Godrej Consumer Products Limited Q3 Financial Update Godrej Consumer Products Limited 27 January...

Godrej Consumer Products Limited

Q3 Financial Update

Godrej Consumer Products LimitedGodrej Consumer Products Limited

27 January 200227 January 2002

Quarterly updateQuarterly update

Q3/9M 2001-02Q3/9M 2001-02


Q3 Financial Update

ContentsContents

• HighlightsHighlights

• AnnouncementsAnnouncements

• Business InitiativesBusiness Initiatives

• Key FinancialsKey Financials

• Key RatiosKey Ratios


Q3 Financial Update

Highlights Q3 01-02Highlights Q3 01-02

Q3 01-02 9M Q3 01-02 9M

01-0201-02

Sales Growth (own Brands)Sales Growth (own Brands) 2 % 2 % 10% 10% (01-02 vs 00-01)(01-02 vs 00-01)

Rs.CroreRs.Crore

PBTPBT 18.5 18.5 48.0 48.0

EVAEVA 8.4 8.4 22.1 22.1


Q3 Financial Update

AnnouncementAnnouncementss

• Shares Buy-backShares Buy-back


Q3 Financial Update

Shares Buy-backShares Buy-back•Public Announcement made on 11-Jan-02

•Buyback from open market (BSE & NSE) at

market price

•Maximum price of Rs.100 per share of face

value of Rs.4/-

•Maximum outlay - Rs.9.3 Cr

•Buyback for both Demat as well as physical

shares

* Visit our website www.godrejcp.com for further details of the Buyback Scheme.


Q3 Financial Update

Business InitiativesBusiness Initiatives

•New cosmetics factory in Guwahati, Assam

commences operations - has excise and income

tax benefits

•A win-win Labour settlement at Malanpur factory

•TPM movement launched at Malanpur factory -

focus on quality and motivation


Q3 Financial Update

Category HighlightsCategory Highlights

Personal & Household CarePersonal & Household Care

•Ezee relaunched with additional benefit of Fabric

Conditioner. Gives boost to Sales. Launches its own

website www.ezeefabcare.com . Sales growth of 13%

for the quarter

•Toilet Soaps increases value market share to 5.9% in

Dec’01

•Godrej No.1 growing rapidly

http://www.ezeefabcare.com/




Q3 Financial Update

Category Highlights (contd . . )Category Highlights (contd . . )

Hair CareHair Care

• Hair Colour products grew by 16% during the quarter ended

Dec’01

• Focus on COLOURSOFT Hair Colour has helped the Brand

become the market leader in colours with 31% volume

market share surpassing L’Oreals Excellence Hair Colour

which is at 29%

• Godrej Powder Hair Dye sachet continues to grow

distribution strength with 11.2 lac outlets selling the product


Q3 Financial Update

Sales Growth vs Industry GrowthSales Growth vs Industry GrowthOND ‘01 vs OND‘00OND ‘01 vs OND‘00

GodrejGodrej IndustryIndustry

Toilet Soaps (1) (7.2)

Hair Colour 16 6.8

Liquid Detergents 13 (11.1)

Fairness Cream (54) (2.6)

Shaving Cream 20 6.6

Talcum Powder (4) 1.8

Industry Growth figures are according to ORG Data


Q3 Financial Update

Market SharesMarket Shares

Source : ORG DataAll figures shown are % for All India Value MS

Dec’01Dec’01 Dec’00Dec’00

Toilet Soaps 5.9 5.8

Hair Colour 45.3 43.5

Liquid Detergents 86.0 77.6

Fairness Cream 3.0 3.0

Shaving Cream 10.7 10.5

Talcum Powder 1.0 1.1


Q3 Financial Update

Category-wise Turnover Q3Category-wise Turnover Q3Rs Crore

Q3 01-02Q3 01-02 Q3 00-01* Q3 00-01* Growth %Growth %

Toilet Soaps 70.3 70.7 (1)

Hair Colour 24.9 21.5 16

Liquid Detergents 22.8 20.1 13

Toiletries 7.9 10.9 (27)

Total Godrej Brands 125.9 123.2 2

Contract Mfg 0.5 7.1 (93)**

Total Sales 126.4 130.3 (3)

* As a part of Godrej Soaps Limited**due to change from sales to processing contract


Q3 Financial Update

Sales-Mix Q3- 2001-02Sales-Mix Q3- 2001-02

Godrej Brand Toilet Soaps

(Rs.70.3 cr)

Contract Mfg(Rs.0.5 cr)

Liquid Detergent(Rs.22.8 cr)

Hair Colour(Rs.24.9 cr)

Toiletries

(Rs. 7.9 cr)


Q3 Financial Update

Category-wise Turnover 9MCategory-wise Turnover 9MRs Crore

9M 01-02 9M 00-01* 9M 01-02 9M 00-01* Growth %Growth %

Toilet Soaps 202.9 186.4 9

Hair Colour 77.6 64.8 20

Liquid Detergents 25.4 22.8 11

Toiletries 27.2 28.6 (5)

Total Godrej Brands 333.0 302.6 10

Contract Mfg 46.3 40.8 14

Total Sales 379.4 343.4 10 * As a part of Godrej Soaps Limited


Q3 Financial Update

Sales-Mix 9M- 2001-02Sales-Mix 9M- 2001-02

Godrej Brand Toilet Soaps

(Rs.202.9 cr)

Contract Mfg(Rs.46.3 cr)

Liquid Detergent(Rs.25.4 cr)

Hair Colour(Rs.77.6 cr)

Toiletries

(Rs. 27.2 cr)


Q3 Financial Update

ExportsExports(directly(directly servicedserviced markets)markets)

•Presence in 36 countries

•Maiden exports to USA, Ethiopia & Suriname

Q3Q3 YTDYTD

•Total exports revenue - 1.5 4.8

(Rs. Crore)


Q3 Financial Update

FinancialsFinancials


Q3 Financial Update

Summarised Profit & Loss AccountSummarised Profit & Loss Account

Rs Crore

Q3 01-02 9M 01-Q3 01-02 9M 01-0202

Sales 126.4 379.4

Other Operating Income 6.2 15.7

Other Income 0.1 0.7

Expenditure 110.9 337.2

PBDIT 21.9 58.6

Depreciation 2.3 7.0

Interest 1.1 3.6

PBT 18.5 48.0


Q3 Financial Update

Balance Sheet Balance Sheet

Liabilities Assets

1-4-01 31-12-01 1-4-01 31-12-01

Equity Capital 23.9 23.9 Net Fixed Assets 99.1 94.6

Reserves 24.8 44.4 Net Current Assets * 19.1 0.2

Debt 69.5 26.5

Total 118.2 94.8 Total 118.2 94.8

Rs.Crore

* including Cash and and Bank balance of Rs.9 Cr on Dec 31,2001


Q3 Financial Update

Funds Flow Funds Flow Rs Crore

Q3 01-02 9M 01-02SOURCES

Internal Accruals 15.2 39.7

Total 15.2 39.7

APPLICATION

Debt Reduction (1.2) 43.0

Capital Expenditure 1.2 2.3

W.Capital change 2.0 (18.8)

Dividend Payout 13.2 13.2

Total 15.2 39.7


Q3 Financial Update

Cost StructureCost StructureRs Crore

Q3 % of Sales 9M % of Sales

Materials cost 57.8 45.7% 169.2 44.6%

Staff Cost 6.3 5.0% 15.6 4.1%

Excise Duties 11.5 9.1% 41.7 11.0%

Advtg & Sales Promotion 14.7 11.6% 51.0 13.4%

Other Expenditure 20.5 16.2% 59.7 15.8%

Interest & Financial Charges 1.1 0.9% 3.6 0.9%

Depreciation 2.3 1.8% 7.0 1.8%

Provision for Taxation 6.2 4.9% 15.9 4.2%

PAT 12.3 9.7% 32.1 8.5%

Sales 126.4 100.0% 379.4 100.0%

Other Operating Income 6.2 4.9% 15.7 4.1%

Other Income 0.1 0.1% 0.7 0.2%


Q3 Financial Update

Key RatiosKey Ratios

Rs Crore

Q3 01-02 9M

01-02

PBDIT / Sales 17.3% 15.4%

PBT / Sales 14.6% 12.7%

PAT / Sales 9.7% 8.5%

Interest / Sales 0.9% 1.0%


Q3 Financial Update

Key Ratios contd..Key Ratios contd..

Q3 01-02 9M 01-02

NWC / Sales (days) 0.2 0.2

Fixed Asset T/o Ratio 5.3 5.3

Total Asset T/o Ratio 5.3 5.3

ROCE 82.4% 72.6%

RONW 72.0% 62.7%

EPS (on Rs.4 Share) 8.2 7.2

All figures are annualised


Q3 Financial Update

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Godrej Consumer Products Limited Q3 Financial Update Godrej Consumer Products Limited 27 January...

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