Audited Financial Results for the Quarter and Twelve Months ended 31st March, 2009

Transcription

1 Audited Financial Results for the and 31st March, 2009 GROSS INCOME NET SALES [1] OTHER OPERATING INCOME [2] NET INCOME (1 + 2) [3] EXPENDITURE a) (Increase) / decrease in stock-intrade (123.69) (5.69) and work in progress b) Consumption of raw materials c) Purchase of traded goods d) Employees cost e) Depreciation f) Other expenditure g) Total [4] PROFIT FROM OPERATIONS BEFORE [5] OTHER INCOME AND INTEREST (3-4) OTHER INCOME [6] PROFIT BEFORE INTEREST (5+6) [7] INTEREST (Net) [8] PROFIT AFTER INTEREST AND [9] BEFORE TAX (7-8) Less: TAX EXPENSE [10] NET PROFIT AFTER TAX (9-10) [11] PAID UP EQUITY SHARE CAPITAL (Ordinary shares of Re. 1/- each) RESERVES EXCLUDING REVALUATION RESERVES [12] [13] EARNINGS PER SHARE (Rs.) [14] - Basic (Rs.) Diluted (Rs.) PUBLIC SHAREHOLDING [15]

2 - NUMBER OF SHARES PERCENTAGE OF SHAREHOLDING PROMOTERS AND PROMOTER GROUP [16] SHAREHOLDING Nil Nil a) Pledged / Encumbered N.A. N.A. b) Non - encumbered N.A. N.A. Notes : (i) (ii) (iii) (iv) (v) (vi) The above results were reviewed by the Audit Committee and approved at the meeting of the Board of Directors of the Company held on 22nd May, Figures for the previous periods have been 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. Gross Income comprises Segment Revenue, Other Operating Income and Other Income. Gross Income includes Rs.1978 Crores and Rs Crores for the quarter and year 31st March, 2009 being Excise Duties and other Local Taxes. (Corresponding previous quarter and year 31st March, Rs Crores and Rs Crores respectively). 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 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'. During the quarter, 28,89,030 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, 2009 stands increased to Rs. 377,43,99,560/-. (vii) During the quarter, no investor complaint was received. There were no complaints pending at the beginning of the quarter. (viii) a) Tax Expense includes Rs Crores and Rs Crores for Fringe Benefit Tax for the quarter and year 31st March, 2009 respectively (Corresponding previous quarter and year 31st March, Rs Crores and Rs Crores respectively). b) Tax Expense is net of refunds as follows: For the quarter 31st March, Rs Crore and year 31st March, Rs Crores (Corresponding previous quarter 31st March, Rs. Nil and year 31st March, Rs Crores). (ix) The above is as per Clause 41 of the Listing Agreement. Segment-wise Revenue, Results and Capital Employed for the and 31st March, 2009

3 1. Segment Revenue a) FMCG - Cigarettes - Gross Net Others - Gross Net Total FMCG - Gross Net b) Hotels - Gross Net c) Agri Business - Gross Net d) Paperboards, Paper & Packaging - Gross Net Total - Gross Net Less : Inter-segment revenue - Gross Net Gross sales / Income from operations Net sales / Income from operations Segment Results a) FMCG - Cigarettes Others (117.28) (117.89) (483.45) (263.52) Total FMCG b) Hotels c) Agri Business d) Paperboards, Paper & Packaging Total Less: i) Interest (Net) ii) Other un-allocable income (32.20) (62.75) (212.76) net of un-allocable expenditure Profit Before Tax Tax Expense Profit After Tax Capital Employed a) FMCG-Cigarettes * Others Total FMCG b) Hotels c) Agri Business d) Paperboards, Paper & Packaging Total Segment Capital Employed

4 *Before considering provision of Rs Crores ( - Rs Crores) in respect of disputed State taxes, the levy/collection of which has been stayed. These have been included under 'Unallocated Corporate Liabilities'. 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 & Smoking Mixtures. : Others - Branded Packaged Foods (Staples, Biscuits, Confectionery, Snack Foods and 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, 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 / twelve months are after absorbing costs relating to the strategic e-choupal initiative. (5) Figures for the corresponding previous periods have been re-arranged, wherever necessary, to conform to the figures of the current period. Registered Office : Virginia House, 37 J.L. Nehru Road, Kolkata , India For and on behalf of the Board Executive Director Chairman Dated : 22nd May, 2009 Place : Kolkata, India Disclosure as required under other clauses of the Listing Agreement NET PROFIT

5 PROFIT BROUGHT FORWARD AVAILABLE FOR APPROPRIATION APPROPRIATION OF PROFIT AND RESERVE a) Transfer to General Reserve b) Earlier Year's provision no longer (3.97) 0.00 required * c) Profit carried forward DIVIDEND INCLUDING DIVIDEND TAX * Pertains to Dividend Distribution Tax Notes : i. The above was approved at the meeting of the Board of Directors of the Company held on 22nd May, ii. The Board of Directors of the Company has recomm a dividend of Rs per Ordinary Share of Re.1/- each for the financial year 31st March, 2009 and the dividend, if declared, will be paid on or after 27th July, 2009 to those members entitled thereto. iii. The Register of Members of the Company shall remain closed from Wednesday, 15th July 2009 to Friday, 24th July, 2009, both days inclusive. iv. The 98th Annual General Meeting of the Company has been convened for Friday, 24th July, Audited Financial Results (Consolidated) for the 31st March, 2009 Consolidated Financial Results for GROSS INCOME NET SALES [1] OTHER OPERATING INCOME [2] NET INCOME (1+2) [3] EXPENDITURE a) (Increase) / decrease in stock-in-trade and work in progress (148.23) (12.45) b) Consumption of raw materials c) Purchase of Traded Goods d) Employees Cost e) Depreciation f) Other expenditure g) Total [4]

6 PROFIT FROM OPERATIONS BEFORE OTHER INCOME AND INTEREST (3-4) [5] OTHER INCOME [6] PROFIT BEFORE INTEREST (5+6) [7] INTEREST (Net) [8] PROFIT AFTER INTEREST AND BEFORE TAX (7-8) [9] Less: TAX EXPENSE [10] PROFIT AFTER TAX BEFORE SHARE OF PROFIT/(LOSS) OF ASSOCIATES AND MINORITY INTERESTS (9-10) [11] SHARE OF PROFIT/(LOSS) OF ASSOCIATES [12] PROFIT AFTER TAX BEFORE MINORITY INTERESTS [13] (11+12) MINORITY INTERESTS [14] NET PROFIT (13-14) [15] PAID UP EQUITY SHARE CAPITAL [16] (Ordinary shares of Re each) RESERVES EXCLUDING REVALUATION RESERVES [17] EARNINGS PER SHARE (Rs.) [18] - Basic Diluted PUBLIC SHAREHOLDING [19] - NUMBER OF SHARES PERCENTAGE OF SHAREHOLDING PROMOTERS AND PROMOTER GROUP [20] Nil SHAREHOLDING a) Pledged / Encumbered N.A b) Non - encumbered N.A.