Godrej Consumer Products Limited

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Godrej Consumer Products Limited
22 July 2005Quarterly update Q1 2005-06
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Contents

• Highlights
• Business Highlights
• Key Financials
• Key Ratios

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Highlights Q1 2005-06
Q1 05-06 Q1 04-05 Sales
(own Brands) 157.5 22 129.3
(net of excise) Contract Mfg 6.7
3.5 Total Sales
167.7 23 136.2 Material
Cost 83.3 69.6 Advt
Publicity 12.3 22 10.0
PBDIT 33.4 49 22.5
PAT 27.1 57 17.3 EVA
24.7 55 16.0 EPS (Rs.)
19.2 57 12.2
Amts in Rs. Crore
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Dividend (2005-06)

• First Interim Dividend announced
• Dividend per share Rs.3.00
• Dividend 75
• Total outlay (including tax on Rs.19.3Cr
• distributed profits)
• Dividend payout as a of YTD PAT 71.0
• (Dividend payout has been taken incl
  distribution tax, surcharge education cess)

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Shares Buyback

• 6th Buyback -Board approved Buyback
• 143448 shares bought back at an avg price of
  Rs.332.82 resulting in an outlay of Rs.477 lac
• Buyback closed on June 30,2005
• 7th Buyback -Shareholder approved Buyback (yet
  to commence)
• Approved by Board of Directors on May 10,2005
• Approved by the Shareholders by postal ballot
  Results declared at EGM held on July 8,2005
• Buyback from open market at a maximum price of
  Rs.400 per share and a maximum outlay of Rs.1050
  lac

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Business Highlights

• Industry Scenario
• FMCG sector is witnessing a surge in demand
• Rupee has remained firm vs the USD
• Vegetable Oil prices remain reasonable helped
  partly by the strong rupee
• Prospects of good agricultural growth looking
  bright with expectation of normal monsoon

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Business Highlights contd..

• Soap
• Growth 20 for GCPL brands in Q1 2005-06
• Cinthol ,Godrej FairGlow and Godrej No 1
  registered strong growth during Q1 2005-06
• Cinthol Deo Soap Sport launched during the
  quarter

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Business Highlights contd..

• Personal Care
• Hair Colour
• Our brands registered 22 growth in value during
  the quarter
• Toiletries
• Toiletries grow 39 in value during the quarter
• Good consumer response to Deluxe Godrej Shaving
  Cream
• Cinthol talcum powder registered strong growth

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Sales Growth vs Industry GrowthApr-Jun 05 vs
Apr-Jun 04
Industry GCPL
(ORG offtake) Shipment Toilet
Soaps 2 20 Hair
Colours 24 22

All figures shown are change for All India
Value Source Industry data ORG MARG
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Market Shares
Apr-Jun05
Apr-Jun04 Toilet Soaps 8.6
7.5 Hair Colours 39.8
40.6 Jun05
Jun04 Toilet Soaps
8.5 7.4 Hair Colours
42.1 39.5
All figures shown are for All India Value
MS Source ORG Data
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Segmental data - Q1 2005-06
Rs Crore Segment Revenue Q1
05-06 Q1 04-05 Soap
113.8 92.8 Personal Care
53.9 43.4 Unallocated income
- -
Total 167.7
136.2 PBIT Soap
15.2 7.0 Personal Care 21.0
17.5 Segment PBIT 36.2
24.5 Less Interest (Net)
0.9 0.7 Less other
unallocated expenses 5.5 4.6
PBT 29.8 19.2

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Segmental data -Q1 2005-06
Rs Crore Segment Capital Employed Q1 05-06
Q1 04-05 Soap 42.4
41.6 Personal Care
18.9 22.1
Unallocated 18.5
14.2 Total
79.9 77.9
Includes Contract Manufacturing

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Category-wise Turnover - Q1 2005-06
Rs Crore Turnover (net of Excise) Q1 05-06
Q1 04-05 Growth Toilet Soaps
104.2 86.5 20 Hair Colours 43.0 35.2
22 Liquid Detergents 0.9 0.8
8 Toiletries 9.4 6.8
39 Total Godrej Brands 157.5
129.3 22 Contract Mfg 6.7 3.5
89 By-Products 3.5 3.4
2 Total Sales 167.7 136.2
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Sales-Mix Q1 - 2005-06

By-Products (Rs.3.5 cr) (2)
Liquid Detergent (Rs.0.9cr) (1)
Godrej Brand Toilet Soaps (Rs.104.2 cr) (62)
Toiletries (Rs. 9.4 cr) (5)
Hair Colours (Rs.43.0 cr) (26)
Contract Mfg (Rs.6.7 cr) (4)
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Financials
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Summarised Profit Loss Account
Rs Crore Q1 05-06 Q1 04-05
Sales (Net of Excise) 167.7
136.2 23 - Godrej Brands 157.5
129.3 22 - Contract Mfg
6.7 3.5 -
By-products 3.5 3.4
Other Income 0.3 0.1
Expenditure 134.6 113.9
PBDIT 33.4 22.5
49 Depreciation 2.7
2.5 Interest 0.9
0.7 PBT 29.8 19.2
55 PAT 27.1 17.3
57
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Balance Sheet
Rs.Crore
Liabilities Assets
30-06-05 31-03-05
30-06-05 31-03-05 Equity Capital
22.6 22.6 Net Fixed Assets
99.3 101.4 Reserves 50.4
27.2 Cash Bank Bal 8.1
9.0 Debt (0.8) 6.1
Investments 9.7 0.0 Def Tax
Liability 7.7 7.9 Net Current
Assets (37.2) (14.2)
Dividend payable - (32.3)
Total 79.9 63.9
Total 79.9
63.9
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Funds Flow
Rs Crore Q1 05-06
SOURCES Internal Accruals 29.8 W.Capital
change 23.6
Total 53.4 APPLICATION Debt
Reduction 6.9 Capital
Expenditure 0.6 Change in cash
investments 8.8 Shares
Buyback 4.8 Dividend 32.3
Total 53.4
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Cost Structure (Q1 2005-06)
Rs.Crore
Rs Crore Q1 05-06 of Sales
Q1 04-05 of sales
Materials cost 83.3 49.7 69.6
51.1 Staff Cost 9.8 5.8 7.7
5.7 Advtg Publicity 12.3 7.3
10.0 7.4 Other Expenditure
29.3 17.5 26.5 19.4 Interest Financial
Charges 0.9 0.5 0.7
0.5 Depreciation 2.7 1.6
2.5 1.9 Provision for Taxation
2.7 1.6 1.9 1.4 PAT
27.1 16.2 17.3 12.7 Sales 167.7
100.0 136.2
100.0 Other Income 0.3 0.2
0.1 0.1
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Key Ratios
Q1 05-06 Q1 04-05 PBDIT / Sales
19.9 16.5 PBT / Sales 17.8
14.1 PAT / Sales 16.2 12.7

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Key Ratios contd..
Q1 05-06 Q1 04-05 NWC / Sales
(days) (20) (23)
Fixed Asset T/o Ratio 6.8 5.1
Total Asset T/o Ratio 8.4 7.0
ROCE 153.7 102.2 RONW
148.6 124.4 EPS (on Rs 4 Share)
19.2 12.2
All figures are annualised
On closing Capital Employed Closing Networth
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Thank You