Press Meet
Q1 2010 Performance
1
Performance
Good financial performance under a
competitive environment;
Group operating income up 7%(underlying
increase of 11%) at Rs 1380 crores
Group Consolidated Net Profit at Rs 46 crores
whereas previous period had a loss of Rs 20 crores.
EPS at Re +0.74 against Re -0.32
2
Performance
Comments
• Regional Performance
•USA
• EOC volumes marginally lower and costs surge
• Tetley Brand investment commences
• Canada
• Strong Performance in Market
• Good-earth Launch
• GB
• Lead market share gains achieved.
•Retailer consolidation.
• South Asia
• Strong Profit performance while volumes are stressed
• Jaago Re success continues
• Investment and Growth in T!ON
•EME
• Tetley Middle East Launch
• Impact of Russia JV
• APAC
• Forex benefit improves sales
• Region reorganises
• Organisation Initiatives
•Additional Investment behind NPD agenda
• Market Impact
• Sterling / dollar weakness
• Lower Fx translation
3
Group Financial Review – Q1
• Drivers for increase in Group operating
income• price increases,
• impact of Russian acquisition
• improved instant coffee operations
despite
• Adverse phasing of promotional sales in key
markets.
• adverse fx impact of Rs 55 crores
• Group Consolidated Net Profit significantly
higher than PY. PY exceptional items included
translation impact on surplus funds.
4
Group Financial Review – Q1
• Profit before exceptional items impacted by
• increased commodity costs for the quarter
(tea costs now show signs of softening)
• investments behind NPD.
• Advertising investments to support brands
• EPS at Re 0.74 against a loss of Re 0.32
mainly due to the absence of translational
impact on surplus funds.
5
Group Performance Q1 2010
Rs Crs
For the 3 months ended Jun
2010/2011
Particulars
Actuals
PY
Variance
Total Income
1380
1296
84
Operating EBIT
112
151
(39)
Profit before Exceptional
104
151
(47)
Total Exceptional Items
(14)
(186)
172
Profit before Tax
91
(36)
127
Profit after Tax
59
(33)
92
Group Profit
45
(20)
65
6
Stand Alone Performance Q1 2010
Particulars
Rs Crs
For the 3 months ended Jun
2010/2011
Actuals
PY
Variance
over PY
454
419
35
Operating EBIT
52
64
(12)
Profit before Exceptional
51
65
(15)
(2)
2
Total Income
Total Exceptional Items
-
Profit before Tax
51
63
(12)
Profit after Tax
36
43
(7)
7
Thank You
8