Godrej Consumer Products (GODREJCP) Q4 09/10 earnings summary

Executive summary

• FY 2009-10 consolidated sales rose 47% to ₹2,041.2 crore and net profit increased 97% to ₹339.6 crore, supported by strong domestic operations and international expansion.

• Growth combined new product launches and wider rural distribution with acquisitions and investments across Africa and Asia.

Financial highlights

• Consolidated PBDIT increased 84% to ₹454.6 crore; PBT rose 101% to ₹419.9 crore and PAT rose 97% to ₹339.6 crore.

• Consolidated EPS was ₹11.3 versus ₹6.8 in FY 2008-09; consolidated sales were ₹2,041.2 crore versus ₹1,393.0 crore.

• Standalone net sales grew 17% to ₹1,267.9 crore; standalone PAT was ₹248.1 crore versus ₹161.5 crore, including prior-year tax adjustments.

Outlook and guidance

• FY 2010-11 priorities: accelerate organic and inorganic growth, expand domestic and international reach, and target emerging markets in personal wash, hair care and household insecticides.

• Shareholders authorized raising equity or debt up to ₹3,000 crore to fund expansion, acquisitions, investment, capex, working capital and other corporate purposes.