Godrej Consumer Products Limited

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Godrej Consumer Products Limited
28 Apr 2003Quarterly update Q4 FY 2002-03
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Contents

• Highlights
• Announcement
• Business Initiatives
• Key Financials
• Key Ratios

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Highlights Q4 FY 2002-03
Q4 02-03 FY 02-03 Rs.Crore
Rs.Crore Sales (own Brands) 104.0 5
433.8 8 (net of excise) PBDIT 16.1
(13) 81.8 6 PAT 12.0
22 53.6 28 EVA 9.8
23 41.7 39
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Announcement

• Dividend

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Dividend (FY 2002-03)

• Final Dividend announced
• Dividend per share Rs.2
• Dividend 50
• Total outlay (including tax on Rs.13.0 Cr
• distributed profits)
• Total Dividend for the year announced till date
  200
• Payout ratio (on 02-03 PAT) 89

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Business Highlights

• Industry Scenario
• GCPL continued its record of achieving better
  than industry sales growth
• Sales and Margins during the quarter were
  affected to a limited extent by the prevailing
  uncertainty on VAT implementation

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Business Highlights Contd

• Toilet Soaps
• Saffron variant of Godrej Fairglow launched in
  select states in the South
• Improved market share , led by continued good
  growth of Godrej No1

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Business Highlights Contd

• Hair Colours
• Hair Colours, led by Coloursoft and Godrej PHD
  continued to register good sales growth

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Business Highlights Contd

• Toiletries
• Godrej Shaving cream registered an improved
  performance led by innovative sales promotions
• Dish Washing Liquid launched

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Sales Growth vs Industry GrowthJan-Feb 03 vs
Jan-Feb02
Industry GCPL GCPL
(ORG offtake) (ORG
offtake) Shipment Toilet Soaps 7 13
8 Hair Colours 15 13
14 Liquid Detergents 20
21 (17) Shaving Cream
6 0 36 Talcum
Powder (8) 1
(36)
GCPL Shipment figures are for Jan-Mar03

All figures shown are change for All India
Value
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Market Shares
Jan-Feb03
Jan-Feb02 Toilet Soaps 6.4
6.0 Hair Colours 43.9
44.6 Liquid Detergents 88.7
87.9 Shaving Cream
10.6
11.2 Talcum Powder 1.1
1.0
Source ORG Data All figures shown are for All
India Value MS
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Segmental data Q4
Rs Crore Segment Revenue Q4 02-03
FY 02-03 Soap 64.1 292.8
Personal Care 43.8 183.2 Unallocated
income 0.0
0.0 Total
107.9 476.0 PBIT Soap 5.0
23.7 Personal Care 12.5
63.5 Total 17.5 87.2 Less Interest
(Net) 0.2 2.7 Less other unallocated
expenses 3.6 14.4 PBT 13.6 70.1

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Segmental data Q4
Rs Crore Segment Capital Employed Q4 02-03
FY 02-03 Soap
46.0 46.0 Personal Care
20.0 20.0 Unallocated
2.1 2.1 Total
68.1 68.1 Includes Contract Manufacturing

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Category-wise Turnover Q4
Rs Crore Turnover (net of Excise) Q4 02-03
Q4 01-02 Growth Toilet
Soaps 61.0 56.2 8 Hair Colours 32.3 28.3
14 Liquid Detergents 4.7 5.7
(17) Toiletries 6.0 9.0
(33) Total Godrej Brands 104.0
99.2 5 Contract Mfg 0.0 5.5
By-Products 3.6 5.7
(35) Total Sales 107.6
110.3 (2)
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Sales-Mix Q4 - 2002-03

By-Products (Rs.3.6 cr) (3)
Liquid Detergent (Rs.4.7 cr) (4)
Godrej Brand Toilet Soaps (Rs.61.0 cr) (57)
Toiletries (Rs. 6.0 cr) (6)
Hair Colours (Rs.32.3 cr) (30)
Contract Mfg (Rs.0.0 cr) (0)
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Category-wise Turnover
Rs Crore Turnover (net of Excise) FY 02-03
FY 01-02 Growth Toilet
Soaps 253.5 232.5 9 Hair
Colours 117.4 101.0 16 Liquid Detergents
34.4 31.1 11 Toiletries 28.4 35.8
(21) Total Godrej Brands
433.8 400.4 8 Contract Mfg
17.5 43.0 (59) By-Products 18.8
15.2 24 Total Sales 470.1
458.6 3
due to change from sales to processing contract
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Sales-Mix 2002-03

By-Products (Rs.18.8 cr) (4)
Liquid Detergent (Rs.34.4 cr) (7)
Toiletries (Rs.28.4 cr) (6)
Godrej Brand Toilet Soaps (Rs.253.5 cr) (54)
Hair Colours (Rs.117.4 cr) (25)
Contract Mfg (Rs.17.5 cr) (4)
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Financials
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Summarised Profit Loss Account
Rs Crore Q4 02-03 Q4
01-02 FY 02-03 FY 01-02 Sales
(Net of Excise) 107.6 110.3
(2) 470.1 458.6 3 - Godrej
Brands 104.0 99.2 5 433.8
400.4 8 - Contract Mfg 0.0
5.5 17.5 43.0 - By-products 3.7
5.7 18.8 15.2 Processing
charges 0.3 1.2 5.9
6.3 Other Income 0.7 1.0
1.4 1.6 Expenditure 92.6
93.9 395.7 389.4 PBDIT 16.1
18.5 (13) 81.8 77.1
6 Depreciation 2.2 2.4
9.0 9.4 Interest 0.2
0.9 2.7 4.5 PBT 13.6
15.2 (11) 70.1 63.2 11
due to change from sales to processing contract
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Balance Sheet
Rs.Crore
Liabilities Assets
31-03-03 31-3-02
31-03-03 31-03-02 Equity Capital
23.1 23.6 Net Fixed Assets
87.8 93.5 Reserves 22.4
29.5 Cash Bank Bal
7.2 10.7 Debt 17.9 22.5
Investments 4.0 2.5 Def. Tax Liability
4.7 2.6 Net Current Assets
(17.9) (8.0) Dividend payable
(13.0) (20.5) Total
68.1 78.2 Total
68.1 78.2
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Funds Flow
Rs Crore Q4 02-03
FY 02-03 SOURCES Internal Accruals 14.2
62.6 Debt (1.8) (4.6) Change in
cash investments 0.9 2.0 Total 13.3
60.0 APPLICATION Capital Expenditure
1.1 3.3 W.Capital change (15.6)
(4.2) Shares Buyback 3.3 13.1 Dividend
24.5 47.8 Total
13.3 60.0
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Cost Structure (Q4 2002-03)
Rs.Crore
Rs Crore Q4 02-03 of Sales
Q4 01-02 of sales
Materials cost 52.1 48.4
55.1 50.0 Staff Cost 5.6 5.2
6.5 5.9 Advtg Sales Promotion
13.8 12.8 15.7 14.3 Other Expenditure
21.2 19.6 16.5 15.0 Interest Financial
Charges 0.2 0.2 0.9
0.8 Depreciation 2.2 2.0 2.4
2.2 Provision for Taxation 1.6
1.5 5.4 4.9 PAT 12.0 11.1
9.9 8.9 Sales 107.6
100.0 110.3 100.0 Processing
charges 0.3 0.3 1.2
1.1 Other Income 0.7 0.6 1.0
0.9
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Cost Structure (FY 2002-03)
Rs Crore
Rs Crore FY02--03 of sales
FY01-02 of sales Materials cost
223.1 47.5 224.3 48.9 Staff
Cost 25.5 5.4 22.2
4.8 Advtg Sales Promotion 58.5 12.4 66.8
14.6 Other Expenditure 88.6
18.9 76.2
16.6 Interest Financial Charges 2.7
0.6 4.5 1.0 Depreciation
9.0 1.9 9.4
2.0 Provision for Taxation 16.5 3.5 21.3
4.6 PAT 53.6 11.4 42.0
9.2 Sales 470.1
100.0 458.6 100.0 Processing
charges 5.9 1.3 6.3
1.4 Other Income 1.4 0.3
1.6 0.4
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Key Ratios
Q4 02-03 Q4 01-02 FY 02-03 FY
01-02 PBDIT / Sales 14.9 16.8
17.4 16.8 PBT / Sales 12.6 13.8
14.9 13.8 PAT / Sales 11.1 8.9 11.4
9.2 Interest / Sales 0.2 0.8 0.6
1.0
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Key Ratios contd..
Q4 02-03 Q4 01-02 FY 02-03 FY 01-02 NWC /
Sales (days) (15) (7) (14)
(6) Fixed Asset T/o Ratio 4.9
4.7 5.4 4.9 Total Asset T/o Ratio
6.3 5.6 6.9
5.9 ROCE 87.4 85.1 114.7
89.6 RONW 105.3 74.1 117.6
79.1 EPS (on Rs.4 Share) 8.3 6.6
9.2 7.0
On closing Capital Employed closing Networth
All figures are annualised
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Thank You