godrej consumer products limited
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Godrej Consumer Products Limited. 22 July 2002 Quarterly update Q1 2002-03. Contents. Highlights Announcements Business Initiatives Key Financials Key Ratios. Highlights Q1 02-03. Rs.Crore Sales (own Brands) 104.2 9% (net of excise) PBDIT 21.220% - PowerPoint PPT PresentationTRANSCRIPT
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
Godrej Consumer Products LimitedGodrej Consumer Products Limited
22 July 200222 July 2002
Quarterly updateQuarterly update
Q1 2002-03Q1 2002-03
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
ContentsContents
• HighlightsHighlights
• AnnouncementsAnnouncements
• Business InitiativesBusiness Initiatives
• Key FinancialsKey Financials
• Key RatiosKey Ratios
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
Highlights Q1 02-03Highlights Q1 02-03
Rs.CroreRs.CroreSales (own Brands)Sales (own Brands) 104.2 9%104.2 9%(net of excise)(net of excise)
PBDITPBDIT 21.2 21.2 20%20%
PATPAT 12.8 12.8 39%39%
EVAEVA 9.7 9.7 49%49%
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
AnnouncementAnnouncementss
• Shares Buy-backShares Buy-back
• Interim Dividend Interim Dividend
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
Shares Buy-backShares Buy-back• First Buyback completed.
• 14,56,593 shares bought back at an avg price of Rs.64
aggregating Rs.9.3 Crore (2.5% of Share Capital)
• Shareholders approve second buyback from the open
market at market price (not exceeding Rs.100 per share)
– Total outlay Rs.10 Crore – (not being proceeded with)
• Board approves new buyback from open market at a
price not exceeding Rs.175 per share – Total outlay
Rs.4.6 Crore
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
Interim Dividend (2002-03)Interim Dividend (2002-03)
•First Interim Dividend announced
Dividend per share Rs.2.00
Dividend % 50%
Total outlay Rs.11.7 Crore
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
Business InitiativesBusiness Initiatives
• Consumer centricity to guide all business actions
• Total Productive Maintenance (TPM) progressing
rapidly at Malanpur
• Second Year of EVA driven performance: Individual
Performance Factor for Performance Linked Variable
Remuneration introduced
• Flexi-timing implemented effective April ’02.
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
Fiscal Fiscal InitiativesInitiatives• Return excess cash to the shareholders through dividend
and buyback
• Exploit tax benefits in backward areas; more opportunities
being evaluated for fiscal benefits
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
Marketing & Sales InitiativesMarketing & Sales InitiativesPower Brands:
• Cinthol, Godrej FairGlow, Godrej No.1, Godrej Hair Colour, Ezee.
• Power Brands sales grew by 15%
Toilet Soaps
• Godrej Brand Soaps sales grew by 11% from Rs.59.1 Cr in Q1 01-02 to Rs.65.7 Cr in Q1 02-03 led by Godrej No1 which grew by 69%
• Relaunched Godrej FairGlow
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
Marketing & Sales Initiatives Marketing & Sales Initiatives Contd…Contd…
Hair Colour
• Hair Colour sales grew 11% from Rs.25.7 Cr in Q1 01- 02 to Rs.28.5 Cr in Q1 02-03
• Launched Mehendi Power in sachets under the brand name Godrej Nupur
• Launched Copper Brown, Dark Mahogany & Burgundy fashion shades of Godrej Coloursoft.
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
Sales Growth vs Industry GrowthSales Growth vs Industry GrowthAMJ ‘02 vs AMJ‘01AMJ ‘02 vs AMJ‘01
IndustryIndustry GCPL GCPL GCPL GCPL (ORG offtake) (ORG offtake)(ORG offtake) (ORG offtake) ShipmentShipment
Toilet Soaps (7.5) (6.3) 11
Hair Colour 0.1 (0.2) 11
Liquid Detergents 28.8 47.8 75
Fairness Cream (8.0) (32.5) (64)
Shaving Cream (14.2) 9.3 34
Talcum Powder (12.2) 1.8 22
Deodorants (14.2) -- --
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
Market SharesMarket Shares
Source : ORG DataAll figures shown are % for All India Value MS
Apr-Jun’02 Apr-Jun-01Apr-Jun’02 Apr-Jun-01
Toilet Soaps 6.0 5.9
Hair Colour 44.4 44.5
Liquid Detergents 84.8 73.9
Fairness Cream 2.8 3.8
Shaving Cream 12.5 9.8
Talcum Powder 1.7 1.5
Deodorants 1.4 --
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
Category-wise Turnover Q1Category-wise Turnover Q1Rs Crore
Turnover (net of Excise) Q1 02-03Q1 02-03 Q1 01-02 Growth %Q1 01-02 Growth %
Toilet Soaps 65.7 59.1 11%
Hair Colour 28.5 25.7 11%
Liquid Detergents 0.6 0.3 75%
Toiletries 9.4 10.3 (9)%
Total Godrej Brands 104.2 95.4 9%
Contract Mfg 4.5 29.2 (84)%**
By-Products 6.2 2.3 168%
Total Sales 114.9 126.9 (9)%
**due to change from sales to processing contract
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
Sales-Mix Q1- 2002-03Sales-Mix Q1- 2002-03
Godrej Brand Toilet Soaps
(Rs.65.7 cr)
Contract Mfg(Rs.4.5 cr)
Liquid Detergent(Rs.0.6 cr)
Hair Colour(Rs.28.5 cr)
Toiletries
(Rs. 9.4 cr)
By-Products(Rs.6.2 cr)
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
ExportsExports(directly(directly servicedserviced markets)markets)
Rs.Crore
Q1 ’02-03Q1 ’02-03 Q1 ’01-02Q1 ’01-02 Growth
•Total exports revenue 2.3 1.3 77%
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
FinancialsFinancials
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
Summarised Profit & Loss AccountSummarised Profit & Loss AccountRs Crore
Q1 02-03 Q1 01-02 Q1 02-03 Q1 01-02
Sales (Net of Excise) 114.9 126.9
- Godrej Brands 104.2 95.4
- Contract Mfg 4.5 29.2
- By-products 6.2 2.3
Processing charges 3.1 0.0
Other Income 0.2 0.0
Expenditure 97.0 109.4
PBDIT 21.2 17.6
Depreciation 2.3 2.3
Interest 0.7 1.5
PBT 18.2 13.8
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
Balance Sheet Balance Sheet
Liabilities Assets
30-6-02 31-3-02 30-6-02 31-3-02
Equity Capital 23.3 23.6 Net Fixed Assets 92.0 93.5
Reserves 37.4 29.5 Cash & Bank Bal 6.8 10.7
Debt 17.4 22.5 Investments 8.8 2.5
Def. Tax Liability 2.8 2.6 Net Current Assets (26.7) (28.5)
Total 80.9 78.2 Total 80.9 78.2
Rs.Crore
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
Funds Flow Funds Flow
Rs Crore
Q1 02-03
SOURCES
Internal Accruals 15.1
APPLICATION
Debt Reduction 5.1
Capital Expenditure 0.8 W.Capital change 1.6
Change in cash & investments 2.4
Shares Buyback 5.2
Total 15.1
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
Cost StructureCost StructureRs Crore
Q1 ’02-03 % of Sales Q1 ’01-02% of sales
Materials cost 54.6 47.6% 65.1 51.3%
Staff Cost 6.1 5.3% 4.5 3.5%
Advtg & Sales Promotion 14.0 12.2% 20.4 16.1%
Other Expenditure 22.3 19.4% 19.4 15.3%
Interest & Financial Charges 0.7 0.6% 1.5 1.2%
Depreciation 2.3 2.0% 2.3 1.8%
Provision for Taxation 5.4 4.7% 4.6 3.6%
PAT 12.8 11.1% 9.2 7.2%
Sales 114.9 100.0% 126.9 100.0%
Processing charges 3.1 2.7%
Other Income 0.2 0.2% 0.1 0.0%
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
Key RatiosKey Ratios
Q1 02-03 Q1
01-02
PBDIT / Sales 18.5% 13.9%
PBT / Sales 15.8% 10.9%
PAT / Sales 11.1% 7.2%
Interest / Sales 0.6% 1.2%
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
Key Ratios contd..Key Ratios contd..
Q1 02-03 Q1 01-02
NWC / Sales (days) -21.2 -2.9
Fixed Asset T/o Ratio 5.0 5.2
Total Asset T/o Ratio 5.7 5.5
ROCE 93.4% 65.8%
RONW 84.3% 63.4%
EPS (on Rs.4 Share) 8.7 6.1
All figures are annualised
Godrej Consumer Products Limited
Q1 2002-03 Performance Update
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