(` in Crores)
| |
Quarter ended 30.06.2011 |
Quarter ended 30.06.2010 |
Twelve months
ended 31.03.2011 (Audited) |
| GROSS INCOME |
|
8458.77 |
7185.06 |
31423.23 |
| NET SALES |
(1) |
5767.47 |
4823.59 |
21167.58 |
| OTHER OPERATING INCOME |
(2) |
92.71 |
36.66 |
300.67 |
| NET INCOME (1+2) |
(3) |
5860.18 |
4860.25 |
21468.25 |
| EXPENDITURE |
|
|
|
|
| a) (Increase) / decrease in stock-in-trade and work in progress |
|
(118.11) |
(99.78) |
(254.29) |
| b) Consumption of raw materials |
|
1981.94 |
1565.67 |
7000.99 |
| c) Purchase of traded goods |
|
435.40 |
327.03 |
1379.80 |
| d) Employees cost |
|
394.24 |
341.92 |
1159.41 |
| e) Depreciation |
|
166.45 |
159.68 |
655.99 |
| f) Other expenditure |
|
1190.62 |
1081.71 |
4728.23 |
| g) Total |
(4) |
4050.54 |
3376.23 |
14670.13 |
| PROFIT FROM OPERATIONS BEFORE OTHER INCOME AND INTEREST (3-4) |
(5) |
1809.64 |
1484.02 |
6798.12 |
| OTHER INCOME |
(6) |
143.84 |
98.48 |
518.17 |
| PROFIT BEFORE INTEREST (5+6) |
(7) |
1953.48 |
1582.50 |
7316.29 |
| INTEREST (Net) |
(8) |
16.45 |
12.41 |
48.13 |
| PROFIT AFTER INTEREST AND BEFORE TAX (7-8) |
(9) |
1937.03 |
1570.09 |
7268.16 |
| TAX EXPENSE |
(10) |
604.31 |
499.78 |
2280.55 |
| NET PROFIT AFTER TAX (9-10) |
(11) |
1332.72 |
1070.31 |
4987.61 |
| PAID UP EQUITY SHARE CAPITAL |
(12) |
773.81 |
381.82 |
773.81 |
| (Ordinary shares of ` 1/- each) |
|
|
|
|
| RESERVES EXCLUDING REVALUATION RESERVES |
(13) |
- |
- |
15126.12 |
| EARNINGS PER SHARE (`) |
(14) |
|
|
|
| -Basic (`) |
|
1.72 |
1.40 |
6.49 |
| -Diluted (`) |
|
1.70 |
1.38 |
6.41 |
| PUBLIC SHAREHOLDING |
(15) |
|
|
|
| - NUMBER OF SHARES |
|
7713883763 |
3804231426 |
7712612856 |
| - PERCENTAGE OF SHAREHOLDING |
|
99.69 |
99.63 |
99.67 |
| PROMOTERS AND PROMOTER GROUP SHAREHOLDING |
(16) |
Nil |
Nil |
Nil |
| a) Pledged / Encumbered |
|
N.A. |
N.A. |
N.A. |
| b) Non - encumbered |
|
N.A. |
N.A. |
N.A. |
Notes :
| (i) |
The Unaudited Financial Results and Segment Results were reviewed by the Audit Committee and approved at the meeting of the Board of Directors of the Company held on 28th July 2011. |
|
|
| (ii) |
Figures for the previous quarter are re-arranged, wherever necessary, to conform to the figures for the current quarter. The Company does not have any Exceptional or Extraordinary item to report for the above periods. |
|
|
| (iii) |
Gross Income comprises Gross sales / Income from operations, Other Operating Income and Other Income. |
| (iv) |
Gross Income includes ` 2454.75 Crores for the quarter ended 30th June, 2011 being Excise Duties and Taxes on Sales of Services. (Corresponding previous quarter ended 30th June, 2010 - ` 2226.33 Crores). |
|
|
| (v) |
The launch and rollout costs of the Company's brands 'Fiama Di Wills', 'Vivel Di Wills', 'Vivel' and 'Superia' covering the range of personal care products of soaps, shampoos, conditioners, skin care and shower gels, and the continuing significant brand building costs of the Foods business are reflected under 'Other expenditure' stated above and in Segment Results under 'FMCG-Others'. |
|
|
| (vi) |
Pursuant to the issue and allotment of Bonus shares by the Company on 6th August, 2010, the earnings per share (Basic and Diluted) have been adjusted for the corresponding previous quarter. |
|
|
|
|
| (vii) |
During the quarter, one investor complaint was received, which was promptly attended to by the Company. There were no complaints pending at the beginning or at the end of the quarter. |
|
|
| (viii) |
This statement is as per Clause 41 of the Listing Agreement. |
Limited Review :
| The Limited Review, as required under Clause 41 of the Listing Agreement has been completed and the related Report forwarded to the Stock Exchanges. This Report does not have any impact on the above 'Results and Notes' for the Quarter ended 30th June, 2011 which needs to be explained. |
Segment-wise Revenue, Results and Capital Employed for the
Quarter ended 30th June, 2011 |
(` in Crores)
| |
Quarter ended 30.06.2011 |
Quarter ended 30.06.2010 |
Twelve months
ended 31.03.2011(Audited) |
| 1. Segment Revenue |
|
|
|
a) FMCG- Cigarettes
- Gross |
5269.92 |
4669.74 |
19827.56 |
| - Net |
2873.56 |
2483.62 |
10573.67 |
- Others
- Gross |
1201.06 |
1005.63 |
4482.35 |
| - Net |
1197.76 |
1001.38 |
4471.63 |
Total FMCG
- Gross |
6470.98 |
5675.37 |
24309.91 |
| - Net |
4071.32 |
3485.00 |
15045.30 |
b) Hotels
- Gross |
252.52 |
225.13 |
1077.39 |
| - Net |
230.46 |
209.92 |
1000.82 |
c)Agri Business
- Gross |
1707.14 |
1356.76 |
4747.99 |
| - Net |
1707.14 |
1356.76 |
4747.99 |
d)Paperboards, Paper & Packaging
- Gross |
1011.32 |
829.12 |
3666.88 |
| - Net |
959.57 |
793.71 |
3507.21 |
| Total - Gross |
9441.96 |
8086.38 |
33802.17 |
| - Net |
6968.49 |
5845.39 |
24301.32 |
Less : Inter-segment revenue
- Gross |
1219.74 |
1036.46 |
3197.78 |
| - Net |
1201.02 |
1021.80 |
3133.74 |
| Gross sales / Income from operations |
8222.22 |
7049.92 |
30604.39 |
| Net sales / Income from operations |
5767.47 |
4823.59 |
21167.58 |
| 2.Segment Results |
|
|
|
| a) FMCG - Cigarettes |
1576.69 |
1304.98 |
5766.75 |
| - Others |
(76.28) |
(89.25) |
(297.59) |
| Total FMCG |
1500.41 |
1215.73 |
5469.16 |
| b) Hotels |
51.31 |
38.52 |
266.56 |
| c) Agri Business |
157.14 |
129.71 |
566.29 |
| d) Paperboards, Paper & Packaging |
226.96 |
188.46 |
819.24 |
| Total |
1935.82 |
1572.42 |
7121.25 |
Less :
i) Interest (Net) |
16.45 |
12.41 |
48.13 |
| ii) Other un-allocable income net of un-allocable expenditure |
(17.66) |
(10.08) |
(195.04) |
| Profit Before Tax |
1937.03 |
1570.09 |
7268.16 |
| Tax Expense |
604.31 |
499.78 |
2280.55 |
| Profit After Tax |
1332.72 |
1070.31 |
4987.61 |
| 3.Capital Employed |
|
|
|
a) FMCG
- Cigarettes * |
3674.48 |
3031.55 |
3062.14 |
| - Others |
2049.78 |
1888.05 |
1897.12 |
| Total FMCG |
5724.26 |
4919.60 |
4959.26 |
| b) Hotels |
2848.88 |
2511.14 |
2728.44 |
| c) Agri Business |
1902.94 |
1440.55 |
1561.65 |
| d) Paperboards, Paper & Packaging |
3871.31 |
3635.82 |
3770.12 |
| Total Segment Capital Employed |
14347.39 |
12507.11 |
13019.47 |
* Segment Liabilities of FMCG-Cigarettes is before considering ` 776.51 Crores (2010 - ` 656.81 Crores) in respect of disputed Taxes, the recovery of which has been stayed or where States' Special Leave Petitions are pending before the Supreme Court. |
| Notes: |
| (1) |
The Company's corporate strategy aims at creating multiple drivers of growth anchored on its core competencies. The Company is currently focused on four business groups : FMCG, Hotels, Paperboards, Paper & Packaging and Agri Business. The Company's organisational structure and governance processes are designed to support effective management of multiple businesses while retaining focus on each one of them. |
| (2) |
The business groups comprise the following : |
|
FMCG |
Cigarettes |
- |
Cigarettes, Cigars & Smoking Mixtures. |
| |
|
Others |
- |
Branded Packaged Foods (Staples, Biscuits, Confectionery, Snack Foods, Pasta & Noodles, Ready to Eat Foods), Garments, Educational and other Stationery products, Matches, Agarbattis and Personal Care products. |
|
|
|
|
|
|
Hotels |
- |
Hoteliering. |
|
|
|
|
|
|
Paperboards, Paper & Packaging |
- |
Paperboards, Paper including Specialty Paper & Packaging including Flexibles. |
|
|
|
|
|
|
Agri Business |
- |
Agri commodities such as rice, soya, spices, coffee and leaf tobacco. |
|
|
|
|
|
| (3) |
Segment results of 'FMCG : Others' are after considering significant business development, brand building and gestation costs of Branded Packaged Foods and Personal Care Products businesses. |
|
|
|
|
|
| (4) |
The Company's Agri Business markets agri commodities in the export and domestic markets; supplies agri raw materials to the Branded Packaged Foods Business and sources leaf tobacco for the Cigarettes Business. The segment results for the quarter are after absorbing costs relating to the strategic e-Choupal initiative. |
|
|
|
|
|
| (5) |
Figures for the corresponding previous quarter are re-arranged, wherever necessary, to conform to the figures of the current quarter. |
|
|
|
|
|
| |
|
Registered Office :
Virginia House, 37 J.L. Nehru Road,
Kolkata 700 071, India
Dated : 28th July, 2011
Place : Kolkata, India |
For and on behalf of the Board
| Executive Director |
Chairman |
|
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