Godrej Consumer Products Limited

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Godrej Consumer Products Limited
22 July 2004Quarterly update Q1 2004-05
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Contents

• Highlights
• Business Highlights
• Key Financials
• Key Ratios

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Highlights Q1 2004-05
Q1 04-05 Q1 03-04 Sales
(own Brands) 129.5 21 106.7
(net of excise) Contract Mfg 3.7
5.8 Total Sales
136.6 16 117.9 Material
Cost 71.5 61.6 A P
14.0 36 10.3 PBDIT
22.4 20 18.7 PAT 17.3
25 13.8 EVA 16.0 44
11.1 EPS (Rs.)-annualised 12.2 27
9.6
Amts in Rs. Crore
Education Cess of 2 has been considered in
Income Tax provision
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Dividend (2004-05)

• First Interim Dividend announced
• Dividend per share Rs.2.00
• Dividend 50
• Total outlay (including tax on Rs.12.8 Cr
• distributed profits)
• Dividend payout as a of PAT 74.0
• (Dividend payout has been taken incl
  distribution tax)

Education Cess of 2 has been considered in
Income Tax provision
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Status of Shares Buy-back

• Fifth buyback from open market at a price not
  exceeding Rs.200 per share at a total outlay of
  Rs.8.4 crore was approved by the Board in the
  meeting held on 31-Jan-04
• - 200853 shares since bought back at an
  outlay of Rs 4.0 crore

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Business HighlightsQ1 2004-05

• Industry Scenario
• Budget impact on the FMCG sector is neutral to
  positive
• Industry
• rural demand likely to pick up due to trickle
  down effect of budget
• increase in the disposable income of people
  having taxable income below Rs.one lac

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Business Highlights

• Soap
• GCPL brand soap sales grew 24 in Q1 2004-05 over
  Q1 2003-04
• Nimin soap launched
• Godrej No.1 Jasmine variant launched
• Cinthol Deo soap well received by the market
• First soap line at Baddi plant fully operational
• Second line has been commissioned in Baddi in
  June 04
• Personal Care
• Hair colour sales grew 19 in Q1 2004-05 over Q1
  2003-04

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Sales Growth vs Industry GrowthApr-June 04 vs
Apr-June 03
Industry
GCPL
Shipment Toilet Soaps 2 24
Hair Colours 13 19
Source ORG Data

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Segmental data (Q1 2004-05)
Rs Crore Segment Revenue Q1
04-05 Q1 03-04 Soap
93.3 81.8 Personal Care
43.3 37.2 Unallocated income
0.0 0.0
Total 136.6 119.0
PBIT Soap 7.6 4.2
Personal Care 17.8 16.0
Segment PBIT 25.4 20.2
Less Interest (Net) 0.7
0.6 Less other unallocated
expenses 5.5 3.8
PBT 19.2 15.8
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Segmental data (Q1 2004-05)
Rs Crore Segment Capital Employed Q1 04-05
Q1 03-04 Soap 41.6
30.7 Personal Care
22.1 22.0
Unallocated 14.2
21.9 Total
77.9 74.6
Includes Contract Manufacturing

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Category-wise Turnover Q1 2004-05
Rs Crore Turnover (net of
Excise) Q1 04-05 Q1 03-04 Growth
Toilet Soaps 86.9 70.1 24 Hair
Colours 35.0 29.3 19 Liquid Detergents
0.9 0.8 10 Toiletries 6.8
6.5 4 Total Godrej Brands
129.5 106.7 21 Contract
Mfg 3.7 5.8 (36) By-Products 3.4
5.4 (38) Total Sales
136.6 117.9 16
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Sales-Mix Q1 - 2004-05

By-Products (Rs.3.4 cr) (2)
Liquid Detergent (Rs.0.9cr) (1)
Godrej Brand Toilet Soaps (Rs.86.9 cr) (63)
Toiletries (Rs. 6.8 cr) (5)
Hair Colours (Rs.35.0 cr) (26)
Contract Mfg (Rs.3.7 cr) (3)
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Financials
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Summarised Profit Loss Account
Rs Crore Q1 04-05 Q1 03-04
Sales (Net of Excise) 136.6
117.9 16 - Godrej Brands 129.5
106.7 21 - Contract Mfg
3.7 5.8 -
By-products 3.4 5.4
Processing charges 0.0 1.1
Other Income 0.1
0.2 Expenditure 114.2
100.5 PBDIT 22.4
18.7 20 Depreciation
2.5 2.3 Interest
0.7 0.6 PBT 19.2
15.8 21 PAT 17.3
13.8 25
Education Cess of 2 has been considered in
Income Tax provision
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Balance Sheet
Rs.Crore
Liabilities Assets
30-06-04 31-03-04
30-06-04 31-03-04 Equity Capital
22.7 22.7 Net Fixed Assets
106.1 104.0 Reserves 33.0
19.6 Cash Bank Bal
6.8 14.0 Debt 14.2 24.2
Investments 0.0 0.0 Def Tax
Liability 8.0 7.6 Net Current
Assets (35.0) (24.7)
Dividend payable 0.0
(19.2) Total 77.9
74.1 Total
77.9 74.1
Education Cess of 2 has been considered in
Income Tax provision
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Funds Flow
Rs Crore Q1 04-05
SOURCES Internal Accruals 19.8
Total 19.8 APPLICATION Debt
reduction 10.0 Capital
Expenditure 4.6 W.Capital change
(10.8) Change
in cash investments (7.2)
Shares Buyback 4.0 Dividend
19.2 Total 19.8

Education Cess of 2 has been considered in
Income Tax provision
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Cost Structure (Q1 2004-05)
Rs.Crore
Rs Crore Q1 04-05 of Sales
Q1 03-04 of sales
Materials cost 71.5 52.4
61.6 52.2 Staff Cost 7.7 5.6
5.7 4.8 Advtg Sales Promotion
14.0 10.2 10.3 8.7 Other Expenditure
21.0 15.4 22.9 19.4 Interest Financial
Charges 0.7 0.5 0.6
0.5 Depreciation 2.5 1.8
2.3 2.0 Provision for Taxation
1.9 1.4 2.0 1.7 PAT
17.3 12.7 13.8 11.7 Sales 136.6
100.0 117.9
100.0 Processing charges 0.0 0.0
1.1 0.9 Other Income 0.1
0.1 0.2 0.1
Education Cess of 2 has been considered in
Income Tax provision
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Key Ratios
Q1 04-05 Q1 03-04 PBDIT / Sales
16.4 15.9 PBT / Sales 14.1
13.4 PAT / Sales 12.7 11.7
Education Cess of 2 has been considered in
Income Tax provision
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Key Ratios contd..
Q1 04-05 Q1 03-04 NWC / Sales
(days) (23) (22) Fixed Asset
T/o Ratio 5.2 5.1 Total Asset
T/o Ratio 7.0 6.1 ROCE
102.2 90.9 RONW
124.4 98.2 EPS (on Rs 4 Share) 12.2
9.6
On closing Capital Employed Closing Networth
All figures are annualised
Education Cess of 2 has been considered in
Income Tax provision
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Thank You