๐˜ผ๐™ข๐™ช๐™ก ๐™‹๐™ง๐™ค๐™ฉ๐™š๐™ž๐™ฃ โ€“ ๐™Ž๐™ช๐™ฅ๐™ฅ๐™ก๐™ฎ ๐™‹๐™ก๐™–๐™ฎ ๐™ค๐™ง ๐˜ฟ๐™š๐™ข๐™–๐™ฃ๐™™ ๐™‹๐™ก๐™ค๐™ฎ?

๐—ช๐—ต๐˜† ๐—ฎ๐—ฟ๐—ฒ ๐—”๐—บ๐˜‚๐—นโ€™๐˜€ ๐—ต๐—ถ๐—ด๐—ต-๐—ฝ๐—ฟ๐—ผ๐˜๐—ฒ๐—ถ๐—ป ๐—ฆ๐—ž๐—จ๐˜€ ๐—ฎ๐—น๐˜„๐—ฎ๐˜†๐˜€ ๐—ผ๐˜‚๐˜ ๐—ผ๐—ณ ๐˜€๐˜๐—ผ๐—ฐ๐—ธ โ€” ๐—ฒ๐˜ƒ๐—ฒ๐—ป ๐—ผ๐—ป ๐˜๐—ต๐—ฒ๐—ถ๐—ฟ ๐—ผ๐˜„๐—ป ๐——๐Ÿฎ๐—– ๐˜€๐—ถ๐˜๐—ฒ ๐—ฎ๐—ป๐—ฑ ๐—ฎ๐—ฐ๐—ฟ๐—ผ๐˜€๐˜€ ๐—ญ๐—ฒ๐—ฝ๐˜๐—ผ, ๐—•๐—น๐—ถ๐—ป๐—ธ๐—ถ๐˜, ๐—•๐—ถ๐—ด๐—•๐—ฎ๐˜€๐—ธ๐—ฒ๐˜?

๐˜—๐˜ฆ๐˜ฐ๐˜ฑ๐˜ญ๐˜ฆ ๐˜ธ๐˜ข๐˜ฏ๐˜ต ๐˜ช๐˜ต, ๐˜ต๐˜ฉ๐˜ฆ๐˜บ ๐˜ญ๐˜ฐ๐˜ท๐˜ฆ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฑ๐˜ณ๐˜ฐ๐˜ต๐˜ฆ๐˜ช๐˜ฏ ๐˜ค๐˜ฐ๐˜ฏ๐˜ต๐˜ฆ๐˜ฏ๐˜ต, ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฑ๐˜ณ๐˜ช๐˜ค๐˜ฆ ๐˜ฑ๐˜ฐ๐˜ช๐˜ฏ๐˜ต, ๐˜ต๐˜ฉ๐˜ฆ ๐˜ด๐˜ถ๐˜ณ๐˜ฆ๐˜ต๐˜บ ๐˜ฐ๐˜ง ๐˜ข ๐˜ฃ๐˜ณ๐˜ข๐˜ฏ๐˜ฅ ๐˜ญ๐˜ช๐˜ฌ๐˜ฆ ๐˜ˆ๐˜ฎ๐˜ถ๐˜ญ - ๐˜บ๐˜ฆ๐˜ต ๐˜ต๐˜ฉ๐˜ฆ๐˜บ ๐˜ฅ๐˜ฐ๐˜ฏ๐˜ต ๐˜จ๐˜ฆ๐˜ต ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฑ๐˜ณ๐˜ฐ๐˜ฅ๐˜ถ๐˜ค๐˜ต!

Here is my hypothesis to explain whatโ€™s going on:

๐Ÿญ. ๐—œ๐—ป๐˜๐—ฒ๐—ป๐˜๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—ฆ๐—ฐ๐—ฎ๐—ฟ๐—ฐ๐—ถ๐˜๐˜† = ๐——๐—ฒ๐—บ๐—ฎ๐—ป๐—ฑ ๐—–๐—ฟ๐—ฒ๐—ฎ๐˜๐—ถ๐—ผ๐—ป?
Amul may be under-supplying to generate FOMO and social buzz.
โ–ช Creates perceived exclusivity with zero ad spend
โ–ช Sparks chatter via Reddit, Twitter, reviews
โ–ช Tests GTM models without flooding the market

๐Ÿฎ. ๐—Ÿ๐—ถ๐—บ๐—ถ๐˜๐—ฒ๐—ฑ ๐—–๐—ฎ๐—ฝ๐—ฎ๐—ฐ๐—ถ๐˜๐˜† ๐—ณ๐—ผ๐—ฟ ๐—ฎ ๐—š๐—ฟ๐—ผ๐˜„๐—ถ๐—ป๐—ด ๐—–๐—ฎ๐˜๐—ฒ๐—ด๐—ผ๐—ฟ๐˜†
Protein is hot โ€” but still new for India.
โ–ช Amul could be cautiously scaling volumes
โ–ช Shelf life concerns = low risk appetite
โ–ช Focus may still be on core cash cows (milk, paneer, butter)
โ–ช Validating repeat purchase before going big

๐Ÿฏ. ๐—–๐—ผ๐—น๐—ฑ ๐—–๐—ต๐—ฎ๐—ถ๐—ป & ๐—Ÿ๐—ผ๐—ด๐—ถ๐˜€๐˜๐—ถ๐—ฐ๐˜€ ๐—™๐—ฟ๐—ถ๐—ฐ๐˜๐—ถ๐—ผ๐—ป - (Should be unlikely for Amul, given their portfolio, which consists of perishable products that require cold chain)
High-protein SKUs = high complexity
โ–ช Dark stores may lack cold storage space
โ–ช Risk of spoilage = low retailer confidence
โ–ช In-house D2C may not have robust cold logistics

๐Ÿฐ. ๐—ฅ๐—ฒ๐˜๐—ฎ๐—ถ๐—น๐—ฒ๐—ฟ ๐—œ๐—ป๐—ฐ๐—ฒ๐—ป๐˜๐—ถ๐˜ƒ๐—ฒ๐˜€ ๐—”๐—ฟ๐—ฒ๐—ปโ€™๐˜ ๐—”๐—น๐—ถ๐—ด๐—ป๐—ฒ๐—ฑ
Even with consumer love, shelf space is tight
โ–ช Q-commerce favors high GMV, fast-moving SKUs
โ–ช Margins may be low in absolute โ‚น terms - ๐—ด๐—ถ๐˜ƒ๐—ฒ๐—ป ๐˜๐—ต๐—ฒ ๐˜‚๐—ป๐—ถ๐˜ ๐—ฒ๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐—ถ๐—ฐ๐˜€ ๐—ผ๐—ณ ๐—”๐—บ๐˜‚๐—น ๐—ฝ๐—ฟ๐—ผ๐—ฑ๐˜‚๐—ฐ๐˜๐˜€ ๐—ฎ๐—ป๐—ฑ ๐˜๐—ต๐—ฒ๐—บ ๐—ด๐—ถ๐˜ƒ๐—ถ๐—ป๐—ด ๐—น๐—ผ๐˜„๐—ฒ๐—ฟ ๐—บ๐—ฎ๐—ฟ๐—ด๐—ถ๐—ป๐˜€ ๐˜๐—ผ ๐—ฝ๐—น๐—ฎ๐˜๐—ณ๐—ผ๐—ฟ๐—บ๐˜€ (๐—พ๐—ฐ๐—ผ๐—บ๐—บ๐—ฒ๐—ฟ๐—ฐ๐—ฒ ๐—ฎ๐—ป๐—ฑ ๐—ฒ๐—ฐ๐—ผ๐—บ๐—บ๐—ฒ๐—ฟ๐—ฐ๐—ฒ) ๐—ด๐—ถ๐˜ƒ๐—ฒ๐—ป ๐˜๐—ต๐—ฒ๐—ถ๐—ฟ ๐—ฒ๐˜…๐—ถ๐˜€๐˜๐—ถ๐—ป๐—ด ๐˜ƒ๐—ผ๐—น๐˜‚๐—บ๐—ฒ๐˜€.
โ–ช SKU may not meet velocity thresholds for mass listing
โ–ช Niche products get deprioritized in pin-code rollouts

๐Ÿฑ. ๐—•๐—ฎ๐—ฐ๐—ธ๐—ฒ๐—ป๐—ฑ ๐—ข๐—ฝ๐˜€ ๐—Ÿ๐—ฎ๐—ด ๐—œ๐˜€ ๐—ฅ๐—ฒ๐—ฎ๐—น
Sometimes it's not strategy, itโ€™s systems.
โ–ช Inventory sync issues between Amul & partners
โ–ช Algorithmic deprioritization of test SKUs
โ–ช Bulk orders by niche consumers (e.g. gym-goers) skew demand
โ–ช Restocking cycles canโ€™t catch up with spiky offtake


Itโ€™s likely both a smart play and operational restraint.
โœ” Amul is silently building demand.
โœ” Theyโ€™re also navigating infra, incentives, and category uncertainty.
โœ” Either way โ€” the consumer's screaming: โ€œWe want more!โ€

Would love to hear from folks in FMCG, ops, or Q-commerce โ€” is this a masterclass in building slow hype or just supply chain growing pains?


FMCGInsights D2CStrategy QCommerce SupplyChainChallenges ConsumerDemand RetailStrategy AmulMarketing AmulProtein


This post was originally shared by on Linkedin.