Godrej Consumer Products Limited

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Godrej Consumer Products Limited
26 April 2006Quarterly update Q4 FY 2005-06
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Contents

• Highlights
• Business Highlights
• Acquisition Update and Consolidated Financials
• Sales Highlights
• GCPL Financials
• GCPL Ratios

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Highlights Q4 FY 2005-06

• Figures for GCPL only

4
Announcement

• Interim Dividend
• Stock Split

5
Dividend (2005-06)

• Fourth Interim Dividend announced
• Dividend per share Rs.5.00
• Dividend 125
• Total outlay (including tax on Rs.32.2 Cr
  distributed profits)
• Dividend till date for 2005-06 350
• Dividend payout YTD PAT 74

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Stock Split

• The Board has approved a proposal for sub
  division of face value of GCPLs equity share
  from Rs.4 each to 4 shares of Re.1 each.
• The above proposal is subject to shareholders
  approval at the ensuing AGM.

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Business Highlights 2005-06
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Business Highlights 2005-06

• Industry Scenario
• FMCG sector continues to exhibit robust growth
• Strong GDP growth good economic fundamentals
  augur well for the FMCG sector
• Vegetable oil prices at reasonable levels
• Rupee was stable vis a vis the USD Euro
• Interest rate Inflation were under control

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Business Highlights

• Soap
• GCPL brands grew 18 in value terms
• GCPL is now No.2 in Soaps
• Godrej No.1 is the largest selling Toilet Soap
  brand in the North
• New Launches
• Godrej No.1 Lavender variant
• Evita Age Control soap
• Higher advertising spend for brand building

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Business Highlights

• Personal Care
• Hair colour registers strong growth of 22 in
  value terms
• Shaving Cream registers good growth
• Talcum Powder registers good growth
• New offering Godrej No.1 Talcum Powder received
  well in the market
• Liquid Detergents register good growth of 9 in
  value terms
• Snuggy Diapers record healthy growth over last
  year

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PHD Sachet factoids

• 6 PHD sachets are purchased every second in India
  
• If all the PHD sachets sold in 2005-06 were to be
  lined up, they would more than cover the
  perimeter of India ( approx 14000 km)

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Acquisition Update
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• Keyline Brands Limited Nov-Mar06 Performance
• Sales (Nov Mar 2006) GBP 5.2 Mio
• PBT (Nov Mar 2006) GBP 0.6 Mio
• Sales during Nov05-Mar06 low due to a seasonal
  pattern of sales

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Summarised Profit Loss Account (Consolidated)
Rs.Crore
Consolidated profits take into account financial
costs of debt
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Sales Highlights
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Sales Growth vs Industry Growth2005-06 vs 2004-05
All figures shown are for All India Value
MS Source ORG MARG
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Market share
All figures shown are for All India Value
MS Source ORG MARG
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Segmental data (Q4 FY 2005-06)
Rs Crore
Rs.Crore Segment Revenue Q4 05-06
Q4 04-05 FY 05-06 FY 04-05 Soap
101.6 87.8 413.2 365.5 Personal
Care 62.5 50.7 244.1 197.1
Unallocated income - -
- - Total
164.1 138.5
657.3 562.6 PBIT Soap
13.2 10.3 51.3 36.8 Personal Care
25.7 18.6 103.3 75.2 Segment
PBIT 38.9 28.9 154.6 112.0
Less Interest (Net) 1.2 0.1
4.0 2.5 Less other
unallocated exp 5.2 2.5
19.3 15.8 PBT 32.5
26.4 131.3 93.8
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Segmental data (Q4 and FY 2005-06)
Rs.Crore Rs Crore Segment Capital Employed
Q4 05-06 Q4 04-05 FY 05-06 FY 04-05
Soap 56.3 63.2 56.3
63.2 Personal Care
14.9 19.1 14.9
19.1 Unallocated 16.4
(18.4) 16.4 (18.4)
Total 87.7 63.9
87.7 63.9 Includes
Contract Manufacturing
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Category-wise Turnover Q4 2005-06
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Sales-Mix Q4 - 2005-06

Liquid Detergent (Rs.4.4cr) (3)
By-Products (Rs.3.7 cr) (2)
Toiletries (Rs. 14.4 cr) (9)
Godrej Brand Toilet Soaps (Rs.98.5 cr) (60)
Hair Colours (Rs.43.0 cr) (26)
Contract Mfg (Rs.0.0 cr) (0)
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Category-wise Turnover FY 2005-06
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Sales-Mix FY - 2005-06

Liquid Detergent (Rs.39.7 cr) (6)
By-Products (Rs.15.1 cr) (2)
Toiletries (Rs.39.4 cr) (6)
Godrej Brand Toilet Soaps (Rs.392.7 cr) (60)
Hair Colours (Rs.162.5 cr) (25)
Contract Mfg (Rs.7.8 cr) (1)
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GCPL Financials
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Summarised Profit Loss Account
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Balance Sheet
Rs.Crore
Liabilities Assets
31-03-06 31-03-05
31-03-06 31-03-05 Equity Capital
22.6 22.6 Net Fixed Assets
79.9 101.4 Reserves
53.6 27.2 Cash Bank Bal
13.7 9.0 Debt 4.9 6.1
Sh Term Inv 1.0 0.0 Def Tax
Liability 6.6 7.9 Inv in
Subsidiaries 49.0 0.0
Net Current Assets (23.8)
(14.2) Dividend Payable
(32.2) (32.3) Total
87.7 63.9 Total
87.7 63.9
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Funds Flow
Rs Crore
Q4 05-06 FY 05-06 SOURCES Internal
Accruals 32.8 132.0 Working Capital
Change (22.0) 7.8 Total 10.8
139.8 APPLICATION Debt Repayment
(7.2) 1.3 Capital Expenditure 3.5
(10.7) Change cash/ sh term investments
(4.9) 5.8 Shares Buyback 0.0
4.8 Change in Investment 0.0
48.5 Dividend 19.3
90.2 Total 10.8 139.8
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Cost Structure (Q4 2005-06)
Rs.Crore
Rs Crore Q4 05-06 of Sales
Q4 04-05 of sales
Materials cost 71.0
43.2 64.4 46.5 Staff Cost 12.2
7.4 9.5 6.9 Advtg
Publicity 15.8 9.6
12.9 9.3 Other Expenditure
29.5 18.0 24.5 17.7 Interest Financial
Charges 1.2 0.7 0.1
0.1 Depreciation 2.6 1.6
2.7 1.9 Provision for Taxation
2.8 1.7 1.1 0.8 PAT
29.7 18.1 25.3 18.3 Net Profit after adj
30.2 18.4
28.8 20.8 Sales 164.1
100.0 138.5 100.0 Other
Income 0.7 0.4 5.5
3.9
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Cost Structure (FY 2005-06)
Rs Crore
Rs Crore FY 05-06 of Sales
FY 04-05 of sales
Materials cost 303.5 46.2 278.4
49.5 Staff Cost 43.2 6.6
32.9 5.8 Advtg Publicity 53.4
8.1 43.7 7.8 Other Expenditure
119.7 18.2 107.2 19.0 Interest Financial
Charges 4.0 0.6 2.5
0.4 Depreciation 10.8 1.6
10.7 1.9 Provision for Taxation
10.6 1.6 7.7 1.4 PAT
120.7 18.4 86.1 15.3 Net Profit
after adj 121.2 18.4
86.9 15.9 Sales
657.3 100.0 562.7
100.0 Other Income 8.7 1.3
6.4 1.1
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GCPL Ratios
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GCPL Ratios
Q4 05-06 Q4 04-05 FY 05-06 FY 04-05
PBDIT / Sales 22.1 21.0 22.2 19.0 PBT
/ Sales 19.8 19.0 20.0 16.7 PAT /
Sales 18.1 18.3 18.4 15.3 Net
profit / Sales 18.4 20.8
18.4 15.9 (After tax adj)
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GCPL Ratios contd..
Q4 05-06 Q4 04-05 FY 05-06 FY
04-05 NWC / Sales (days) (13)
(9) (13) (9) Fixed Asset T/o Ratio
8.2 5.5 8.2 5.5 Total Asset T/o
Ratio 7.5 8.7 7.5 8.8 ROCE
154 165 154
151 RONW 156 231 159
180 EPS (on Rs.4 Share) 21.4
20.4 21.5 15.8
All figures are annualised
On closing Capital Employed Closing Networth
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Thank You