cu'wj.- · their consumption. recently launched godrej expert easy 5 minute shampoo hair...
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Dated: February 13, 2020
To,
BSEUmited P. J. Towers, Dalal Street, Fort
Mumbai - 400001
Ref.: BSE Scrip Code No. "500164"
Sub.: Performance Update
To,
Godre] Industries Limited Regd. Office: Godrej One, Pirojshanagar, Eastem Express Highway, Vikhroll (E), Mumbai 400079. India. Tel.: 91-22-2518 8010/8020/8030 Fax: 91-22-2518 8068/8063/8074 Website: www.godrejindustrles.com
CIN: L24241MH1988PLC097781
National Stock Exchange of India Umited Exchange Plaza, Bandra - Kurla Complex, Bandra (East), Mumbai-400 051
Ref.: "GODREJIND"
The Board of Directors at its Meeting held today, i.e. on February 13, 2020 has approved the Unaudited Financial Results (Standalone and Consolidated) for the Quarter and Nine months ended December 31,2019. We enclose herewith the performance update of the Financial Results.
Kindly take the same on your record.
Thanking you,
Yours sincerely,
Fo Godrej Industries limited
Cu'wJ.-ja' Jariwaia
Company Secretary & Compliance Officer (FCS9817)
Encl.: A/a
1 I Godrej Industries Limited I Q3 FY 2019-20 | Performance Update | Feb13,2020
GODREJ INDUSTRIES LIMITED
Performance Update – Q3 & 9MFY 2019-20
FEB13, 2020
2 I Godrej Industries Limited I Q3 FY 2019-20 | Performance Update | Feb13,2020
“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.”
DISCLAIMER
3 I Godrej Industries Limited I Q3 FY 2019-20 | Performance Update | Feb13,2020
PRESENTATION FLOW
• Results
• Financial Highlights – Consolidated
• Segment Performance
• Business Performance
• Performance highlights including Subsidiaries and Associates
• Other information
4 I Godrej Industries Limited I Q3 FY 2019-20 | Performance Update | Feb13,2020
FINANCIAL HIGHLIGHTS – CONSOLIDATED
5 I Godrej Industries Limited I Q3 FY 2019-20 | Performance Update | Feb13,2020
FINANCIAL HIGHLIGHTS - CONSOLIDATED
* Including share of profit in associates ;
# With share of profit in associate companies, post reduction of non-controlling interest.
Particulars
(` crore)
Q3
FY
2019-20
Q3
FY
2018-19
%
Growth
9M
FY
2019-20
9M
FY
2018-19
%
Growth
Total Income 2,855 2,609 9% 8,873 8,482 5%
PBDIT * 396 300 32% 1,419 1,051 35%
Depreciation 59 41 - 173 121 -
PBIT* 337 259 30% 1,246 931 34%
Interest 120 119 - 374 373 -
Net Profit *# 113 77 45% 526 292 80%
6 I Godrej Industries Limited I Q3 FY 2019-20 | Performance Update | Feb13,2020
CONSOLIDATED RESULTS – SEGMENT PERFORMANCE
7 I Godrej Industries Limited I Q3 FY 2019-20 | Performance Update | Feb13,2020
SEGMENT-WISE CONTRIBUTION TO FINANCIALS:
Q3 FY 2019-20
Revenue * (` crore)
*excluding others segment.
PBIT * (` crore)
405
1,013
286
218
358
533
51
35
33
-
38
52
170
10
8 I Godrej Industries Limited I Q3 FY 2019-20 | Performance Update | Feb13,2020
SEGMENT-WISE CONTRIBUTION TO FINANCIALS:
9M FY 2019-20
Revenue * (` crore)
*excluding others segment.
PBIT * (` crore)
1,214
2,837
913
846
946
1,670
253 102
119
6
183
95
520
22
9 I Godrej Industries Limited I Q3 FY 2019-20 | Performance Update | Feb13,2020
BUSINESS PERFORMANCE: Performance Highlights
incl. subsidiaries, JVs and Associates
10 I Godrej Industries Limited I Q3 FY 2019-20 | Performance Update | Feb13,2020
CONSUMER (GCPL)
Business and Financial Highlights for Q3 FY2019-20:
• Consolidated constant currency sales increased by 6% year-on-year.
• Consolidated constant currency EBITDA declined by 2% year-on-year.
• Consolidated net profit (without exceptional items and one-offs) `423 crore.
• Category Review
• Household Insecticides –Household Insecticides continued its recovery, with higher than mid
single digit volume growth resulting in 3% value growth.
• Soaps– Soaps delivered mid single digit volume growth; however price offs and consumer
offers resulted in a sales decline of 4%.
• Hair Colours – Hair Colours delivered a soft performance on the back of general slowdown in
the Hair Colour category due to its discretionary nature of spends and consumers stretching
their consumption. Recently launched Godrej Expert Easy 5 minute shampoo hair colour which
is performing well in South India and has scaled up nationally.
• Declared an interim dividend of 200% (` 2.00 per share).
11 I Godrej Industries Limited I Q3 FY 2019-20 | Performance Update | Feb13,2020
CHEMICALS
Financial Highlights for Q3 & 9M FY 2019-20:
Domestic
` 205 crore
(67%)
• PBIT for 9MFY20 increased by 10% as
compared to 9MFY19
• Exports for the quarter was `120 crore.Glycerin
6%
Surfactant
21%
Fatty Alcohols
31%
Fatty Acid
42%
Product Portfolio Q3 FY 2019-20
` crore Q3 FY
19-20
Q3 FY
18-19
9M
19-20
9M
18-19
Revenue 405 430 1,214 1,259
PBIT 35 33 102 93
• Valia Factory received the “Par-Excellence” Award at the National Convention of Quality Concepts
(NCQC).
• Chemilcals Business has been accredited with one of the world’s most recognized energy management
standard – ISO 50001:2018.
12 I Godrej Industries Limited I Q3 FY 2019-20 | Performance Update | Feb13,2020
REAL ESTATE
Godrej Properties Limited (GPL) - Consolidated Financial Highlights:
Business & Sales Highlights for Q3 FY 2019-20
• Q3FY20 witnessed total booking value of ` 1,189 crore and total booking volume of 1.58 million sq.ft. as
compared to total booking value of ` 1,528 crore and total booking volume of 2.80 million sq.ft in Q3 FY19.
• Added 4 new projects with saleable area of ~12.7 million sq.ft. in Q3FY20
• Received 14 awards in Q3FY20 including ‘Builder of the Year’ at CNBC -AWAAZ. Real Estate Awards.
` crore FY 2019-20 FY 2018-19
Total IncomeQ3 491 473
9M 1,569 1,996
Net Profit after taxQ3 45 42
9M 166 96
13 I Godrej Industries Limited I Q3 FY 2019-20 | Performance Update | Feb13,2020
Godrej Agrovet Limited (GAVL) - Consolidated Financial Highlights
AGRI BUSINESS
Consolidated Total Income for Q3FY20 stood at `1,459, a growth of 23%.
Animal Feed: Registered a volume growth of 8% both in Q3FY20 and 9MFY20 driven by growth in
layer and fish feed segments.
Vegetable Oil: In Q3FY20, the segment reported a revenue and profit growth of 24.2% and 36.6%,
respectively over the corresponding quarter of the previous year.
Crop Protection Business: In Q3FY20, Consolidated revenues and segment profits declined by 5.4%
and 7.5% respectively, over the corresponding quarter of the previous year. The decline was mainly due
to extended monsoon which resulted in delayed sowing and thus impacted sales and profitability.
Dairy: Revenue growth remain modest at 2.7% in Q3FY20 as compared to the corresponding quarter
of the previous year.
Consolidated Q3 & 9M FY20 results include financials of Godrej Tyson Foods Ltd and Godrej Maxximilk Pvt. Ltd which became subsidiaries as on 27th
March,2019, thus the consolidated results for the current quarter are not comparable with previous period results .
` crore FY 2019-20 FY 2018-19
Total IncomeQ3 1,792 1,459
9M 5,367 4,569
PATQ3 51.6 40.9
9M 231.6 215.4
14 I Godrej Industries Limited I Q3 FY 2019-20 | Performance Update | Feb13,2020
OTHER INFORMATION
15 I Godrej Industries Limited I Q3 FY 2019-20 | Performance Update | Feb13,2020
GODREJ INDUSTRIES LIMITED
CORPORATE STRUCTURE
Own Businesses:
Chemicals, Estate Management,
Finance & Investments
Shareholding %
Godrej Properties
48.8%
Godrej Agrovet
58.3%Others
• Other
investments
Godrej Consumer
Products
23.8%
16 I Godrej Industries Limited I Q3 FY 2019-20 | Performance Update | Feb13,2020
SIGNIFICANT APPRECIATION IN INVESTMENT VALUE
Company BusinessHolding
(%)
Investment at cost
(` crore)
Market Value ^ of investment
(` crore)
Godrej Consumer Products (GCPL)
FMCG, Personal and Household Care products
23.8% 1,366 16,628
Godrej Properties (GPL)
Real Estate and Property Development
48.8% 747 12,159
Godrej AgrovetAnimal Feed, Agri-inputs, Poultry, Dairy & Oil Palm
58.3% 357 5,668
Godrej International International Trading 100% 15
Godrej International & Trading
International Trading & Investments
100% 4
Others -- 23
Total 2,512
^ as on Dec 31, 2019
Market Value of GIL’s investment in GCPL + GPL + GAVL increased by ~ ` 1,092 crore (3%) on YoY basis
17 I Godrej Industries Limited I Q3 FY 2019-20 | Performance Update | Feb13,2020
SHAREHOLDING PATTERN AS ON DEC 31, 2019
Major Institutional Investors
Promoter, 61.39%
Godrej Foundation,
13.38%
FII, 11.99%
DII, 7.46%Others, 5.78%
BlackrockBritish Empire
TrustFirst State Indian
Subcontinent Fund
HDFC Life Insurance
J P Morgan
LIC
Others
Vanguard
18 I Godrej Industries Limited I Q3 FY 2019-20 | Performance Update | Feb13,2020
THANK YOU FOR YOUR TIME AND CONSIDERATION