Upload
arnold-stoddart
View
225
Download
2
Embed Size (px)
Citation preview
Godrej Consumer Products Limited
Q2 Financial Update
15 October 200115 October 2001
Quarterly update Quarterly update
Q2/H1 Q2/H1 2001-022001-02
Godrej Consumer Products LimitedGodrej Consumer Products Limited
2Godrej Consumer Products Limited
Q2 Financial Update
ContentsContents
• HighlightsHighlights
• AnnouncementsAnnouncements
• Business InitiativesBusiness Initiatives
• Key FinancialsKey Financials
• Key RatiosKey Ratios
3Godrej Consumer Products Limited
Q2 Financial Update
Highlights Q2 01-02Highlights Q2 01-02
Q2 01-02 H1 01-02Q2 01-02 H1 01-02
Sales Growth (own Brands)Sales Growth (own Brands) 6 % 6 % 15% 15%
(01-02 vs 00-01)(01-02 vs 00-01)
Rs.CroreRs.Crore
PBTPBT 15.7 15.7 29.6 29.6
EVAEVA 7.2 7.2 13.7 13.7
Reduction in DebtReduction in Debt 9.8 9.8 44.2 44.2
Maintained Negative Working CapitalMaintained Negative Working Capital
4Godrej Consumer Products Limited
Q2 Financial Update
• Interim DividendInterim Dividend
• Shares Buy-backShares Buy-back
AnnouncemenAnnouncementsts
5Godrej Consumer Products Limited
Q2 Financial Update
Maiden Interim DividendMaiden Interim Dividend
Q2 01-02Q2 01-02
Interim Dividend (%)Interim Dividend (%) 50.0%50.0% Dividend per Share Rs. Dividend per Share Rs. 2.00 2.00 (on face value of Rs.4 Share)(on face value of Rs.4 Share)
6Godrej Consumer Products Limited
Q2 Financial Update
Shares Buy-backShares Buy-back
• Current guidelines expected to be relaxedCurrent guidelines expected to be relaxed
• In-principle clearance by the BoardIn-principle clearance by the Board
• Committee appointed to examine further and Committee appointed to examine further and
take decision subject to a ceiling of Rs.100 per take decision subject to a ceiling of Rs.100 per
share and a maximum outlay of Rs.10 Croreshare and a maximum outlay of Rs.10 Crore
7Godrej Consumer Products Limited
Q2 Financial Update
Business InitiativesBusiness Initiatives
• EVA Implementation complete across the EVA Implementation complete across the
organisation. Measurement & Remuneration organisation. Measurement & Remuneration
based on EVAbased on EVA
• Red & Blue Team Project complete. 3 year Red & Blue Team Project complete. 3 year
strategy being implementedstrategy being implemented
• Young Executive Board constitutedYoung Executive Board constituted
8Godrej Consumer Products Limited
Q2 Financial Update
Marketing/Sales InitiativesMarketing/Sales Initiatives
• Rural initiatives driven down to more districtsRural initiatives driven down to more districts
• Strategic focus on use of internet for brand Strategic focus on use of internet for brand
building. New initiative with CINTHOL FRESH building. New initiative with CINTHOL FRESH
ZONE on www.indiatimes.comZONE on www.indiatimes.com
9Godrej Consumer Products Limited
Q2 Financial Update
Category HighlightsCategory Highlights
Personal CarePersonal Care
• Sales growth ahead of industrySales growth ahead of industry
• Toilet Soaps grew by 7% far ahead of Toilet Soaps grew by 7% far ahead of
industry which had a negative growthindustry which had a negative growth
• Driven by Godrej No.1 with 415% growthDriven by Godrej No.1 with 415% growth
• Cinthol given new positioning and Cinthol given new positioning and
communicationcommunication
10Godrej Consumer Products Limited
Q2 Financial Update
Category Highlights Category Highlights (contd . . )(contd . . )
Hair CareHair Care
• Hair Colour products grew by 16%Hair Colour products grew by 16%
• Portfolio extension with launch of Portfolio extension with launch of
COLOURGLOSS After Colour shampooCOLOURGLOSS After Colour shampoo
• Increased focus on salon activity and retail Increased focus on salon activity and retail
visibility for COLOURSOFT Hair Colourvisibility for COLOURSOFT Hair Colour
11Godrej Consumer Products Limited
Q2 Financial Update
Source : ORG Data
Godrej IndustryToilet Soaps 4.6% -10.9%Hair Colour 17.1% 8.8%Detergents -8.7% -23.9%Fairness Creams 321.3% 2.4%Shaving Cream -5.6% 1.4%Talcum Powder -16.2% -0.7%All figures are %age of Value Offtake growth
Off-take GrowthOff-take GrowthAug ‘01 vs Aug ‘00Aug ‘01 vs Aug ‘00
12Godrej Consumer Products Limited
Q2 Financial Update
Market SharesMarket Shares
Source : ORG DataAll figures shown are % for All India Value MS
Aug-01 Aug-00Toilet Soaps 5.7 5.4Hair Colour 43.9 40.1Liquid Detergent 68.1 58.0Shaving Cream 10.5 11.4Fairness Cream 3.4 1.1Talcum Powder 1.5 2.1
13Godrej Consumer Products Limited
Q2 Financial Update
Category-wise Turnover Q2Category-wise Turnover Q2
Q2 01-02 Q2 00-01** Growth
%Toilet Soaps 66.2 61.7 7%Hair Colour 24.8 21.4 16%Detergents 2.3 2.0 17%Toiletries 8.9 11.0 -19%Total Godrej Brands 102.2 96.1 6%
Contract Mfg 10.4 13.1 -21%
Total Sales 112.6 109.2 3%
Rs. Crore
** As a part of Godrej Soaps Limited
14Godrej Consumer Products Limited
Q2 Financial Update
9%
2%
22%
8%
59%
Sales Mix Sales Mix Q2 01- 02Q2 01- 02
Godrej Brand Toilet Soaps
(Rs.66.2cr)
Contract Mfg(Rs.10.4 cr)
Liquid Detergents(Rs. 2.3cr)
Hair Colour
(Rs.24.8 cr)
Toiletries
(Rs. 8.9 cr)
15Godrej Consumer Products Limited
Q2 Financial Update
Category-wise Turnover H1Category-wise Turnover H1
H1 01-02 H1 00-01** Growth
%Toilet Soaps 132.6 115.7 15%Hair Colour 52.6 43.3 22%Detergents 2.6 2.7 -4%Toiletries 19.2 17.7 9%Total Godrej Brands 207.0 179.4 15%
Contract Mfg 45.9 33.7 36%
Total Sales 252.9 213.1 19%
Rs. Crore
** As a part of Godrej Soaps Limited
16Godrej Consumer Products Limited
Q2 Financial Update
18%
1%
21%
8%
52%
Sales Mix Sales Mix H1 01- 02H1 01- 02
Godrej Brand Toilet Soaps
(Rs.132.6cr)
Contract Mfg(Rs.45.9 cr)
Liquid Detergents(Rs. 2.6cr)
Hair Colour
(Rs.52.6 cr)
Toiletries
(Rs. 19.2 cr)
17Godrej Consumer Products Limited
Q2 Financial Update
ExportsExports
• Exports continued to grow at 27%Exports continued to grow at 27%
• Presence in 30 countriesPresence in 30 countries
Q2Q2 H1H1
• Total exports revenueTotal exports revenue -- 2.12.1 3.4 3.4(Rs. (Rs.
Crore)Crore)
18Godrej Consumer Products Limited
Q2 Financial Update
FinancialsFinancials
19Godrej Consumer Products Limited
Q2 Financial Update
Summarised Profit & Loss AccountSummarised Profit & Loss AccountRs Crore
Q2 01-02Q2 01-02 H1 H1 01-0201-02
SalesSales 112.6112.6 252.9252.9Other Operating IncomeOther Operating Income 6.9 6.9 9.5 9.5Other IncomeOther Income 0.5 0.5 0.6 0.6ExpenditureExpenditure 100.9100.9 226.3226.3PBDITPBDIT 19.1 19.1 36.7 36.7DepreciationDepreciation 2.3 2.3 4.6 4.6InterestInterest 1.1 1.1 2.5 2.5 PBTPBT 15.7 15.7 29.6 29.6
20Godrej Consumer Products Limited
Q2 Financial Update
Balance Sheet Balance Sheet
LiabilitiesLiabilities AssetsAssets
1-4-01 30-9-01 1-4-01 30-9-01
Equity Capital 23.9 23.9 Net Fixed Assets 99.1 95.7
Reserves 24.8 44.8 Net Current Assets 19.1 (1.7)
Debt 69.5 25.3
Total 118.2 Total 118.2 94.0 Total 118.2 94.0 94.0 Total 118.2 94.0
Rs.Crore
21Godrej Consumer Products Limited
Q2 Financial Update
Funds Flow Funds Flow Rs
Crore
Q2 01-02 H1 01-02Q2 01-02 H1 01-02SOURCESSOURCESInternal AccrualsInternal Accruals 13.013.0 24.5 24.5TotalTotal 13.013.0 24.5 24.5
APPLICATIONAPPLICATIONDebt ReductionDebt Reduction 9.8 9.8 44.2 44.2Capital ExpenditureCapital Expenditure 0.8 0.8 1.1 1.1W.Capital changeW.Capital change 2.4 2.4 (20.8) (20.8)TotalTotal 13.013.0 24.5 24.5
22Godrej Consumer Products Limited
Q2 Financial Update
Cost StructureCost StructureRs Crore
Q2 % of Sales H1 % of Sales
Materials costMaterials cost 46.3 46.3 41.1%41.1% 111.4 111.4 44.0%44.0%
Staff CostStaff Cost 4.8 4.8 4.3% 4.3% 9.3 9.3 3.7% 3.7%
Excise DutiesExcise Duties 14.0 14.0 12.5%12.5% 30.2 30.2 11.9%11.9%
Advtg & Sales Promotion 15.9Advtg & Sales Promotion 15.9 14.1% 36.314.1% 36.3 14.4%14.4%
Other ExpenditureOther Expenditure 19.8 19.8 17.6%17.6% 39.1 39.1 15.5% 15.5%
Interest & Financial Charges 1.1Interest & Financial Charges 1.1 0.9% 0.9% 2.5 2.5 1.0% 1.0%
DepreciationDepreciation 2.3 2.3 2.1% 2.1% 4.6 4.6 1.8% 1.8%
Provision for TaxationProvision for Taxation 5.1 5.1 4.5% 4.5% 9.7 9.7 3.8% 3.8%PATPAT 10.7 10.7 9.5% 9.5% 19.9 19.9 7.9% 7.9%
SalesSales 112.6 100.0% 112.6 100.0% 252.9 100.0% 252.9 100.0%
Other Operating Income 6.9Other Operating Income 6.9 6.1% 6.1% 9.5 9.5 3.8% 3.8%
Other IncomeOther Income 0.5 0.5 0.5% 0.5% 0.6 0.2% 0.6 0.2%
23Godrej Consumer Products Limited
Q2 Financial Update
Key RatiosKey Ratios
Rs Crore
Q2 01-02Q2 01-02
H1 01-02H1 01-02
PBDIT / SalesPBDIT / Sales 17.0% 17.0% 14.5% 14.5%
PBT / SalesPBT / Sales 14.0% 14.0% 11.7% 11.7%
PAT / SalesPAT / Sales 9.5% 9.5% 7.9% 7.9%
Interest / SalesInterest / Sales 0.9% 0.9% 1.0% 1.0%
24Godrej Consumer Products Limited
Q2 Financial Update
Key Ratios Key Ratios contd..contd..
All figures are annualised
Rs Crore
Q2 01-02Q2 01-02H1 01-02H1 01-02
NWC / Sales (days)NWC / Sales (days) -1.4-1.4 -1.3 -1.3Fixed Asset T/o RatioFixed Asset T/o Ratio 4.7 4.7 5.3 5.3 Total Asset T/o RatioTotal Asset T/o Ratio 4.8 4.8 5.4 5.4ROCEROCE 71.6% 71.6% 68.4% 68.4%RONWRONW 62.1% 62.1% 57.9% 57.9%EPS (on Rs.4 Share)EPS (on Rs.4 Share) 7.1 7.1 6.6 6.6
Godrej Consumer Products Limited
Q2 Financial Update
Thank YouThank You