Audited Financial Results for the Quarter and Twelve Months ended 31^st March, 2014

PART I: Statement of Audited Financial Results for the Quarter and Twelve Months ended 31st March, 2014

 

PART II: Select information for the Quarter and Twelve Months ended 31st March, 2014

 

Notes :

(i)	The audited 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 23rd May, 2014.
(ii)	Figures for the previous periods are re-classified / re-arranged / re-grouped, wherever necessary, to correspond with the current period's classification / disclosure.
(iii)	The figures for the last quarter are the balancing figures between the audited figures in respect of the full financial year and the year to date figures upto the third quarter of the financial year.
(iv)	The Company does not have any Exceptional or Extraordinary item to report for the above periods.
(v)	Gross Income comprises Gross Sales / Income from Operations, Other Operating Income and Other Income.
(vi)	The launch and rollout costs of the Company's brands 'Fiama', 'Vivel', 'Superia' and 'Engage' covering the range of personal care products of soaps, face washes, shower gels, shampoos, conditioners, skin care and deodorants, and the continuing significant brand building costs of the Foods businesses are reflected under 'Other expenses' stated above and in Segment Results under 'FMCG-Others'.
(vii)	During the quarter, 1,76,87,110 Ordinary Shares of Re. 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 March, 2014 stands increased to Rs. 7,95,31,82,950/-.
(viii)	For the twelve months ended 31.03.2014, Other Expenses and Finance Costs are net of liability for earlier years towards Rates and Taxes and Interest thereon of Rs. 157.91 Crores and Rs. 34.77 Crores respectively that are no longer required and therefore written back consequent to a favourable High Court Order.
(ix)	The Board of Directors of the Company, at its meeting held on 28th August 2013,proposed a Scheme of Arrangement under Sections 391 and 394 read with Sections 78, 80, 100 and other applicable provisions of the Companies Act, 1956, between its subsidiary, Wimco Limited (‘Wimco’) and the Company and their respective shareholders (‘the Scheme’) for demerger of the Non-Engineering business of Wimco to the Company with effect from 1st April, 2013. The Members of the Company approved the Scheme on 24th March 2014. The Hon’ble High Courts at Bombay and Calcutta have also sanctioned the Scheme on 10th April, 2014 and 14th May, 2014, respectively. Certified copies of the Orders from the Courts are awaited. The Scheme would become effective upon filing of such certified copies of the Orders with the respective Registrar of Companies. Pending this, the Scheme has not been given effect to in these financial statements.
(x)	North East Nutrients Private Limited (‘NENPL’), became a subsidiary of the Company with effect from 6th February, 2014, consequent upon acquisition of 76% of NENPL’s share capital.
(xi)	The Board of Directors of the Company has recommended a dividend of Rs. 6/- per Ordinary Share of Re. 1/- each for the financial year ended 31st March, 2014 and the dividend, if declared, will be paid on Thursday, 31st July, 2014 to those members entitled thereto.
(xii)	The Register of Members of the Company shall remain closed for the purpose of dividend from Thursday, 5th June, 2014 to Monday, 9th June, 2014, both days inclusive.
(xiii)	The 103rd Annual General Meeting of the Company has been convened for Wednesday, 30th July, 2014.

 

 

Audited Segment-wise Revenue, Results and Capital Employed for the Quarter and Twelve Months ended 31st March, 2014

 

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 etc.

: Others

-

Branded Packaged Foods Businesses (Bakery and Confectionery Foods; Snack Foods; Staples, Spices and Ready to Eat Foods); Apparel; Education and Stationery Products; Personal Care Products; Safety Matches and Agarbattis.

Hotels

-

Hoteliering.

Paperboards, Paper & Packaging

-

Paperboards, Paper including Specialty Paper & Packaging including Flexibles.

Agri Business

-

Agri commodities such as soya, spices, coffee and leaf tobacco.

Others (In Consolidated Segment)

-

Information Technology services, Filter Rods etc.

(3)

Segment results of 'FMCG : Others' are after considering significant business development, brand building and gestation costs of the Branded Packaged Foods businesses and Personal Care Products business.

(4)

The Company's Agri Business markets agri commodities in the export and domestic markets; supplies agri raw materials to the Branded Packaged Foods businesses and sources leaf tobacco for the Cigarettes business.

(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 : 23rd May, 2014 Place : New Delhi, India	For and on behalf of the Board     Executive Director Chairman

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