Q1 prstn - 2008-09 - final (2972008)...** Q1 2008-09 EPS calculated including 2,79,06,950 equity shares issued to QIBs in Nov. 2007 Q1 08-09 ∆ Q1 07-08 Total Income 841 25% 675 Total

Godrej Industries LimitedQ1 2008-09 Performance Update 1/23

Performance Update

Q1 2008 - 0929th July 2008

Industries Limited


Contents

• Performance Highlights

• Share price trend

• Corporate and Business Highlights

• Investments

• Performance highlights – Subsidiaries, JVs and Associates

• Key Financials


Amts in Rs. CroreAmts in Rs. Crore

Performance Highlights Q1 2008-09

* Including exceptional items but excl. prior period and extraordinary items

** Q1 2008-09 EPS calculated including 2,79,06,950 equity shares issued to QIBs in Nov. 2007

Q108-09

∆ Q1 07-08

Total Income 841 25% 675

Total Expenses 771 642

PBDIT 70 114% 33

PBT * 64 101% 32

Net profit 53 69% 31

EPS** (Rs.) 6.6 54% 4.3

(Consolidated)(Consolidated)


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500

1,000

1,500

2,000

2,500

Ap

r-05

Jun

-05

Aug

-05

Oct

-05

Dec-

05

Mar

-06

May-

06

Jul-

06

Sep

-06

No

v-06

Jan

-07

Mar

-07

May-

07

Jul-

07

Sep

-07

No

v-07

Jan

-08

Mar

-08

May-

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Months

GIL SHARE PRICE TREND V/S. BSE SENSEX

GIL CL. PRICESENSEX

Share Price TrendShare Price Trend

Both BSE Sensex and GIL share price are indexed to 100 at the beginning of the Financial Year 2005.

GIL

BSE Sensex


Corporate & Business Highlights


Godrej’s New Brand Identity InitiativeGroup marketing and branding strategy to enhance strategic focus on Consumers and BrandsGodrej worked with Interbrand, world’s leading branding consultants, to study Godrej brands across employees, consumers, investors and business partners and redefine its approach to harnessing the brand’s intrinsic strengths

• New Corporate identity unveiled recently. Each Godrej color connotes:

• Green : Growth, harmony with nature and renewed life

• Blue : Big ideas, blue sky thinking, technology and innovation

• Ruby : Passion, indulgence, energy and dynamism

•Creating a contemporary and aspirational lifestyle brand by repositioning the Master Brand around the promise of BRIGHTER LIVING

•The initial phase of the initiative will build the Godrej Master Brand in tandem with the four businesses of personal grooming, furniture, property and aerospace.


Other Highlights

• GIL has been accredited with ISO 27001 for its Information Security Management System by M/s. BSI, a global certifying agency.

• ICRA has assigned credit ratings for Commercial Paper, Lines of Credit (LOC) as under:

– Commercial Paper : A1+ (limits enhanced to Rs. 100 cr.)(highest-credit-quality carrying lowest credit risk)

– Short Term LOC : A1+– Long Term LOC : LAA(Short term and long term LOC ratings indicate high-credit-quality carrying

low credit risk).


Other Highlights

• Corporate Social ResponsibilityIn keeping the group’s endeavour to build socially responsible sustainable businesses, GIL has signed the CII code for Ecologically sustainable business growth by committing to save natural resources and protecting the environment in pursuit of business growth.

• Sale of Godrej Global Solutions Limited (BPO in healthcare, finance and accounting) to Tricom India Limited


GIL

CHEMICALS ANIMAL FEEDs VEGOILSESTATE &

PROPERTY DEVELOPMENT

100%

867 cr.

HOUSHOLD

INSECTCIDESBEVERAGES &

FOODSFINANCE &

INVESTMENTS OTHERS

Businesses - Q1 (2008-09) Revenue (Consolidated)

25%

213 cr.

29%

250 cr.

12%

108 cr.

17%

149 cr.

4%

37 cr.

7%

62 cr.

5%

41 cr.

1%

7 cr.


Business Highlights

GIL’s Chemicals Business• Market leader in India in Oleo-chemicals and Surfactants

• Revenue growth of 40% (Q1 2008 – 09 : Rs. 213 cr.; Q1 2007 – 08 : Rs. 152 cr.)

• PBIT growth of 41% (Q1 2008 – 09 : Rs. 9cr.; Q1 2007 – 08 – Rs. 7 cr.)

• Export turnover:

– accounted for 48% of the division’s turnover

– export sales grew 56% in Q1 2008-09

– exporting to more than 60 countries across the globe

• Business results for the quarter impacted by scheduled maintenance shut down expenditure, forex fluctuation, high raw material and energy costs.


GIL’s investments as on 30.6.2008Company Business At Cost

(Rs. Cr.)%

HoldingGodrej Consumer Products Ltd.

FMCG personal and household care products

446 20.0%

Godrej Agrovet Ltd. Animal Feeds, Agri Inputs, Poultry, oil palm & rural retailing

164 75.2%

Godrej Properties Ltd. Real Estate & Property Dev. 188 81.4%Godrej Sara Lee Ltd. Household Insecticides 47 20.0%Godrej Hershey Ltd. Foods & Beverages 143 43.0%Godrej International Ltd. International Trading 17 100.0%CBay / Compass/ Avesthagen, etc.

BPO , Biotech 109

Total 1114


Performance HighlightsMajor Subsidiaries, JVs and Associates


Godrej Consumer Products( FMCG – personal and household care)• Consolidated sales revenue higher by 26% at Rs. 362cr. in Q1 2008-09. • Q1 2008-09 consolidated PBT up by 9% at Rs. 49cr.• EPS (not annualised) – Rs. 1.6 in Q1 2008-09.• Interim Dividend – 75%.• Continues to be second largest toilet soap manufacturer in India. • Soaps sales grew by 13%.• New Products launched during the quarter :

– Cinthol soap relaunched with a new range of soaps, talc and deo spray– Keyline brands relaunched Riemann range of Perspirex products

• ICRA upgraded Stakeholder Value & Governance Practices rating from SVG2+ to SVG1.

– This rating indicates that the company belongs to the Highest category on the composite parameters of stakeholder value creation and management, as also corporate governance practices.


Godrej Consumer Products… contd..• ICRA reaffirmed the CGR2+ rating to the corporate governance

practices of GCPL.• Rights issue completed during the quarter :

– One equity share of face value Re. 1 each issued for every 7 equity shares of face value Re. 1 each held.

– The issue was priced at Rs. 123/- per equity share of face value of Re. 1 at a premium of Rs. 122 per share.


Godrej Agrovet(Animal Feeds, Agri Inputs, Poultry, Oil palm & rural retailing)• Q1 2008-09 revenue growth of 11%

• The Company formed a joint venture with Tyson Foods, world’s largest meat processor and marketer.

– Tyson Foods would own 51% in the JV and 49% will be held by Godrej

– Focus on serving the growing demand for quality poultry in India with processed and value added chicken products.

• Eight “Nature’s Basket” outlets in operation – Wine tasting sessions in the presence of wine experts were conducted.

– During the quarter, “Health and wellness Camping” initiative was conducted to promote food with greater health benefits


Godrej Properties(Real Estate & Property Development)

Godrej Properties has filed a Draft Red Herring Prospectus with SEBI to take forward its plan for an IPO in the near future.

In view of regulatory restrictions, no business / financial performance updates can be provided at this time.


Godrej Sara Lee (Household Insecticides, Hair care, Air care, Shoe care & Surface care)

• Major Brands - Goodknight, Jet and Hit under household insecticides, Ambi Pur range in Air Care segment, Brylcreem under Hair Care segment, Kiwi under Shoe Care, Kiwi Kleen under Surface Care.

• Market leader in Household Insecticides.• Q1 2008-09 – revenue growth of 33%• Q1 2008-09 – PAT growth of 87%


Godrej Hershey Limited(Foods, Beverages, confectionery businesses)• Products sold under brands Jumpin, Sofit, Xs, Cooklite, Godrej Tea &

under Nutrine confectionery brand like Mahalacto, Aasay, Superstar, Aamras, Gulkand

• Q1 2008-09 – revenue growth of 18%• Sofit sales grew by 82% • Xs / Jumpin Beverages sales increased by 45%• Nutrine Confectionery sales increased by 28%• Restructured sales force, focused retailing efforts and trade marketing

inputs contributed to top-line growth.• New initiatives/products launched during the quarter

– ramped up the sales of Health drink Hershey Milkmix, Sofit and new mix of Nutrine Eclairs.

– Launched ‘Back to School’ confectionery gift packs and lower price point trade packs.

Godrej Industries LimitedQ1 2008-09 Performance Update 19/2319/30

Key Financials


Summarised Profit & Loss Account(Consolidated)

Q1Q10808--0909

∆ Q1Q10707--0808

Total Income 841 25% 675

Expenditure 771 642

PBDIT 70 114% 33

Depreciation 11 12Interest 21 20PBT* 64 101% 32

PAT 53 69% 31

* Including exceptional items but excluding prior period & extraordinary items.

Amounts in Rs. Crore


Balance Sheet(Consolidated)

Liabilities Assets30-06-08 31-03-08 30-06-08 31.03.08

Capital* 145 131 Net Fixed Assets** 1015 1055

Reserves 1379 1323 Investments 580 218

Debt 1244 1050 Net Current Assets 1154 918

Def. Tax Liability 50 52 Cash & Bank bals. 69 365

Total 2818 2556 Total 2818 2556

Amounts in Rs. Crore

* - Capital includes Minority Interest

** - Net Fixed Assets includes Goodwill on Consolidation


Key Ratios(Consolidated)

* On Average Capital Employed

** Incl. exceptional items but excl. prior period and extraordinary items

Q108-09

Q107-08

PBDIT / Income 8.4% 4.9%

PBT **/ Income 7.6% 4.7%

PAT / Income 6.3% 4.6%

ROCE* 12.7% 14.4%


Thank You

Some of the statements in this communication may be 'forward looking statements' within the meaning of applicable laws and regulations. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company's operations include changes in industry structure, significant changes in political and economic environment in India and overseas, tax laws, import duties, litigation and labour relations.

Documents

Q1 prstn - 2008-09 - final (2972008)...** Q1 2008-09 EPS calculated including 2,79,06,950 equity shares issued to QIBs in Nov. 2007 Q1 08-09 ∆ Q1 07-08 Total Income 841 25% 675 Total