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Quarterly Update: Q2 2009-10

Quarterly Update: Q2 2009-10. Soaps. Hair Colours. Liquid Detergents. Toiletries. Household Insecticides & Others. International Operations. Contents. Performance Highlights - Consolidated Business Review - Domestic GCPL Financials & Ratios - Stand Alone International Operations.

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Quarterly Update: Q2 2009-10

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  1. Quarterly Update: Q2 2009-10 Soaps Hair Colours Liquid Detergents Toiletries Household Insecticides & Others International Operations

  2. Contents • Performance Highlights - Consolidated • Business Review - Domestic • GCPL Financials & Ratios - Stand Alone • International Operations

  3. Performance Highlights – Q2 2009-10 • Acquisition of 49% stake in Godrej Sara Lee Limited (GSLL) completed • Topline growth of 65% after consolidation of Rs.139.7 crore of GSLL sales: • Strong growth in GCPL domestic business at 27% • International business grew at 22% despite recession • PBDIT margins improve by 800 bps • Consolidated PAT improves significantly to Rs.93 crore with 168% growth • Significant increase in soap market share from 9.6% in exit FY09 to 10.9% in September 2009 • Highest ever soap market share for GCPL • Hair Colour market share for September 2009 is 34.7% as against 33.7% in March 2009

  4. Financial Highlights - Consolidated 65% 43% 163% 109% 172% 123% 168% 120%

  5. Financial Highlights - Consolidated 124% 89%

  6. Ratios - Consolidated • Quarterly PBDIT margin improves by 800 bps • Increased A&P spends towards brand building initiatives - A&P increased by 109% to Rs.50.9 crore as compared to Rs.24.4 crore in Q2 0809. • Tax rate higher on account of higher MAT rate on domestic operations

  7. Q2 FY 09-10 Sales Mix (Consolidated) * HI – Household Insecticides

  8. Business Review - Domestic Q2 FY 2009-10

  9. Q2 FY 2009-10 Scenario: Domestic • Industry Scenario • FMCG sector growth continues to be strong • Vegetable oil prices are at lower levels as compared to FY 0809. • Rupee strengthened versus the USD in Q2 2009-10 • GCPL Performance *Off take in value terms @ MRP

  10. Q2 Highlights • Soaps • Significant increase in market share; market share for Sep 2009 is 10.9% as against 9.6% in March 2009 • Highest ever soap market share for GCPL • Cinthol Regular launched in a small pack at Rs.6 • Godrej No.1 crosses Rs.500 crore to strengthen its position as India’s third largest soap brand • Godrej No.1 attained leadership in value market share in North in August 2009 • Godrej No.1 attained leadership in volume & value market share in Uttar Pradesh, Punjab, Haryana ,Uttarnachal and Himachal Pradesh • Godrej No.1 attained leadership in volume market share in Delhi and Gujarat . • Hair Colours • Market share for Sep 2009 is 34.7% as against 33.7% in March 2009

  11. Soaps – Industry Growth & GCPL Growth

  12. Hair Colour – Industry Growth & GCPL Growth

  13. GCPL Market Share Value Trend - Total Hair Colours Soaps

  14. GCPL Market Share Value Trend - Rural Hair Colours Soaps

  15. Key Q2 Initiatives • Focused approach to brand portfolio • Significant increase in rural reach • Strong innovations in both soap & hair colour • Substantial increase in brand investment • Strong cost effectiveness & productivity improvement program • Building a “brighter” organization to drive growth

  16. Events / Recognitions • ICRA has reaffirmed LAA (pronounced L double A) rating to the Rs.60 million Fund Based Limits and Rs.100 million Non Fund Based Limits of Godrej Consumer Products Limited (GCPL). This is a high-credit-quality rating assigned by ICRA to long term debt instruments. The rated instrument carries low credit risk. • ICRA has also reaffirmed the A1+ (pronounced A one plus) rating assigned to Rs. 240 million secured Short Term Fund based, Rs. 1,600 million secured Short Term Non-Fund based bank facilities and Rs. 200 million Short Term Debt (including Commercial Paper Programme) of GCPL. • ICRA has also reaffirmed the A1+ rating assigned to Rs. 1,115 million unsecured Short Term Fund based and Rs. 1,300 million unsecured Short Term Non-Fund based bank facilities of GCPL. • The rating of A1+ is the highest-credit-quality rating assigned by ICRA to short-term debt instruments. Instruments rated in this category carry the lowest credit risk in the short-term.

  17. Godrej Sara Lee Limited (GSLL) - In May 2009, the Board of directors of Godrej Consumer Products approved the proposed acquisition of 49% stake in Godrej Sara Lee Limited * Consolidated results of Godrej Consumer Products Limited include the appropriate share of the results of Godrej Sara Lee Limited w.e.f June 1, 2009. Date of Acquisition of 49% stake: 01-Jun-2009

  18. Financials & Ratios GCPL Standalone

  19. Financial Highlights - Standalone 27% 107% 91% 25% 115% 100% 112% 94%

  20. Q2 FY 09-10 Sales Mix (Standalone)

  21. Dividend – Q2 FY 09-10 • Q2 Dividend announced

  22. Balance Sheet (Standalone)

  23. Net Working Capital

  24. Funds Flow (Standalone)

  25. Cost Structure (Standalone)

  26. Ratios - Standalone

  27. Godrej Global Mid-East FZE Kinky Group Proprietary Ltd. International Operations

  28. Key Highlights of International Operations • Despite recession and tough operating conditions, international business grew by 22% (in Rupee terms) • South Africa businesses witnessed robust growth: • Rapidol grew by 25% (in ZAR) • Kinky grew by 31% (in ZAR) • UK business (Keyline Brands) grew by 19% (in GBP)

  29. Kinky Group (Pty) Limited - Performance* Date of Acquisition: 01-Apr-2008 * Includes the results of Godrej Consumer Products Mauritius Limited (Mauritius) and its subsidiaries Godrej Kinky Holdings Limited (Mauritius) and Kinky Group (Proprietary) Limited (South Africa) • Kinky Business grew at 31% (in Foreign Currency) over Q2 FY 2008-09

  30. Keyline Brands Limited – Performance* Date of Acquisition: 31-Oct-2005 • Business grew at 18.6% (in Foreign Currency) despite recession in the UK economy • Cuticura brand grown by 2.3 times in Apr-Sept’ period with most growth coming from Hand Hygiene segment • Cuticura Hand Hygiene Gel regains clear volume market leadership to become the top brand end beginning July’ 09 * Includes the results of Godrej Netherlands BV (Netherlands) and its subsidiaries, Godrej Consumer Products (UK) Limited - (UK), Keyline Brands Limited - (UK) & Inecto Manufacturing Limited - (UK)

  31. Rapidol Pty Ltd – Performance Date of Acquisition: 01-Sep-2006 • Business grew at 25.4% (in Foreign Currency) over Q2 FY 2008-09

  32. Godrej Global Mid-East – Performance Date of Acquisition: 01-Oct-2007 • Business grew at 34.4% (in Foreign Currency) over Q2 FY 2008-09 • Godrej Expert Colors launched in UAE

  33. Thank You

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