Godrej Consumer Products Limited Q3 Financial Update Godrej Consumer Products Limited 27 January...
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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
Godrej Consumer Products Limited
Q3 Financial Update
ContentsContents
• HighlightsHighlights
• AnnouncementsAnnouncements
• Business InitiativesBusiness Initiatives
• Key FinancialsKey Financials
• Key RatiosKey Ratios
Godrej Consumer Products Limited
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
Godrej Consumer Products Limited
Q3 Financial Update
AnnouncementAnnouncementss
• Shares Buy-backShares Buy-back
Godrej Consumer Products Limited
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.
Godrej Consumer Products Limited
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
Godrej Consumer Products Limited
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
Godrej Consumer Products Limited
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
Godrej Consumer Products Limited
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
Godrej Consumer Products Limited
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
Godrej Consumer Products Limited
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
Godrej Consumer Products Limited
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)
Godrej Consumer Products Limited
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
Godrej Consumer Products 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)
Godrej Consumer Products Limited
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)
Godrej Consumer Products Limited
Q3 Financial Update
FinancialsFinancials
Godrej Consumer Products Limited
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
Godrej Consumer Products Limited
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
Godrej Consumer Products Limited
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
Godrej Consumer Products Limited
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%
Godrej Consumer Products Limited
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%
Godrej Consumer Products Limited
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
Godrej Consumer Products Limited
Q3 Financial Update
Thank YouThank You