Project Dabur

8/2/2019 Project Dabur

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Benchmarking Model For

use this report to.

identify the performance of

top FMCG companies and understand the

main factors driving their performance.


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abut India Ltd.

providing you with.

Financial Statements

Key Financial Ratios

Segmentation

SWOT Analysis

Observation

Facts


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Financial sta


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ements


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For the period 2005-06

DABUR HUL NESTLE COLGATE GODREJ MARICO EMAMI

INCOME

NET SALES 1342.78 11565.82 2816.06 1124.19 699.72 1143.94 301.84

OTHER INCOME 5.35 312.06 20.52 25.61 8.77 3.54 0.79

Operating 193.77 8.51 6.89 0.39

Non Operating 118.29 12.01 1.88 0.4

TOTAL INCOME 1348.13 12189.94 2857.1 1149.8 717.26 1147.48 303.42

EXPENDITURE

Cost of material 575.11 6286.21 1336.66 505.36 336.23 611.69 175.63

Mfg. expenses 37.45 743.76 159.9 11.00 33.83 51.75 1.46Freight charges 40.5 590.41 133.71 24.84 25.26 43.08 8.14

Advertising&Sales pro. 151.66 1027.98 138.83 197.8 72.12 138.78 8.65

Market research and pro 6.63 5.78 ---- --- --- ---

Payment to and provision 98.31 685.13 216.16 86.45 47.53 78.34 14.76

Other Selling&Admin exp. 195.15 135.63 271.04 15.23 24.7 46.73 30.34

Finance expenses 5.66 24.21 0.44 0.58 6.47 5.05 -2.96

Misc. Expenses 511.43 28.05 56.84 15.67 27.81 10.18

Misc. expenditure writte 4.26 --- --- --- --- 0.13 ---

Depriciation 19.04 138.37 66.28 31.42 11.47 44.67 23.74

Others 147.59 -12.55 32.4 3.13 1.45 -17.6

TOTAL EXPENDITURE 1133.77 10290.72 2344.3 961.92 576.41 1049.48 252.34

NET PROFIT BEFORE TAX 214.36 1899.22 512.8 187.88 140.85 98.00 51.08

Provision for taxation

Current 18.08 -237.61 -152.18 46.86 -11.75 9.76 3.00

Deferred 4 -41.4 -9.2 -2.58 1.37 -3.39 -2.19

Fringe benefit 3.7 -31.34 -4.03 6.00 -0.9 2.47 0.14

Adjustments of previous year 46.01 --- --- 0.5 2.28 ---

NET PROFIT AFTER TAX 188.58 1354.51 326.87 137.60 121.30 86.88 49.25

(A)NET CASH FROM OPER 194.34 1967.45 418.54 184.60 142.65 164.66 46.72

(B)NET CASH FROM INVE -27.51 436.85 -121.73 -37.45 -136.39 -283.24 -36.28

NET CASH FROM FINAN -139.44 -2748.25 -283.75 -115.32 -34.21 128.19 -10.10

(D) FOREIGN EXCHANGE --- --- --- --- --- -1.97 0.13

NET INCREASE/DECREASE 27.39 -343.95 13.06 31.83 -27.95 7.64 0.47

Profit & Loss A/c ( Amount in crores)

STATEMENT OF CASH FLOWS(


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SOURCES OF FUNDS

SHAREHOLDERS FUND 447.87 2305.62 388.89 271.07 78.68 261.48 335.21

MINORITY INTEREST --- --- --- --- --- --- ----

LOAN FUNDS 20.57 56.94 16.27 4.36 68.72 239.80 32.16

DEFFERED TAX LIABILITY 16.71 ---- --- --- 6.57 8.28 2.62

TOTAL 485.15 2362.56 405.16 275.43 153.97 509.56 369.99

APPLICATION OF FUNDS

FIXED ASSETS 198.83 1483.53 580.03 169.12 84.96 381.27 202.45

INVESTMENTS 275.07 2014.19 77.77 148.34 1.00 18.47 87.10

GOODWILL --- --- --- --- 85.14 1.67 ---DEFERRED TAX ASSETS 1.32 220.14 -19.15 --- --- --- ---

NET CURRENT ASSETS -22.94 -1355.30 -233.49 -42.03 -17.13 107.90 80.44

FOREIGN CURRENCY MO --- --- --- --- --- --- ---

MISC. EXPENDITURE 32.87 --- --- --- --- 0.25 ---

TOTAL 485.15 2362.56 405.16 275.43 153.97 509.56 369.99

BALANCE SHEET(Amt. in cror


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BRITANNIA GSK

1713.33 1107.87

21.69 52.18

1735.02 1160.05

1004.96 386.61

26.38 79.17102.63 57.61

107.12 143.15

--- 0.89

73.06 134.66

162.83 99.86

5.08 3.53

34.34 21.3

--- ---

21.72 42.70

1.06

1539.18 969.48

195.84 190.57

54.28 62.15

--- -3.53

--- 5.04

--- -0.02

141.56 126.93

64.90 138.57

-37.41 -224.75

-36.16 -51.7

----

-8.67 -137.88


8/60

549.09 542.72

----

9.35

1.69 24.06

560.13 566.78

151.63 257.9

359.86 219.68

-------

32.57 89.21

---

16.07

560.13 566.79


9/60



INCOME

NET SALES 1600.43 12410.97 3504.35 1295.61 951.52 1556.92 518.25

OTHER INCOME 16.51 392 25.44 65.93 2.65 10.16 3.49

Operating 243.18 8.64 40.17 2.42 1.79

Non Operating 148.82 16.8 25.76 0.23 1.7

TOTAL INCOME 1616.94 13194.97 3555.23 1427.47 956.82 1567.08 525.23

EXPENDITURE

Cost of material 767.98 6738.87 1752.26 572.66 487.68 818.43 225.70



Market research and pro 6.51 --- 7.16 --- ---- --- ---

Payment to and provisio 118.66 688.44 269.44 171.44 54.38 81.92 22.62

Other Selling&Admin exp 106.62 139.97 305.1 102.53 35.46 57.54 60.73

Finance expenses 4.43 13.97 0.85 0.98 9.63 20.61 -10.18

Misc. expenses 622.99 33.2 49.54 9.73 46.68 22.94

Misc. expenditure writte 6.50 --- --- --- --- 0.13 ---

Depriciation 21.97 135.66 74.74 19.57 14.20 52.06 4.67

Others -56.18 -64.53 18.56 2.10 2.53



Provisiov for taxation

Current 31.53 -272.95 -193.9 59.60 22.27 18.8 8.41

Deferred -2.65 -22.82 -16.69 -16.75 1.31 8.91 -0.27

Fringe benefit 3.28 -35.97 -4.2 4.20 0.76 3.29 0.43

Adjustments of previous year -0.46 --- 6.19 ---


(A)NET CASH FROM OPE 234.42 1594.82 519.19 154.24 120.38 188.40 62.29

(B)NET CASH FROM INVE -60.57 -197.94 -168.71 5.55 -94.25 -276.99 -5.89


(D) FOREIGN EXCHANGE --- --- --- --- --- 3.98 -0.01

NET INCREASE/DECREAS 5.79 52.15 -21.96 23.75 21.15 1.27 11.94




10/60

SOURCES OF FUNDS


MINORITY INTEREST --- --- --- --- --- 0.01 ---

LOAN FUNDS 20.08 72.60 2.87 4.28 173.61 250.97 25.42

DEFFERED TAX LIABILITY 22.64 --- 28.70 --- 7.98 --- 2.58

TOTAL 445.91 2796.08 449.99 284.80 303.59 443.35 257.42


FIXED ASSETS 239.04 1511.01 675.50 192.02 199.21 165.44 81.29

INVESTMENTS 145.35 2413.93 94.40 133.34 0.006 0.01 78.18

GOODWILL --- --- --- --- 88.57 44.95 ---DEFERRED TAX ASSETS 1.37 224.54 --- --- --- 115.15 ---

NET CURRENT ASSETS 40.33 -1353.40 -319.91 -40.56 15.80 117.68 97.95

FOREIGN CURRENCY MO ---- --- --- --- -- --- ---

MISC. EXPENDITURE 19.82 --- --- --- --- 0.12 ---

TOTAL 445.91 2796.08 449.99 284.80 303.586 443.35 257.42



11/60

BRITANNIA GSK

2266.28 1277.82

28.84 68.86

2295.12 1346.68

1454.03 470.67

29.97 82.36168.96 65.79

139.89 164.1

--- 1.65

79.30 154.93

212.64 81.47

11.69 4.61

49.85 32.49

--- ---

25.96 43.49

1.01

2173.30 1101.56

121.82 245.12

8.91 84.5

-2.81 -6.78

5.22 4.75

--- -0.01

110.5 162.66

87.08 188.06

59.05 -79.05

-49.15 -63.26

---

96.98 45.75


12/60

614.81 646.35

---

4.78

--- 17.28

619.59 663.63

214.40 243.33

320.04 297.83

---1.24

58.33 122.46

---

25.58

619.59 663.62


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INCOME

NET SALES 2083.39 13871.08 4324.24 1,473.85 1102.57 1905.04 618.03

OTHER INCOME 27.91 422.26 33.86 77.18 6 9.56 3.37

Operating 207.57 13.16 48.11 2.05 2.36

Non Operating 214.69 20.7 29.07 3.95 1.01

TOTAL INCOME 2111.30 14715.6 4391.96 1,628.21 1114.57 1914.6 624.77

EXPENDITURE

Cost of material 1013.91 7452 2138.66 598.22 541.40 1004.30 229.48

Mfg Expenses 69.85 708.2 220.58 14.07 44.54 93.38 1.57Freight charges 66.83 736.92 203.55 35.35 32.83 77.51 14.91


Market research and pro 0.75 9.66 --- --- --- ---


Other Selling&Admin exp 157.03 76.39 384.95 104.48 40.88 65.82 67.28

Finance Expenses 8.54 26.48 1.64 1.22 14.83 30.52 -10.12

Misc expenses ---- 748.96 41.08 63.89 11.48 44.86 24.36

Misc expenses written of 5.66 ---- ---- --- --- 0.12 ---

Depriciation 25.75 141.9 92.36 20.92 18.17 30.75 7.40

Others 15.95 -46.91 25.56 13.42 1.93 45.31




Current 40.57 -334.21 -222.31 67.41 26.59 24.22 12.43

Deferred 0.75 -39.65 -8.18 -2.43 0.93 20.21 -0.2

Fringe benefit 7.08 -40.23 -8.25 4.27 0.73 -8.48 0.43

Adjustments of previous year 5.05 --- --- --- ---



(B)NET CASH FROM INVE -179.76 1023.76 -251.91 26.09 -63.78 -158.59 -26.18


(D) FOREIGN EXCHANGE --- ---- --- --- --- -0.17 0.57

NET INCREASE/DECREASE 14.24 -217.47 96.43 32.54 -4.9 31.45 -15.62




14/60

SOURCES OF FUNDS


MINORITY INTEREST ----- ---- ---- --- --- 0.12 0.48

LOAN FUNDS 17.33 88.53 0.82 4.69 187.10 357.94 125.80

DEFFERED TAX LIABILITY 27.28 ---- 36.88 ---- 8.9 --- 2.14

TOTAL 572.93 1527.76 511.05 166.9 367.56 672.68 414.85


FIXED ASSETS 294.43 1708.14 862.16 198.99 239.91 257.31 92.29

INVESTMENTS 270.37 1440.81 34.9 72.59 0.006 0.01 114.05

GOODWILL ---- --- --- ---- 95.6 84.24 4.00DEFERRED TAX ASSETS 24.00 212.38 --- --- --- 98.17 ---

NET CURRENT ASSETS -29.82 -1833.57 -386.01 -104.68 29.18 232.95 204.40

FOREIGN CURRENCY MO --- --- --- --- --- --- ---

MISC. EXPENDITURE 13.95 ---- --- --- 2.86 --- 0.11

TOTAL 572.93 1527.76 511.05 166.9 367.556 672.68 414.85



15/60

BRITTANNIA GSK

2776.93 1541.75

51.37 95.48

2828.3 1637.23

1692.9 631.93

56.28 114.21187.990 77.81

183.250 194.03

--- 5.32

126.25 171.95

201.210 70.96

18.59 5.33

93.07 38.03

--- ---

39.36 41.95

0.09

2598.99 1351.52

229.31 285.71

35.91 100.8

-5.22 -10.69

-2.81 5.65

--- 1.62

201.43 188.33

63.13 134.71

-130.31 19.33

53.08 -54.57

---

-14.1 99.47


16/60

755.81 760.88

---

106.10

--- 6.58

861.91 767.46

250.68 226.11

380.83

---2.37

204.8 541.35

---

23.22

861.9 767.46


17/60



INCOME

NET SALES 2396.16 20,501.10 5129.37 1695.21 1392.96 1,917.17 766.18

OTHER INCOME 43.06 580.06 37.80 93.45 43.61 14.82 7.89

Operating 400.4 20.62 62.11 3.31 4.08

Non Operating 179.66 17.18 31.34 40.3 3.81

TOTAL INCOME 2439.22 21,661.22 5204.97 1882.11 1480.18 1,931.99 781.96

EXPENDITURE

Cost of material 1222.43 11,286.69 2457.03 591.72 760.62 1,157.03 267.09


Advertising&sales pro. 284.93 2153.82 267.51 271.71 137.86 169.56 144.11

Market research and pro 1.66 --- 8.66 --- --- --- ---


Other selling&admin exp 172.35 246.57 425.29 155.48 83.27 51.06 58.26

Finance expenses 13.34 26.45 1.40 1.53 18.86 28.92 22.70

Misc expenses ---- 1063.96 42.22 68.99 12.36 29.74 13.26

Misc expenses written of 3.94 --- --- --- --- --- ---

Depriciation 27.42 199.97 111.26 28.25 19.22 17.03 18.00

Others -320.72 -5.51 4.62 14.35 10.96 42.80

TOTAL EXPENDITURE 2014.22 18,046.55 4207.56 1440.13 1227.35 1,713.12 637.15



Current -47.48 -544.64 -265.33 -43.57 32.42 18.19 11.26

Deferred 2.55 -4.74 -4.88 -12.95 3.43 32.12 2.30

Fringe benefit -6.51 -38.17 -1.52 -3.77 0.75 -21.4 0.82

Adjustments of previous --- 48.35 ---- --- 0.64 --- -0.26

NET PROFIT AFTER TAX 373.56 2,495.41 687.88 288.24 173.26 189.96 122.8

(A)NET CASH FROM OPER 323.57 2,054.05 927.9 319.38 143.27 181.64 192.06

(B)NET CASH FROM INVE -238.38 885.37 -255.21 41.82 -141.51 -98.84 -499.22

NET CASH FROM FINAN -9.77 -1,337.73 -542.43 -255.13 333.98 -71.04 324.78

(D) FOREIGN EXCHANGE ------ --- --- ---- --- 3.08 -9.66

NET INCREASE/DECREASE 75.42 1,601.69 130.26 106.07 335.74 14.84 7.96




18/60

SOURCES OF FUNDS

SHAREHOLDERS FUND 738.20 2,137.47 581.26 216.29 566.85 453.49 299.17

MINORITY INTEREST ----- 7.78 --- --- --- --- ---

LOAN FUNDS 138.97 434.13 --- 4.69 277.57 374.97 448.19

DEFFERED TAX LIABILITY 30.48 ---- 32.00 --- 4.21 --- 5.95

TOTAL 907.65 2579.38 613.26 220.98 848.63 828.46 753.31


FIXED ASSETS 360.03 2,135.84 975.83 178.60 229.69 311.10 649.27

INVESTMENTS 436.90 287.64 203.25 38.32 7.5 12.11 39.89

GOODWILL --- --- --- --- 208.57 85.03 ---DEFERRED TAX ASSETS 23.53 253.05 --- 17.69 --- 64.12 ---

NET CURRENT ASSETS 78.55 -97.15 -565.82 -13.63 402.87 356.10 61.01

FOREIGN CURRENCY MO ---- --- --- --- --- --- 3.14

MISC. EXPENDITURE 8.64 --- --- --- --- --- ---

TOTAL 907.65 2579.38 613.26 220.98 848.63 828.46 753.31



19/60

BRITTANNIA GSK

3421.22 1921.50

38.71 89.32

3459.93 2010.82

2119.06 727.81

61.47 113.51234.57 89.95

235.57 302.09

--- 5.22

158.7 200.69

249.59 129.12

32.60 4.03

94.52 42.52

27.00 ---

65.91 42.02

2.71 ---

3281.70 1656.96

178.23 353.86

34.65 139.50

12.76 -17.59

5.46 1.78

-0.12 -2.61

125.48 232.78

246.77 400.23

12.27 -21.57

-145.77 -29.83

-----

113.27 348.83


20/60

824.54 905.09

----

25.16

9.94

859.64 905.09

283.86 232.26

423.10

-------- 11.01

126.05 661.82

---

26.63

859.64 905.09


21/60



INCOME

NET SALES 2856.87 17764.27 6254.74 1962.46 2041.20 2024.29 1021.71

OTHER INCOME 32.84 343.97 42.65 95.88 47.30 22.06 7

Operating 222.37 18.89 70.73 14.75 4.77

Non Operating 121.6 23.76 25.15 32.55 2.23

TOTAL INCOME 2889.71 18452.21 6340.04 2154.22 2135.80 2046.35 1035.71

EXPENDITURE

Cost of material 1373.93 8935.87 3138.51 651.59 986.75 1085.1 380.52

MFG. expenses 76.18 888.01 398.88 146.45 62.23 99.18 6.87Freight & handling charge 52.88 874.01 310.84 50.34 50.43 82.32 22.7


Market Research&Produc 0.5 --- 9.67 --- --- --- ---


Other selling&admin exp. 213.65 144.23 430.42 169.76 53.02 82.68 98.62

Finance expenses 5.60 7.47 1.07 1.5 11.09 18.3 20.97

Misc. expenses ---- 876.61 ---- 58.62 3.02 28.93 14.51

Misc. expenses written of 5.66 --- --- --- --- --- ---

Depriciation 31.91 191.94 127.75 30.66 23.6 25.21 117.52

Others 75.65 -19.28 -11.91 125.14 7.3 -103.15




Current -89.66 -637.05 -325.17 -67.58 79.55 55.2 34.43

Deferred -4.04 -20.15 -1.27 2.81 0.78 4.91 1.00

Fringe benefit --- --- --- --- --- -2.56 ---

Adjustments of previous ---- 41.93 --- --- --- --- -0.22



(B)NET CASH FROM INVE -267.54 -1143.51 -445.88 34.51 -26.52 -207.37 -33.73

NET CASH FROM FINAN -201.88 -2187.79 -543.80 -337.45 -360.86 28.11 34.07

(D) FOREIGN EXCHANGE F ---- ---- ---- ---- ---- -3.98 1.09

NET INCREASE/DECREASE 12.07 148.27 47.14 94.41 -46.85 22.86 149.03




22/60

SOURCES OF FUNDS


MINORITY INTEREST - 10.46 ---- ---- ---- 12.53 ----

LOAN FUNDS 109.97 10.84 ---- 4.58 36.87 445.88 259.05

DEFFERED TAX LIABILITY 11.95 207.30 33.27 ---- 6.59 ---- 6.95

TOTAL 871.30 2897.53 888.68 330.69 998.15 1112.37 885.37


FIXED ASSETS 474.26 2494.34 1361.64 253.13 262.56 399.68 567.05

INVESTMENTS 348.51 1224.42 150.67 21.00 67.00 82.71 62.08

GOODWILL -- --- --- --- 311.86 85.03 ---DEFERRED TAX ASSETS --- 455.50 ---- 17.90 ---- 61.63 ----

NET CURRENT ASSETS 45.79 -1276.73 -623.63 38.66 356.72 483.32 257.66

FOREIGN CURRENCY MO ---- ---- ----- ---- ---- ---- -1.41

MISC. EXPENDITURE 2.74 --- ---- ---- ---- ---- -----

TOTAL 871.30 2897.53 888.68 330.69 998.14 1112.37 886.79



23/60

BRITTANNIA GSK

3770.84 2306.12

63.53 117.39

3834.37 2423.51

2416.77 894.71

56.07 134.48253.56 112.93

300.96 370.63

3.98

157.89 229.66

316.76 137.62

23.45 2.60

98.71 45.38

--- ---

58.23 39.71

3.48

3685.88 1971.7

148.49 451.81

22.87 167.97

-16.03 -15.72

---

-1.26 -0.29

142.91 299.85

235.28 326.21

-109.68 -79.39

-184.05 -90.52

----

-58.45 156.30


24/60

396.25 960.03

----

429.61

----

825.86 960.03

293.14 310.57

490.63 0.0005

---6.58 26.73

35.50 622.72

----

----

825.85 960.02


25/60

Q1 Q2 Q3 Q4

INCOME

Net sales 742.66 848.03 926.18 848.58

Other Income 4.67 5.95 3.99 9.67

Total Income 747.33 853.98 930.17 858.25

EXPENDITURE

Change in stock -20.01 -9.62 -4.33 22.79

Consumption of 295 340.75 366.35 318.30

Purchase of trade 77.92 50.65 58.40 43.23

Adpro 113.75 120.18 134.93 115.61

Employee cost 59.65 72.23 73.12 75.40

Finance charges 3.67 3.29 3.72 5.16

Depriciation 11.03 12.49 13.18 13.08

Amortisation 1.31 1.43 1.38 1.79

Other exp. 94.95 93.63 118.45 103.85

Total Expenditure 637.27 685.03 765.2 699.21

PBT 110.06 168.95 164.97 159.04

Tax 18.89 28.61 27.13 25.81

PAT 91.17 140.34 137.84 133.23

Dabur(2009-10)


26/60

Dabur(2010-11)

Q1 Q2 Q3 Q4

INCOME

Net sales 748.47 972.77 1079.97 1108.22

Other Income 6.76 10.06 6.91 7.40

Total Income 755.23 982.83 1086.88 1115.62

EXPENDITURE

Change in stock -41.74 -38.76 -4.42 -33.23

Consumption of 308.86 437.86 449.54 501.33

Purchase of trad 107.45 59.38 77.99 20.94

Adpro 111.73 121.52 134.93 127.42

Employee cost 54.21 77.85 80.13 91.45

Finance charges -1.17 4.59 5.37 15.91

Depriciation 8.87 14.24 15.96 18.74

Amortisation 0.99 4.72 7.33 6.19

Other exp. 92.97 105.40 130.31 178.44

Total Expenditur 642.17 786.8 897.14 927.19

PBT 113.06 196.03 189.74 188.43

Tax 23.54 35.60 35.69 41.40

PAT 89.52 160.43 154.05 147.03


27/60

Q1 Q2 Q3 Q4

INCOME

Net sales 4475.68 4228.11 4504.26 4315.75

Other Income 26.95 41.12 68.97 64.49

Total Income 4502.63 4269.23 4573.23 4380.24

EXPENDITURE

Change in stock 227.16 4.09 -24.92 -229.05

Consumption of 1561.31 1646.92 1627.18 1773.45

Purchase of trad 523.18 493.11 602.33 673.12

Adpro 561.11 570.92 632.88 626.52

Employee cost 250.40 235.79 212.01 238.10


Depriciation 42.49 46.24 45.01 50.29

Other exp. 630.90 619.16 697.37 674.21


PBT 700.91 651.52 781.18 573.46

Tax 164.25 87.81 176.55 187.76

PAT 536.66 563.71 604.63 385.7

Hul(2009-10)


28/60

Q1 Q2 Q3 Q4

INCOME

Net sales 4793.89 4680.87 5027.01 4899.35

Other Income 82.32 83.80 100.70 67.26

Total Income 4876.21 4764.67 5127.71 4966.61

EXPENDITURE

Change in stock 111.07 -103.44 -102.99 -195.18

Consumption of 1683.26 1799.51 1941.51 2104.98

Purchase of trad 652.27 686.92 730.64 748.29

Adpro 751.21 646.48 743.26 623.29

Employee cost 250.61 245.01 231.04 234.60


Depriciation 53.50 55.37 56.33 55.63

Other exp. 704.72 766.48 782.25 748.15


PBT 669.49 668.27 745.61 646.83

Tax 154.78 142.59 172.39 161.28

PAT 514.71 525.68 573.22 485.55

Hul(2010-11)


29/60


30/60

Q1 Q2 Q3 Q4

INCOME

Net sales 1479.78 1466.71 1637.30 1670.96

Other Income 5.64 4.59 4.1 4.56

Total Income 1485.42 1471.30 1641.40 1675.52

EXPENDITURE

Change in stock -42.53 -67.51 47.15 -20.05

Consumption of 760.03 761.59 728.36 792.83

Purchase of trad 20.05 25.00 27.88 22.78

Employee cost 99.78 111.64 104.06 117.96


Depriciation 30.99 30.39 30.58 35.79

Provision for con -4.78 6.66 -4.57 4.77

Other exp. 334.93 336.50 402.54 418.35


PBT 286.4 266.66 305.35 302.99

Tax 84.54 71.83 83.99 86.10

PAT 201.86 194.83 221.36 216.89

Nestle(2010)


31/60

Q1 Q2 Q3 Q4

INCOME

Net sales 467.99 487.26 490.61 516.6

Other Income 17.41 15.6 20.34 19.39

Total Income 485.4 502.86 510.95 535.99

EXPENDITURE

Change in stock -0.31 -2.48 -8.16 -0.48

Consumption of 98.81 104.61 102.54 102.85


Employee cost 39.07 37.28 40.62 42.1

Adpro 58.28 82.51 75.28 83.35


Depriciation 5.63 5.76 5.58 20.6

Other exp. 51.94 58.28 56.46 109.32


PBT 125.07 111.32 122.51 125.9

Tax 22.29 21.62 6.12 11.51

PAT 102.78 89.7 116.39 114.39

Colgate(2009-10)


32/60

Q1 Q2 Q3 Q4

INCOME

Net sales 528.82 551.77 558.2 581.77

Other Income 20.9 17.51 18.44 19.45

Total Income 549.72 569.28 576.64 601.22

EXPENDITURE

Change in stock -2.25 2.91 -17.5 -13.01

Consumption of 154.19 180.22 187.19 217.92


Employee cost 44.36 53.34 52.36 43.16

Adpro 69.4 78.91 120.59 80.41


Depriciation 7.94 8.4 9.11 8.8

Other exp. 74.08 79.12 85.41 86.26


PBT 157.02 128.76 91.28 142.89

Tax 35.04 28.46 25.04 28.83

PAT 121.98 100.3 66.24 114.06

Colgate(2010-11)


33/60

Q1 Q2 Q3 Q4

INCOMENet sales 188.69 215.76 353.27 280.27

EXPENDITURE

Change in stock 5.97 -21.97 7.97 7.11

Consumption of 45.13 65.95 71.9 68.92


Employee cost 13.84 14.7 15.25 14.13

Adpro 42.96 39.06 71.18 41.22

Finance charges 14.82 2.33 7.41 -3.59

Depriciation 28.49 29.98 30.64 28.41

Transfer from gen -25.52 -25.52 -25.52 -25.53

Other exp. 27.27 38.2 40.47 45.71


PBT 18.36 46.21 93.28 59.22

Tax 2.81 6.9 15.02 10.48

PAT 15.55 39.31 78.26 48.74

Emami(2009-10)


34/60

Q1 Q2 Q3 Q4

INCOMENet sales 241.95 272.38 406.01 354.37

EXPENDITURE

Change in stock 0.07 -31.66 19.34 -16.23

Consumption of m 57.4 86.02 92.28 108.79


Employee cost 16.35 17.13 17.01 23.22

Adpro 54.41 48.86 79.12 48.11

Finance charges -1.27 -3.21 -2.04 -4.65

Depriciation 29.15 29.48 29.33 28.13

Transfer from gen -25.52 -25.52 -25.52 -25.53

Other exp. 36.73 38.46 42.89 59.37


PBT 39.00 62.70 104.19 63.42

Tax 3.75 9.16 18.64 8.86

PAT 35.25 53.54 85.55 54.56

Emami(2010-11)


35/60

Q1 Q2 Q3 Q4

INCOMENet sales 731.24 858.51 881.39

Other Income 2.62 4.23 4.23

Total Income 733.86 862.74 885.62 0

EXPENDITURE

Change in stock 2.69 -27.98 -1.18

Consumption of 387.61 472.81 477.28

Purchase of trade 54.19 73.82 89.62

Employee cost 24.1 25.52 25.49

Adpro 51.53 71.23 70.51

Finance charges 0.82 0.88 0.81

Depriciation 9.12 9.35 9.49

Conversion&othe 62.5 73.1 76.03

Other exp. 76.03 87.85 98.62

Total Expenditure 668.59 786.58 846.67 0

PBT 65.27 76.16 38.95 0

Tax 10.92 10.11 2.87

PAT 54.35 66.05 36.08 0

Britannia(2009-10)


36/60

Q1 Q2 Q3 Q4

INCOMENet sales 912.83 1094.77 1079.97


Total Income 915.8 1097.53 1082.86 0

EXPENDITURE

Change in stock 16.18 -40.51 -3.22

Consumption of 497.75 642.54 611.6

Purchase of trade 82.76 119.11 110.17

Employee cost 25.85 29.25 29.49

Adpro 68.35 77.37 74.49

Finance charges 9.4 9.7 9.57

Depriciation 9.96 10.34 10.58

Conversion&othe 73.15 91.24 81.31

Other exp. 88.18 113.17 108.08

Total Expenditure 871.58 1052.21 1032.07 0

PBT 44.22 45.32 50.79 0

Tax 11.39 12.15 13.45

PAT 32.83 33.17 37.34 0


37/60

Q1 Q2 Q3 Q4

INCOMENet sales 438.85 575.59 517.57 509.19


Total Income 439.62 576.23 518.37 509.19

EXPENDITURE

Change in stock 11.26 -19.79 -16.48 -15.44

Consumption of 147.40 213.84 204.37 183.42


Employee cost 37.33 57.62 60.08 32.65

Adpro 43.31 50.94 43.29 34.53


Depriciation 5.19 6.76 5.59 6.06

Other exp. 69.60 83.66 66.84 107.72


Profit from Opera 78.23 103.2 94.61 98.76

Other income 9.37 12.94 10.27 12.22

PBT 87.6 116.14 104.88 110.98

Tax 17.92 23.44 19.76 19.22

PAT 69.68 92.70 85.12 91.76

Godrej(2009-10)


38/60

Q1 Q2 Q3 Q4

INCOMENet sales 643.09 952.76 980.40 999.50

Other Income 2.19 11.97 5.40 7.36

Total Income 645.28 964.73 985.80 1006.86

EXPENDITURE

Change in stock 9.51 -17.39 -29.41 -3.91

Consumption of 255.19 392.45 429.06 409.30


Employee cost 43.88 80.36 83.13 71.94

Adpro 65.06 97.95 105.8 74.34

Finance charges 10.48 8.89 13.29 19.15

Depriciation 8.40 15.45 13.51 13.27

Other exp. 98.24 143.58 149.87 214.94


Profit from Opera 102.44 156.62 146.41 152.69

Other income 8.4 7.43 0.88 28.67

Profit before exce 110.84 164.05 147.29 181.36

Exceptional items 40.31 0.81 0.02 0

PBT 151.15 164.86 147.31 181.36

Tax 34.76 33.81 28.49 39.68PAT 116.39 131.05 118.82 141.68

Godrej(2010-11)


39/60

Q1 Q2 Q3 Q4

INCOMENet sales 538.96 469.37 495.06 418.12

Other Income 14.74 16.81 15.21 15.3

Total Income 553.7 486.18 510.27 433.42

EXPENDITURE

Change in stock 33.63 -4.43 8.32 -51.35

Consumption of m 172.02 162.67 159.16 168.72


Employee cost 49.75 52.34 51.27 47.34

Adpro 60.57 74.69 80.72 86.11


Depriciation 10.61 10.53 10.5 10.38

Other exp. 85.28 89.49 91.83 100.28


PBT 132.37 85.85 88.35 47.29

Tax 48.48 30.66 28.33 13.61

PAT 83.89 55.19 60.02 33.68

GSK(2009)


40/60

Q1 Q2 Q3 Q4

INCOMENet sales 648.43 537.35 612.58 507.76

Other Income 15.61 15.15 20.44 16.43

Total Income 664.04 552.5 633.02 524.19

EXPENDITURE

Change in stock 49.52 -12.02 -13.34 -53.96

Consumption of 185.54 193.47 202.4 196.93


Employee cost 51.63 58.89 58.25 60.89

Adpro 98.24 74.85 107.71 89.83


Depriciation 9.57 9.28 9.96 10.9

Other exp. 101.42 98.8 110.68 103.54


PBT 146.49 107.55 117.78 79.98

Tax 50.33 35.8 39.21 26.61

PAT 96.16 71.75 78.57 53.37

GSK(2010)


41/60

Q1 Q2 Q3 Q4

INCOMENet sales 696.72 692.20 505.39 602.25

EXPENDITURE

Change in stock 12.90 -14.24 16.60 -31.7

Consumption of m 336.72 339.95 234.97 292.34


Employee cost 48.75 50.30 25.70 43.66

Adpro 84.36 92.76 53.50 89.24


Depriciation 9.54 18.24 5.28 15.7

Other exp. 112.84 122.21 75.38 114.52


PBT& EI 81.07 75.70 76.19 69.49

EI -4.05 0.00 0.00 -5.73

PBT 77.02 75.70 76.19 63.76

Tax 21.02 13.26 14.88 11.72

PAT 56.00 62.44 61.31 52.04

Marico(2009-10)


42/60

Q1 Q2 Q3 Q4

INCOMENet sales 790.14 778.76 610.54 747.35

EXPENDITURE

Change in stock 14.79 -2.33 5.32 -126.82

Consumption of 384.67 388.36 323.14 516.6


Employee cost 54.04 58.19 26.73 62.53

Adpro 93.79 94.88 59.23 67.19

Finance charges 7.00 6.46 4.66 18.16

Depriciation 12.04 13.95 7.43 30.17

Other exp. 129.08 131.34 89.97 133.57


PBT& EI 90.89 86.00 62.95 39.88

EI 0.00 0.00 0.00 75.51

PBT 90.89 86.00 62.95 115.39

Tax 16.17 12.63 6.62 42.83

PAT 74.72 73.37 56.33 72.56

Marico(2010-11)


43/60

Key Financia


44/60

Ratios


45/60

Dabur

Mar'06 Mar'07 Mar'08 Mar'09 Mar'10

Investment Valuation Ratios

Dividend Per Share 2.5 1.75 1.5 1.75 2

Operating Profit Per Share 4.2 3.53 4.51 5.1 6.34

Profitability Ratios

Operating Profit Margin 17.9 17.45 18.6 18.33 19.17

Gross Profit Margin 17.74 17.49 17.37 17.19 18.06

Net Profit Margin 14.04 14.41 15.06 15.44 15.03

Return On Capital Employed 46.69 66.07 67.51 47.98 61.62

Return On Net Worth 42.22 62.52 61.58 51.2 58.04

Liquidity And Solvency Ratios

Current Ratio 0.82 0.97 0.91 1.19 0.93

Quick Ratio 0.52 0.63 0.58 0.99 0.68

Debt Equity Ratio 0.05 0.05 0.03 0.19 0.14

Debt Coverage Ratios

Interest Cover 70.12 140.69 46.79 38.34 52.35

Total Debt To Owners Fund 0.05 0.05 0.03 0.19 0.14

Management Efficiency Ratios

Inventory Turnover Ratio 11.65 11.11 12.52 10.94 11.31

Debtors Turnover Ratio 35.3 39.7 25.94 22.63 23.62

Asset Turnover Ratio 4.24 4.5 4.67 4.84 4.31

Average Raw Material Holding 48.08 40.91 45.68 45.18 52.96

Average Finished Goods Held 23.07 22.21 20.13 21.28 22.08

Number of Days In Working Capit -10.28 3.82 -5.8 41.32 3.76

Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit 60.49 55.24 47.86 47.41 46.86


46/60

Earnings Per Share 3.3 2.92 3.67 4.32 4.99

HUL

Dec'05 Dec'06 Dec'07 Mar'09 Mar'10


Dividend Per Share 5 6 9 7.5 6.5

Operating Profit Per Share(Rs) 7.19 8.18 9.54 13.6 12.82


Operating Profit Margin(%) 14.14 14.74 14.95 14.46 15.74

Gross Profit Margin(%) 15.03 15.8 15.86 13.5 14.7

Net Profit Margin(%) 12.42 14.94 12.58 12.09 12.29

Return on capital employed(%) 67.66 65.89 138.72 118.59 106.78

Return on Net worth(%) 61.09 68.14 122.97 121.34 85.25

Liquidity And Solvency Ratio

Current Ratio 0.7 0.73 0.68 0.92 0.84

Quick Ratio 0.33 0.34 0.25 0.51 0.46

Debt Equity Ratio 0.02 0.03 0.06 0.2 --

Debt Coverage RatioInterest Cover 83.27 171.62 83.09 116.28 395.13

Total Debt To Owners Fund 0.02 0.03 0.06 0.2 --







Number of Days In Working Capit -40.83 -36.37 -42.05 1.58 -22.62





47/60

NESTLE

Dec'05 Dec'06 Dec'07 Dec'08 Dec'09


Dividend Per Share 25 25.5 33 42.5 48.5






Return On Capital Employed(%) 127.18 120.01 150.33 163.97 160.29

Return On Net Worth(%) 87.42 81.03 98.9 112.83 112.68


Current Ratio 0.66 0.67 0.66 0.66 0.6

Quick Ratio 0.28 0.31 0.23 0.29 0.24

Debt Equity Ratio 0.04 0.04 0.01 -- --


Interest Cover 2,208.29 1,103.09 741.2 473.22 666.25

Total Debt To Owners Fund 0.04 0.04 0.01 0 --







Number of Days In Working Capit -33.83 -32.26 -35.85 -35.17 -41.86





48/60

COLGATE



Dividend Per Share 7.5 9.5 13 15 20



Operating Profit Margin(%) 17.98 18.79 18.09 18.79 --

Gross Profit Margin(%) 19.21 20.08 16.78 17.47 --

Net Profit Margin(%) 11.79 11.82 15 16.21 20.7

Return On Capital Employed(%) 70.17 90.52 167.88 156.03 --

Return On Net Worth(%) 50.76 57.1 142.84 134.17 --


Current Ratio 0.88 0.91 0.81 1.01 1.1

Quick Ratio 0.63 0.63 0.59 0.8 0.84



Interest Cover 329.75 262.98 195.25 313.44 --



Inventory Turnover Ratio 15.68 16.87 22.26 23 --


Total Assets Turnover Ratio 4.89 5.46 12.05 9.72 --



Number of Days In Working Capit -13.18 -10.96 -24.81 0.83 10.11





49/60

GODREJ



Dividend Per Share 5 1 1.25 1.25 1.5

Operating Profit Per Share(Rs) 10.42 0.79 2.57 -0.92 0.42


Operating Profit Margin(%) 6.82 3.49 11.31 -3.63 1.64

Gross Profit Margin(%) 3.78 -0.2 7.8 -6.89 -1.84

Net Profit Margin(%) 9.16 10.68 14 2.09 9.22




Current Ratio 0.8 0.72 1.18 0.67 0.69

Quick Ratio 0.58 0.75 1.6 1.31 0.93



Interest Cover 3 1.95 2.73 0.44 0.94


Management Efficiency RatiosInventory Turnover Ratio 7.46 5.05 4.39 10.89 6.97





Number of Days In Working Capit 9.22 49.2 216.85 83.11 54.99




MARICO


50/60



Dividend Per Share 6.2 0.66 0.66 0.66 0.66Operating Profit Per Share(Rs) 23.25 3.11 3.43 4.42 5.47








Current Ratio 1.65 0.9 1.33 1.28 1.17

Quick Ratio 1.19 0.55 1.07 1.25 1.23



Interest Cover 29.88 10.21 12.08 10.08 21.49




Debtors Turnover Ratio 24.62 30.24 37.99 37.42 25.73Asset Turnover Ratio 6.19 7.68 8.17 8.58 7.88







EMAMI


51/60



Dividend Per Share 2 4 4.5 4.5 6









Current Ratio 1.87 1.71 2.25 0.72 1.33

Quick Ratio 1.89 1.72 1.84 0.83 1.93



Interest Cover 36.08 70.55 20.08 4.24 2.86



Inventory Turnover Ratio 8.35 12.86 14.81 10.2 13





Number of Days In Working Capit 92.28 65 80.14 23.4 89




BRITANNIA


52/60



Dividend Per Share 15 15 18 40 25









Current Ratio 1.07 1.17 1.22 1.27 1.08

Quick Ratio 0.47 0.52 0.68 0.65 0.5



Interest Cover 90.1 21.98 35.49 18.38 48.28













53/60

Dividend/Total no. of outstanding shares

Operating profit/Total no. of shares

Operating Income/Net sales

Net sales-COGS/Net sales

Net profit/Net sales

EBIT/Capital employed

Net income/Avg. Shareholders Equity

Current assets/Current liabilities

Current assets-(Stock+prepayments)/Current liab

Debt/Avg. shareholders equity

Net income/Annual interest expense

Debt/Owners fund

COGS/Avg. Inventory

Net credit sales/Avg. debtors

Net sales/Total assets

Avg.Stock of RM/Avg.cost of consumption per day

Avg.Stock of FG/Avg.cost of goods sold per day

Avg.working capitalx365/annual sales

Dividend/EPS


54/60

Net earnings/No. of shares












Debt/Owners fund

COGS/Avg. Inventory






Dividend/EPS



55/60












Debt/Owners fund

COGS/Avg. Inventory






Dividend/EPS



56/60












Debt/Owners fund

COGS/Avg. Inventory






Dividend/EPS



57/60












Debt/Owners fund

COGS/Avg. Inventory






Dividend/EPS



58/60

Dividend/Total no. of outstanding sharesOperating profit/Total no. of shares










Debt/Owners fund

COGS/Avg. Inventory

Net credit sales/Avg. debtorsNet sales/Total assets




Dividend/EPS



59/60












Debt/Owners fund

COGS/Avg. Inventory






Dividend/EPS



60/60












Debt/Owners fund

COGS/Avg. Inventory






Dividend/EPS


Documents

Project Dabur