International Operations
Quarterly Update: Q3 & 9M 2008-09
Soaps Hair Colours
LiquidDetergents Toiletries
Contents• Performance Highlights - Consolidated
• Business Review - Domestic
• GCPL Financials & Ratios - Stand Alone
• International Operations.
Performance Highlights
Consolidated
PAT (Rs. Crore)
40.1 43.0
113.9 118.4
0255075
100125
Q3 0809 Q3 0708 9M 0809 9M 0708PBT (Rs. Crore)
48.9 50.6
140.4 138.6
0
50
100
150
Q3 0809 Q3 0708 9M 0809 9M 0708
PBDIT (Rs. Crore)
49.8 58.3
145.6161.9
0
50
100
150
200
Q3 0809 Q3 0708 9M 0809 9M 0708
Financial Highlights - Consolidated
Net Sales (Rs. Crore)
342.1 272.8
1050.3
833.1
75275475675875
1075
Q3 0809 Q3 0708 9M 0809 9M 0708
EPS (Annualised Rs.)
6.2
7.6
6.0
7.0
4.0
5.0
6.0
7.0
8.0
Q3 0809 Q3 0708 9M 0809 9M 0708
EVA (Rs. Crore)
25.8
36.9
72.2
96.8
0
20
40
60
80
100
Q3 0809 Q3 0708 9M 0809 9M 0708
Financial Highlights - Consolidated
Ratios - ConsolidatedConsolidated Q3 0809 Q3 0708 9M 0809 9M 0708
A&P / Sales 8% 8% 8% 8%PBDIT / Sales 15% 21% 14% 19%PBT / Sales 14% 19% 13% 17%PAT / Sales 12% 16% 11% 14%
Business Review - Domestic
Q3 FY 2008-09
Q3 FY 2008-09 Scenario: Domestic• Industry Scenario
– FMCG sector growth continues to be strong– Strong GDP growth & good economic fundamentals – Vegetable oil prices show declining trend– Rupee weakened versus the USD
• The Company has one business segment in which it operates viz. Personal & Household Care
• GCPL PerformanceIndustry Growth
(AC Nielsen Off Take)GCPL Standalone(Sales Growth)
Q3 ‘0809 Q3 ‘0809Toilet Soaps 21% 22%Hair Colours 25% 14%
*Off take in value terms @ MRP
Sales Growth (Standalone)
Toilet Soaps (Rs. Crore)
163.8 134.1
523.5442.2
0
150
300
450
600
Q3 0809 Q3 0708 9M 0809 9M 0708
Hair Colour (Rs. Crore)
57.0 50.1
161.1 146.9
0
50
100
150
200
Q3 0809 Q3 0708 9M 0809 9M 0708
Liquid Detergents (Rs. Crore)
31.427.9
37.431.8
0
10
20
30
40
Q3 0809 Q3 0708 9M 0809 9M 0708Toileteries (Rs. Crore)
12.7 11.7
47.441.0
01020304050
Q3 0809 Q3 0708 9M 0809 9M 0708
Q3 Highlights
Key initiatives during Q3 FY 0809• Soaps
– Market share for Q3 FY 0809 is 9.7%.– Godrej No.1 – Strawberry & Walnut launched
• Hair Colours– Market share for Q3 FY 0809 is 32.4%.
• Liquid Detergents– Market share for Q3 FY 0809 is 81.3%.
Soaps - Revenue & Market Share
145.
31
162.
81
117.
9
106.
7
134.
08
124.
42
183.
29
183.
37
163.
75
9.7
10.210.0
9.49.29.1 9.1
9.59.7
45
65
85
105
125
145
165
185
Q3 FY07 Q4 FY07 Q1 FY08 Q2 FY08 Q3 FY08 Q4 FY08 Q1 FY09 Q2 FY09 Q3 FY09
Reve
nue
Rs. C
rore
5
6
7
8
9
10
11
Mark
et S
hare
(%)
Revenues Market Share
Source: AC Nielsen data % for All India value MS
Market Share is 9.7% for Q3 08-09
Hair Colours - Revenue & Market Share
44.5
47.2
47.7
52.4
50.1 57
.8
62.2
41.9
57.0
38.0
32.435.9
34.9
34.9
35.134.2 33.736.2
0
10
20
30
40
50
60
70
Q3 FY07 Q4 FY07 Q1 FY08 Q2 FY08 Q3 FY08 Q4 FY08 Q1 FY09 Q2 FY09 Q3 FY09
Reve
nue
(Rs.
Cro
re)
20
22
24
26
28
30
32
34
36
38
40
Mark
et S
hare
(%)
Revenues Mkt share
Market Share is 32.4% for Q3 08-09
Source: AC Nielsen data % for All India value MS
Liquid Detergents - Revenue & Market Share
31.2
31.3727.928.7
6.685.3
4.4 4.422.83.91 1.1 1.56
85.4
80.175.6
82.0 81.377.181.0
78.580.781.879.8
70.668.1
0
5
10
15
20
25
30
35
Q3FY06
Q4FY06
Q1FY07
Q2FY07
Q3FY07
Q4FY07
Q1FY08
Q2FY08
Q3FY08
Q4FY08
Q1FY09
Q2FY09
Q3FY09
Reve
nue
(Rs.
Cro
re)
0
10
20
30
40
50
60
70
80
90
100
Mark
et S
hare
(%)
Revenues Mkt share
Market Share is 81.3% for Q3 08-09
Source: AC Nielsen data % for All India value MS
Financials & Ratios
GCPL Standalone
PAT (Rs. Crore)
38.9 41.5
105.5 111.0
0255075
100125
Q3 0809 Q3 0708 9M 0809 9M 0708PBT (Rs. Crore)
44.9 47.3
121.9 126.3
0
50
100
150
Q3 0809 Q3 0708 9M 0809 9M 0708
PBDIT (Rs. Crore)
40.953.2
115.5
144.9
0
50
100
150
Q3 0809 Q3 0708 9M 0809 9M 0708
Financial Highlights - Standalone
Net Sales (Rs. Crore)
272.2 229.1
808.8675.2
0150300450600750900
Q3 0809 Q3 0708 9M 0809 9M 0708
Q3 FY 08-09 Sales Mix (Standalone)
Soaps60%
By-Prod's2%
Hair Colour21%
Toileteries5%
Liq. Dets12%
Dividend – Q3 FY 08-09• Q3 Dividend announced
Dividend per Share Re. 1
Dividend 100 % Total outlay Rs.30.2 crore (including tax on distributed profits)
Dividend 250% till date for 2008-09
Dividend payout 72% YTD PAT (Standalone)
Balance Sheet (Standalone)Liabilities (Rs. Crore)Liabilities (Rs. Crore) 31-Dec-0831-Dec-08Net Worth 569.52Other Liabilities 49.02Total 618.54
Assets (Rs. Crore)Assets (Rs. Crore) 31-Dec-0831-Dec-08Net Fixed Assets 177.45Investment in Subsidiaries 87.35Investment – OtherCash & Bank Balance
329.8413.63
Net Current Assets 10.27Total 618.54
*Includes Capital Work in Progress & Capital Advances
Funds Flow (Standalone)Q3 08-09(Rs. Crore)
SOURCESSOURCESInternal AccrualsInvestment redemption Cash & Bank
39.889.528.31
Total 57.71
APPLICATIONSAPPLICATIONSRepayment of Loan 15.93Investment in subsidiaries 3.25Working capital changesBuyback of sharesDividend payout – Q2 FY 2008-09
14.181.70
22.65Total 57.71
Cost Structure (Standalone)Amount in Rs.
CroreQ3
0809% of Sales
Q3 0708
% of Sales
9M 0809
% of Sales
9M 0708
% of Sales
Materials Cost 164.17 60% 105.88 46% 477.36
59% 331.45
49%
Staff Cost 10.75 4% 13.66 6% 41.51 5% 40.04 6%Depreciation 3.44 1% 3.92 2% 11.50 1% 11.90 2%Advertisement 18.90 7% 14.81 6% 51.67 6% 42.37 6%Other Expenses 39.59 15% 43.81 19% 132.4
716% 121.6
618%
Interest & Fin. Charges
(7.47) (3%) 1.96 1% (17.93)
(2%) 6.66 1%
Provision for Taxation
5.98 2% 5.85 3% 16.44 2% 15.35 2%
PAT 38.92 14% 41.47 18% 105.45
13% 110.95
16%
Net Sales 272.16 100% 229.05 100% 808.84
100% 675.16
100%
Ratios - StandaloneQ3 0809 Q3 0708 9M 0809 9M 0708
A&P / SalesPBDIT / Sales
7%15%
6%23%
6%14%
6%21%
PBT / Sales 16% 21% 15% 19%PAT / Sales 14% 18% 13% 16%NWC / Sales (days) (6) (14) (6) (14)Fixed Asset TO Ratio 6.3 4.2 6.3 4.2ROCE 24% 68% 22% 61%RONW 27% 91% 25% 81%
Recent Events / Recognitions• GCPL has been ranked 6th in the “Best Companies to Work for
in India” survey done by Mercer Consulting and Business Today.
• GCPL announced the buyback of its fully paid up equity shares of FV Re.1 up to 17,203,533 equity shares (minimum number 250,000 equity shares) at a price not exceeding Rs.150 per equity share.
International Operations
Kinky Group Proprietary Ltd.
Godrej Global Middle East FZE
Godrej Consumer Products Mauritius Ltd- Performance (Holding company of Kinky Group (Pty) Ltd)
** After accounting for finance cost of acquisition
Date of Acquisition: 01-Apr-2008
Rs. Crore Q3 0809 9M 0809Total Income
17.02 40.65
PBIT 3.12 7.30Interest 2.41 5.12PBT 0.71 2.18Tax 1.03 2.56PAT (0.32) (0.38)
• Kinky opened 5 new stores in Q3 2008-09, taking the total number of stores to 22.
Godrej Netherlands BV- Consolidated* Performance
** After accounting for finance cost of acquisition
Date of Acquisition: 31-Oct-2005
Rs. Crore Q3 0809 Q3 0708 9M 0809 9M 0708Total Income
33.6 30.2 159.9 123.4
PBIT 3.6 3.2 19.2 12.0Interest 1.0 1.1 2.9 3.0PBT 2.6 2.1 16.3 9.0Tax 1.0 0.8 5.6 3.0PAT 1.6 1.3 10.7 6.0
Rapidol Pty Ltd-Performance
Rs. Crore Q3 0809 Q3 0708 9M 0809 9M 0708Total Income
14.3 14.6 37.8 38.2
PBIT 2.2 2.5 5.8 5.4PBT 2.6 2.5 6.7 5.4Tax 0.8 0.6 1.9 1.5PAT 1.8 1.9 4.8 3.9
# After accounting for finance cost of acquisition
Date of Acquisition: 01-Sep-2006
Godrej Global Middle East (GGME)
Rs. Crore Q3 0809 Q3 0708 9M 0809Total Income
3.43 2.03 9.21
PBIT 0.16 0.09 0.35Interest 0.04 0.02 0.10PBT 0.12 0.07 0.25Tax - - -PAT 0.12 0.07 0.25
* Represents the performance of the business w.e.f October 1, 2007
Date of Acquisition: 01-Oct-2007
Thank You
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