Godrej Consumer Products Limited Q Performance Update Godrej Consumer Products Limited Quarterly update Q1 FY July 2006
Godrej Consumer Products Limited Q Performance Update Contents Highlights (Consolidated) Highlights (Consolidated) Announcements Announcements Business Highlights Business Highlights Acquisition Update Acquisition Update Sales Highlights Sales Highlights GCPL Financials & Ratios (stand alone) GCPL Financials & Ratios (stand alone)
Godrej Consumer Products Limited Q Performance Update Rs.CroreQ1 0607Q1 0506Growth% Brand Sales (Net of Excise) % Total Sales % Advtg & Publicity % PBDIT % PBT % PAT % Net Proft after Tax adj % EVA % EPS % Highlights Consolidated - Q1 FY Highlights Consolidated - Q1 FY
Godrej Consumer Products Limited Q Performance Update Highlights Consolidated - Q1 FY Highlights Consolidated - Q1 FY Q1 0607Q A&P / Sales10.4%7.3% PBDIT / Sales18.1%19.9% PBT / Sales16.0%17.8% PAT / Sales13.8%16.2% Net Profit / Sales14.4%16.2% ROCE84.6%153.7% RONW120.1%148.6% EPS Growth25.9%57.1%
Godrej Consumer Products Limited Q Performance Update Segmental data (Q1 FY ) Consolidated GCPL Standalone Q Q Segmental Revenue Q Q Soap Personal Care Total PBIT Soap Personal Care Segment PBIT Less Interest (Net) Less other unallocated exp PBT Segment Capital Employed Soap Personal Care Unallocated Total Capital Employed
Godrej Consumer Products Limited Q Performance Update Announcements Interim Dividend Interim Dividend Stock Split Stock Split
Godrej Consumer Products Limited Q Performance Update Dividend ( ) First Interim Dividend announced Dividend per share Rs.3.00 Dividend %75% Total outlay (including tax on Rs.19.3 Cr distributed profits) Dividend % till date for % Dividend payout % YTD PAT63% (Standalone)
Godrej Consumer Products Limited Q Performance Update Stock Split The Board has approved a proposal of sub division of face value of GCPL’s equity share from Rs.4 each to 4 shares of Re.1 each. The proposal is subject to shareholders approval at the AGM on 20-Jul-2006
Godrej Consumer Products Limited Q Performance Update GCPL Business Highlights
Godrej Consumer Products Limited Q Performance Update GCPL Business Highlights Industry Scenario FMCG sector continues to grow Strong GDP growth & good economic fundamentals Vegetable oil prices at reasonable levels but rising Rupee weakening vs the USD & Euro Interest rate & Inflation pressure building up
Godrej Consumer Products Limited Q Performance Update Soap GCPL brands grew 21% in value terms GCPL outperforming industry Godrej No.1 continues to show excellent growth Godrej No.1 Lavender launched in Q gets excellent response from consumers Higher advertising spend for brand building & new product launches Capex plans for Malanpur and Katha on track GCPL Business Highlights
Godrej Consumer Products Limited Q Performance Update GCPL Business Highlights Personal Care GCPL Hair colour registers growth of 10% in value terms New Godrej Renew gets excellent response in the market Shaving Cream continues to register good growth Talcum Powder – the introduction of Godrej No.1 & B1G1F offer enabled significant growth Snuggy Diapers record healthy growth Work is progressing on proposed plant at Sikkim
Godrej Consumer Products Limited Q Performance Update Acquisition Update
Godrej Consumer Products Limited Q Performance Update Acquisition Rapidol, South Africa GCPL has entered into an agreement for the acquisition of Rapidol, U.K., as well as its subsidiary Rapidol International Acquisition proposed to be completed subject to certain regulatory approvals Rapidol owns strong ethnic hair colour brands INECTO and SOFLENE trademarks in 10 countries in addition to its present trademark rights through Keyline Brands Ltd. Has presence in South African Hair Care market and other African markets Opportunity to introduce GCPL’s products in the African continent.
Godrej Consumer Products Limited Q Performance Update Keyline Brands Limited Q Performance Rs.Crore Q Sales46.0 PBIT6.6 Interest1.4 PBT5.2 Tax1.5 PAT3.7 EVA1.1
Godrej Consumer Products Limited Q Performance Update Sales Highlights
Godrej Consumer Products Limited Q Performance Update All figures shown are % for All India Value MS Source : AC Nielsen Industry (AC Nielsen Offtake) GCPL Standalone (Shipment) Q1 ’0607 Toilet Soaps 8.0% 8.0%21.4% Hair Colours 28.9% 28.9%9.9% Sales Growth vs Industry Growth vs
Godrej Consumer Products Limited Q Performance Update Market share All figures shown are % for All India Value MS Source : AC Nielsen Apr-Jun’06Apr-Jun’05 Toilet Soaps 9.5% 9.5%8.6% Hair Colours 39.3% 39.3%39.8% GCPL Standalone
Godrej Consumer Products Limited Q Performance Update Category-wise Turnover Q Net Turnover (Rs. Crore) GCPL Standalone Q1 0607Q1 0506Growth% Toilet Soaps % Hair Colour % Liquid Detergents % Toiletries % Total Brand Sales % Contract Mfg By-Products % Total Sales %
Godrej Consumer Products Limited Q Performance Update GCPL Sales Mix FY Godrej Brand Toilet Soaps (Rs cr) (65%) Liquid Detergent (Rs.1.0 cr) (1%) Hair Colours (Rs.47.3 cr) (25%) Toiletries (Rs.13.2cr) (7%) By-Products (Rs.3.7 cr) (2%)
Godrej Consumer Products Limited Q Performance Update GCPL Financials & Ratios (Stand alone)
Godrej Consumer Products Limited Q Performance Update Rs.CroreQ1 0607Q1 0506Growth% Brand Sales (Net of Excise) % Total Sales % Advtg & Publicity % PBT % PAT % Net Profit after Tax adj % EVA % EPS % GCPL - Highlights Q1 FY GCPL - Highlights Q1 FY Figures for GCPL (Stand alone)
Godrej Consumer Products Limited Q Performance Update GCPL Rs.CroreQ1 0607Q1 0506Growth% Sales – Net of Excise % Brand Sales % Cont Mfg By-Products 3.5 Other Income Expenditure PBDIT % Depreciation 2.7 Interest PBT % PAT % Net profit after tax adj % Summarised Profit & Loss Account
Godrej Consumer Products Limited Q Performance Update Balance Sheet Balance Sheet Liabilities Assets Equity Capital Net Fixed Assets Reserves Cash & Bank Bal Debt Sh Term Inv Def Tax Liability Inv in Subsidiaries Net Current Assets (30.9) (23.8) Dividend Payable 0.0 (32.2) Total Rs.Crore
Godrej Consumer Products Limited Q Performance Update Rs Crore Q SOURCES Internal Accruals 33.1 Working Capital Change 7.1 Total 40.2 APPLICATION Debt Repayment 3.3 Capital Expenditure 2.1 Change cash/ sh term investments 2.5 Dividend 32.3 Total 40.2 Funds Flow Funds Flow
Godrej Consumer Products Limited Q Performance Update Cost Structure (Q ) Rs.Crore Rs Crore Q1 ’06-07 %of Sales Q1 ’05-06%of sales Materials cost % % Staff Cost % % Advtg & Publicity % % Other Expenditure % % Interest & Financial Charges % % Depreciation % % Provision for Taxation % % PAT % % Net Profit after adj % % Sales % % Other Income % %
Godrej Consumer Products Limited Q Performance Update GCPL Ratios Q Q PBDIT / Sales 19.0% 19.9% PBT / Sales 17.2% 17.8% PAT / Sales 15.2% 16.2% Net profit / Sales 15.9% 16.2% (After tax adj)
Godrej Consumer Products Limited Q Performance Update GCPL Ratios contd.. Q Q NWC / Sales (days) (15) (20) Fixed Asset T/o Ratio ROCE* 118% 154% RONW* 109% 149% EPS (on Rs.4 Share) All figures are annualised * On closing Capital Employed & Closing Networth
Godrej Consumer Products Limited Q Performance Update Thank You