturing facility in West Bengal, while expanding dairy plants and processing facilities in Assam, Bihar, Punjab, Hyderabad, Chittoor, Tamil Nadu, Maharashtra and Rajkot.
He said these investments are aimed at preparing for long-term growth as India's dairy consumption continues to rise.
The delayed monsoon had initially raised concerns over water availability and green fodder for cattle, particularly in Gujarat. However, Mehta said rainfall has now picked up, easing concerns about milk production.
He added that Amul will continue to expand its product portfolio with innovations across high-protein foods, organic products, ice creams and other value-added dairy offerings, helping the brand reach more consumers and strengthen its market position.
Watch the full conversation here
Amul is also expanding rapidly overseas. The company now sells milk in 38 of the 50 US states and has begun launching fresh milk in France, Germany and Switzerland, after entering Spain and Portugal. Alongside milk, it is increasing exports of products such as curd, butter, cheese, ghee, paneer and ice cream, while also building manufacturing capacity in the US.
"The only national brand of milk in US is now Amul... We year on year, we've almost doubled our sales, and we are expanding further," Mehta said.
Catch all the latest updates from the stock market here
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