Presentation on theme: "1 Press Meet Q1 2010 Performance. 2 Performance Good financial performance under a competitive environment; Group operating income up 7%(underlying increase."— Presentation transcript:
1 Press Meet Q Performance
2 Performance Good financial performance under a competitive environment; Group operating income up 7%(underlying increase of 11%) at Rs 1380 crores Group Consolidated Net Profit at Rs 46 crores whereas previous period had a loss of Rs 20 crores. EPS at Re against Re -0.32
3 Comments Regional Performance USA EOC volumes marginally lower and costs surge Tetley Brand investment commences Canada Strong Performance in Market Good-earth Launch GB Lead market share gains achieved. Retailer consolidation. South Asia Strong Profit performance while volumes are stressed Jaago Re success continues Investment and Growth in T!ON EME Tetley Middle East Launch Impact of Russia JV APAC Forex benefit improves sales Region reorganises Organisation InitiativesAdditional Investment behind NPD agenda Market Impact Sterling / dollar weakness Lower Fx translation Performance
4 Group Financial Review – Q1 Drivers for increase in Group operating income- price increases, impact of Russian acquisition improved instant coffee operations despite Adverse phasing of promotional sales in key markets. adverse fx impact of Rs 55 crores Group Consolidated Net Profit significantly higher than PY. PY exceptional items included translation impact on surplus funds.
5 Profit before exceptional items impacted by increased commodity costs for the quarter (tea costs now show signs of softening) investments behind NPD. Advertising investments to support brands EPS at Re 0.74 against a loss of Re 0.32 mainly due to the absence of translational impact on surplus funds. Group Financial Review – Q1