(` in Crores)
| |
Quarter ended 31.12.2011 |
Quarter ended 30.09.2011 |
Quarter
ended 31.12.2010 |
Nine Months
ended 31.12.2011 |
Nine Months
ended 31.12.2010 |
Twelve months
ended 31.03.2011 (Audited) |
| GROSS INCOME |
|
9178.62 |
8841.36 |
8177.19 |
26457.25 |
22961.80 |
31423.23 |
| GROSS SALES |
|
8841.09 |
8549.52 |
7936.03 |
25612.83 |
22370.30 |
30604.39 |
| EXCISE DUTIES etc. |
|
2645.66 |
2575.34 |
2511.78 |
7675.75 |
7038.98 |
9436.81 |
| NET SALES |
(1) |
6195.43 |
5974.18 |
5424.25 |
17937.08 |
15331.32 |
21167.58 |
OTHER
OPERATING INCOME |
(2) |
52.41 |
111.04 |
48.58 |
234.66 |
175.95 |
300.67 |
| NET INCOME (1+2) |
(3) |
6247.84 |
6085.22 |
5472.83 |
18171.74 |
15507.27 |
21468.25 |
| EXPENDITURE |
|
|
|
|
|
|
|
a) (Increase) /
decrease in stock-in-trade
and work in progress |
|
(73.33) |
(39.84) |
(58.72) |
(231.28) |
(369.66) |
(254.29) |
b) Consumption
of raw materials |
|
1927.71 |
1855.91 |
1766.57 |
5720.58 |
5100.64 |
7000.99 |
c) Purchase
of traded goods |
|
318.08 |
502.94 |
305.58 |
1301.35 |
936.31 |
1379.80 |
| d) Employees cost |
|
298.10 |
265.04 |
277.34 |
957.38 |
880.44 |
1159.41 |
| e) Depreciation |
|
173.89 |
170.13 |
168.10 |
510.47 |
491.77 |
655.99 |
| f) Other expenditure |
|
1396.18 |
1282.18 |
1164.19 |
3847.53 |
3417.81 |
4728.23 |
| g) Total |
(4) |
4040.63 |
4036.36 |
3623.06 |
12106.03 |
10457.31 |
14670.13 |
PROFIT FROM
OPERATIONS BEFORE
OTHER INCOME
AND INTEREST (3-4) |
(5) |
2207.21 |
2048.86 |
1849.77 |
6065.71 |
5049.96 |
6798.12 |
| OTHER INCOME |
(6) |
285.12 |
180.80 |
192.58 |
609.76 |
415.55 |
518.17 |
PROFIT BEFORE
INTEREST (5+6) |
(7) |
2492.33 |
2229.66 |
2042.35 |
6675.47 |
5465.51 |
7316.29 |
| INTEREST (Net) |
(8) |
15.67 |
14.18 |
11.08 |
46.30 |
34.12 |
48.13 |
PROFIT AFTER
INTEREST AND
BEFORE TAX (7-8) |
(9) |
2476.66 |
2215.48 |
2031.27 |
6629.17 |
5431.39 |
7268.16 |
| TAX EXPENSE |
(10) |
775.68 |
701.17 |
642.19 |
2081.16 |
1725.26 |
2280.55 |
NET PROFIT
AFTER TAX (9-10) |
(11) |
1700.98 |
1514.31 |
1389.08 |
4548.01 |
3706.13 |
4987.61 |
PAID UP EQUITY
SHARE CAPITAL |
(12) |
779.62 |
777.30 |
770.59 |
779.62 |
770.59 |
773.81 |
(Ordinary shares
of ` 1/- each) |
|
|
|
|
|
|
|
RESERVES
EXCLUDING
REVALUATION
RESERVES |
(13) |
- |
- |
- |
- |
- |
15126.12 |
EARNINGS
PER SHARE (`) |
(14) |
|
|
|
|
|
|
| - Basic (`) |
|
2.19 |
1.95 |
1.81 |
5.86 |
4.83 |
6.49 |
| - Diluted (`) |
|
2.16 |
1.93 |
1.78 |
5.79 |
4.76 |
6.41 |
| PUBLIC SHAREHOLDING |
(15) |
|
|
|
|
|
|
- NUMBER
OF SHARES |
|
7772008729 |
7748871989 |
7679054641 |
7772008729 |
7679054641 |
7712612856 |
- PERCENTAGE
OF SHAREHOLDING |
|
99.69 |
99.69 |
99.65 |
99.69 |
99.65 |
99.67 |
PROMOTERS AND
PROMOTER GROUP
SHAREHOLDING |
(16) |
Nil |
Nil |
Nil |
Nil |
Nil |
Nil |
a) Pledged /
Encumbered |
|
N.A. |
N.A. |
N.A. |
N.A. |
N.A. |
N.A. |
b) Non -
encumbered |
|
N.A. |
N.A. |
N.A. |
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 20th January, 2012. |
|
|
| (ii) |
Figures for the previous periods are re-arranged, wherever necessary, to conform to the figures for the current period. 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) |
The launch and rollout costs of the Company's brands 'Fiama 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'. |
|
|
| (v) |
During the quarter, 2,31,22,990 Ordinary Shares of ` 1/- each were issued and allotted under the Company’s Employee Stock Option Schemes. Consequently, the issued and paid-up Share Capital of the Company as on 31st December, 2011 stands increased to ` 779,61,59,710/-. |
|
|
| (vi) |
During the quarter, no investor complaint was received. There were no complaints pending at the beginning of the quarter. |
|
|
|
|
| (vii) |
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 31st December, 2011 which needs to be explained. |
Unaudited Segment-wise Revenue, Results and Capital Employed for the
Quarter and Nine Months ended 31st December, 2011 |
(` in Crores)
| |
Quarter ended
31.12.2011 |
Quarter ended
30.09.2011 |
Quarter
ended 31.12.2010 |
Nine Months
ended 31.12.2011 |
Nine Months
ended 31.12.2010 |
Twelve months
ended 31.03.2011
(Audited) |
1. Segment
Revenue |
|
|
|
|
|
|
a) FMCG -
Cigarettes
- Gross |
5809.70 |
5485.95 |
5236.26 |
16565.57 |
14716.43 |
19827.56 |
| - Net |
3232.83 |
2968.14 |
2772.60 |
9074.53 |
7806.33 |
10573.67 |
- Others
- Gross |
1375.16 |
1345.29 |
1104.19 |
3921.51 |
3167.53 |
4482.35 |
| - Net |
1370.72 |
1340.66 |
1102.13 |
3909.14 |
3159.12 |
4471.63 |
| Total FMCG - Gross |
7184.86 |
6831.24 |
6340.45 |
20487.08 |
17883.96 |
24309.91 |
| - Net |
4603.55 |
4308.80 |
3874.73 |
12983.67 |
10965.45 |
15045.30 |
b) Hotels
- Gross |
311.11 |
234.31 |
303.25 |
797.94 |
753.08 |
1077.39 |
| - Net |
278.72 |
211.14 |
281.63 |
720.32 |
700.49 |
1000.82 |
c) Agri
Business
- Gross |
1139.41 |
1434.54 |
1037.50 |
4281.09 |
3666.16 |
4747.99 |
| - Net |
1139.41 |
1434.54 |
1037.50 |
4281.09 |
3666.16 |
4747.99 |
d) Paperboards,
Paper
& Packaging
- Gross |
1030.19 |
1055.36 |
916.67 |
3096.87 |
2705.40 |
3666.88 |
| - Net |
978.42 |
1005.42 |
877.33 |
2943.41 |
2590.25 |
3507.21 |
Total
- Gross |
9665.57 |
9555.45 |
8597.87 |
28662.98 |
25008.60 |
33802.17 |
| - Net |
7000.10 |
6959.90 |
6071.19 |
20928.49 |
17922.35 |
24301.32 |
Less :
Inter-segment
revenue - Gross |
824.48 |
1005.93 |
661.84 |
3050.15 |
2638.30 |
3197.78 |
| - Net |
804.67 |
985.72 |
646.94 |
2991.41 |
2591.03 |
3133.74 |
Gross sales /
Income
from
operations |
8841.09 |
8549.52 |
7936.03 |
25612.83 |
22370.30 |
30604.39 |
Net sales /
Income
from
operations |
6195.43 |
5974.18 |
5424.25 |
17937.08 |
15331.32 |
21167.58 |
| 2.Segment Results |
|
|
|
|
|
|
a) FMCG
- Cigarettes |
1844.20 |
1728.90 |
1532.95 |
5149.79 |
4296.15 |
5766.75 |
| - Others |
(46.63) |
(55.90) |
(73.60) |
(178.81) |
(229.75) |
(297.59) |
| Total FMCG |
1797.57 |
1673.00 |
1459.35 |
4970.98 |
4066.40 |
5469.16 |
| b) Hotels |
101.74 |
43.44 |
88.60 |
196.49 |
166.99 |
266.56 |
c) Agri
Business |
141.67 |
238.78 |
129.20 |
537.59 |
466.54 |
566.29 |
d) Paperboards,
Paper &
Packaging |
224.32 |
289.70 |
191.42 |
740.98 |
625.52 |
819.24 |
| Total |
2265.30 |
2244.92 |
1868.57 |
6446.04 |
5325.45 |
7121.25 |
Less:
i) Interest (Net) |
15.67 |
14.18 |
11.08 |
46.30 |
34.12 |
48.13 |
ii) Other
un-allocable
expenditure net
of
un-allocable (income) |
(227.03) |
15.26 |
(173.78) |
(229.43) |
(140.06) |
(195.04) |
| Profit Before Tax |
2476.66 |
2215.48 |
2031.27 |
6629.17 |
5431.39 |
7268.16 |
| Tax Expense |
775.68 |
701.17 |
642.19 |
2081.16 |
1725.26 |
2280.55 |
| Profit After Tax |
1700.98 |
1514.31 |
1389.08 |
4548.01 |
3706.13 |
4987.61 |
3. Capital
Employed |
|
|
|
|
|
|
a) FMCG
- Cigarettes * |
4175.71 |
3898.97 |
3394.19 |
4175.71 |
3394.19 |
3062.14 |
| - Others |
1852.48 |
1924.19 |
1719.16 |
1852.48 |
1719.16 |
1897.12 |
| Total FMCG |
6028.19 |
5823.16 |
5113.35 |
6028.19 |
5113.35 |
4959.26 |
| b) Hotels |
3060.80 |
2989.30 |
2600.35 |
3060.80 |
2600.35 |
2728.44 |
c) Agri
Business |
1559.24 |
1487.35 |
1479.48 |
1559.24 |
1479.48 |
1561.65 |
d) Paperboards,
Paper &
Packaging |
4082.27 |
4005.92 |
3734.01 |
4082.27 |
3734.01 |
3770.12 |
Total Segment
Capital Employed |
14730.50 |
14305.73 |
12927.19 |
14730.50 |
12927.19 |
13019.47 |
| * Segment Liabilities of FMCG-Cigarettes is before considering ` 820.93 Crores (30.09.2011 - ` 797.38 Crores; 31.12.2010 - ` 724.29 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 and 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/nine months are after absorbing costs relating to the strategic e-Choupal initiative. |
|
|
|
|
|
| (5) |
Figures for the corresponding previous periods are re-arranged, wherever necessary, to conform to the figures of the current period. |
|
|
|
|
|
| |
|
Registered Office :
Virginia House, 37 J.L. Nehru Road,
Kolkata 700 071, India
Dated : 20th January, 2012
Place : Kolkata, India |
For and on behalf of the Board
| Executive Director |
Chairman |
|
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