Godrej Consumer Products (GODREJCP) Q4 07/08 earnings summary

Executive summary

• FY07/08 consolidated sales rose 16% to ₹1,102.6 crore; net profit after extraordinary items increased 11% to ₹159.2 crore and EPS rose 15% to ₹7.05.

• PBDIT increased 20% to ₹218.5 crore, supported by growth in soaps, hair colour and toiletries, alongside international acquisitions and new product launches.

Financial highlights

• Consolidated total income was ₹1,106.6 crore versus ₹954.2 crore; PBIT was ₹200.3 crore versus ₹168.1 crore and PBT was ₹187.5 crore versus ₹158.5 crore.

• Consolidated PAT was ₹159.2 crore, up 10.5%; reported net profit after extraordinary items rose from ₹144 crore to ₹159.2 crore.

• Standalone sales, net of excise, grew 17% to ₹887.6 crore; standalone PAT was ₹148.1 crore versus ₹117.2 crore before prior-year tax adjustments.

Outlook and guidance

• FY08-09 outlook described as strong, with low product penetration, rising disposable incomes and consumer spending supporting growth opportunities.

• Growth plans emphasize innovation, improved offerings, new categories and domestic and international expansion, including synergies from overseas acquisitions.

• Management planned further domestic and international acquisitions to expand scale and sustain growth.