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Godrej Consumer Products Limited

Godrej Consumer Products Limited. 22 July 2005 Quarterly update Q1 2005-06. Contents. Highlights Business Highlights Key Financials Key Ratios. Highlights Q1 2005-06. Q1 ’05-06 Q1 ’04-05 Sales (own Brands) 157.5 22% 129.3 (net of excise)

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Godrej Consumer Products Limited

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  1. Godrej Consumer Products Limited 22 July 2005Quarterly updateQ1 2005-06

  2. Contents • Highlights • Business Highlights • Key Financials • Key Ratios

  3. Highlights Q1 2005-06 Q1 ’05-06Q1 ’04-05 Sales (own Brands) 157.5 22% 129.3 (net of excise) Contract Mfg 6.7 3.5 Total Sales 167.7 23% 136.2 Material Cost 83.3 69.6 Advt & Publicity 12.3 22% 10.0 PBDIT 33.4 49% 22.5 PAT 27.1 57% 17.3 EVA 24.7 55%16.0 EPS (Rs.) 19.2 57% 12.2 Amts in Rs. Crore

  4. Dividend (2005-06) • First Interim Dividend announced • Dividend per share Rs.3.00 • Dividend % 75% • Total outlay (including tax onRs.19.3Cr distributed profits) • Dividend payout as a % of YTD PAT71.0% (Dividend payout has been taken incl distribution tax, surcharge & education cess)

  5. Shares Buyback • 6th Buyback -Board approved Buyback • 143448 shares bought back at an avg price of Rs.332.82 resulting in an outlay of Rs.477 lac • Buyback closed on June 30,2005 • 7th Buyback -Shareholder approved Buyback(yet to commence) • Approved by Board of Directors on May 10,2005 • Approved by the Shareholders by postal ballot; Results declared at EGM held on July 8,2005 • Buyback from open market at a maximum price of Rs.400 per share and a maximum outlay of Rs.1050 lac

  6. Business Highlights Industry Scenario • FMCG sector is witnessing a surge in demand • Rupee has remained firm vs the USD • Vegetable Oil prices remain reasonable – helped partly by the strong rupee • Prospects of good agricultural growth looking bright with expectation of normal monsoon

  7. Business Highlights contd.. Soap • Growth – 20% for GCPL brands in Q1 2005-06 • Cinthol ,Godrej FairGlow and Godrej No 1 registered strong growth during Q1 2005-06 • Cinthol Deo Soap – “Sport” launched during the quarter

  8. Business Highlights contd.. Personal Care • Hair Colour: • Our brands registered 22% growth in value during the quarter • Toiletries: • Toiletries grow 39% in value during the quarter • Good consumer response to Deluxe Godrej Shaving Cream • Cinthol talcum powder registered strong growth

  9. Sales Growth vs Industry GrowthApr-Jun ‘05 vs Apr-Jun ‘04 Industry GCPL (ORG offtake) Shipment Toilet Soaps 2% 20% Hair Colours 24% 22% All figures shown are % change for All India Value Source : Industry data : ORG MARG

  10. Market Shares Apr-Jun’05 Apr-Jun’04 Toilet Soaps 8.6% 7.5% Hair Colours 39.8% 40.6% Jun’05 Jun’04 Toilet Soaps 8.5% 7.4% Hair Colours 42.1% 39.5% All figures shown are % for All India Value MS Source : ORG Data

  11. Segmental data - Q1 2005-06 Rs Crore Segment RevenueQ1 05-06 Q1 04-05 Soap 113.8 92.8 Personal Care 53.9 43.4 Unallocated income - - Total 167.7 136.2 PBIT Soap 15.2 7.0 Personal Care 21.0 17.5 Segment PBIT 36.2 24.5 Less Interest (Net) 0.9 0.7 Less other unallocated expenses 5.5 4.6 PBT 29.8 19.2

  12. Segmental data -Q1 2005-06 Rs Crore Segment Capital EmployedQ1 05-06Q1 04-05 Soap * 42.4 41.6 Personal Care 18.9 22.1 Unallocated 18.5 14.2 Total 79.9 77.9 * Includes Contract Manufacturing

  13. Category-wise Turnover - Q1 2005-06 Rs Crore Turnover (net of Excise)Q1 05-06Q1 04-05 Growth % Toilet Soaps 104.2 86.5 20% Hair Colours 43.0 35.2 22% Liquid Detergents 0.9 0.8 8% Toiletries 9.4 6.8 39% Total Godrej Brands 157.5 129.3 22% Contract Mfg 6.7 3.5 89% By-Products 3.5 3.4 2% Total Sales 167.7 136.2 23%

  14. Sales-Mix Q1 - 2005-06 By-Products (Rs.3.5 cr) (2%) Liquid Detergent (Rs.0.9cr) (1%) Godrej Brand Toilet Soaps (Rs.104.2 cr) (62%) Toiletries (Rs. 9.4 cr) (5%) Hair Colours (Rs.43.0 cr) (26%) Contract Mfg (Rs.6.7 cr) (4%)

  15. Financials

  16. Summarised Profit & Loss Account Rs Crore Q1 05-06 Q1 04-05 Sales (Net of Excise) 167.7 136.2 23% - Godrej Brands 157.5 129.3 22% - Contract Mfg 6.7 3.5 - By-products 3.5 3.4 Other Income 0.3 0.1 Expenditure 134.6 113.9 PBDIT 33.4 22.5 49% Depreciation 2.7 2.5 Interest 0.9 0.7 PBT 29.8 19.2 55% PAT 27.1 17.3 57%

  17. Balance Sheet Rs.Crore LiabilitiesAssets 30-06-0531-03-0530-06-0531-03-05 Equity Capital 22.6 22.6 Net Fixed Assets 99.3 101.4 Reserves 50.4 27.2 Cash & Bank Bal 8.1 9.0 Debt (0.8) 6.1 Investments 9.7 0.0 Def Tax Liability 7.7 7.9 Net Current Assets (37.2) (14.2) Dividend payable - (32.3) Total 79.9 63.9 Total 79.9 63.9

  18. Funds Flow Rs Crore Q1 05-06 SOURCES Internal Accruals 29.8 W.Capital change 23.6 Total 53.4 APPLICATION Debt Reduction 6.9 Capital Expenditure 0.6 Change in cash & investments 8.8 Shares Buyback 4.8 Dividend 32.3 Total 53.4

  19. Cost Structure (Q1 2005-06) Rs.CroreRs Crore Q1 ’05-06 %of Sales Q1 ’04-05 %of sales Materials cost 83.3 49.7% 69.6 51.1% Staff Cost 9.8 5.8% 7.7 5.7% Advtg & Publicity 12.3 7.3% 10.0 7.4% Other Expenditure 29.3 17.5% 26.5 19.4% Interest & Financial Charges 0.9 0.5% 0.7 0.5% Depreciation 2.7 1.6% 2.5 1.9% Provision for Taxation 2.7 1.6% 1.9 1.4% PAT 27.1 16.2% 17.3 12.7% Sales 167.7 100.0% 136.2 100.0% Other Income 0.3 0.2% 0.1 0.1%

  20. Key Ratios Q1 05-06 Q1 04-05 PBDIT / Sales 19.9% 16.5% PBT / Sales 17.8% 14.1% PAT / Sales 16.2% 12.7%

  21. Key Ratios contd.. Q1 05-06 Q1 04-05 NWC / Sales (days) (20) (23) Fixed Asset T/o Ratio 6.8 5.1 Total Asset T/o Ratio 8.4 7.0 ROCE* 153.7% 102.2% RONW* 148.6% 124.4% EPS (on Rs 4 Share) 19.2 12.2 All figures are annualised * On closing Capital Employed & Closing Networth

  22. Thank You

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