Godrej Consumer Products Limited announces interim dividend of Re.1, Q3 sales increase 29%

Third Interim Dividend - Re 1 per share - 100%
9M FY2007 Sales increase by 39% to Rs 707 crore
Q3 FY2007 Sales increase 29% to Rs. 238 crore
Q3 FY2007 PBDIT up 19%
Toilet soap sales show strong growth momentum
Production of Toilet Soaps in Katha, H.P.commences

Godrej Consumer Products Ltd, a focused FMCG player and one of the fastest growing companies in the sector with a presence in the Soap and Personal Care segments, today announced its unaudited financial results for the third quarter and nine months ended 31 December 2006.

Commenting on the results, Mr. Adi Godrej, Chairman and Managing Director, GCPL, said, "Our business performance during the quarter has been encouraging. All our soap brands continue to enjoy healthy sales growth. The recent price increase in Powder Hair Dye sachets should enable stronger growth from our hair colour category. Our international operations are also gaining momentum. I remain confident of GCPL’s ability to drive growth and expand its presence in the FMCG segment by introducing new products and variants and entering new geographies."

Financial Overview
Q3 FY 2006-07 (October 2006 - December 2006) v/s Q3 FY 2005-06 (October 2005 - December 2005)

• Sales revenue (net of excise) increased by 29% to Rs. 238.0 crore from Rs. 184.1 crore
• Profit Before Depreciation, Interest and Tax (PBDIT) up 19% at Rs. 53.2 crore compared with Rs. 44.7 crore
• PBDIT margins lower at 22% from 24%. This decline was mainly due to increase in input costs. Consequently, the company has increased the prices of its soaps during this quarter.
• Profit Before Tax (PBT) higher by 18% at Rs. 46.4 crore as compared to Rs. 39.3 crore
• PAT increases 11% from Rs. 35.8 crore to Rs. 39.6 crore
• EVA for the period up 6% at Rs. 33.2 crore
• EPS improves to Rs 1.8 from Rs. 1.6 (Not Annualized)
• Capital employed higher by 81% at Rs. 310.5 crore;

• Sales revenue (net of excise) increased by 39% to Rs. 707.5 crore from Rs. 508.2 crore
• Profit Before Depreciation, Interest and Tax (PBDIT) up 25% at Rs. 138.6 crore compared with Rs. 111.2 crore
• PBDIT margins lower at 20% from 22%. This was mainly due to:
• Profit Before Tax (PBT) higher by 23% at Rs. 121.3 crore as compared to Rs. 98.6 crore .
• Net Profit increases 15% from Rs. 90.7 crore to Rs. 104.7 crore
• EVA for the period up 8% at Rs. 87.8 crore
• EPS improves to Rs. 4.6 from Rs. 4.0 (Not Annualized)

Source : Equity Bulls

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