Sales of India segment has gone up 20.28% to Rs 1,660.65 crore (accounting for 56.75% of total sales).  Sales of Indonesia segment has gone up 1.44% to Rs 411.47 crore (accounting for 14.06% of total sales).  Sales of Africa (including strength of Nature) segment rose 58.74% to Rs 694.23 crore (accounting for 23.73% of total sales).  Sales of Others segment has gone up 25.48% to Rs 159.72 crore (accounting for 5.46% of total sales).  Inter-segment sales rose Rs 23.57 crore to Rs 31.62 crore.  

Profit before interest, tax and other unallocable items (PBIT) has jumped 24.76% to Rs 573.81 crore.  PBIT of India segment rose 12.94% to Rs 427.08 crore (accounting for 74.43% of total PBIT).  PBIT of Indonesia segment fell 5.45% to Rs 92.99 crore (accounting for 16.21% of total PBIT).  PBIT of Africa (including strength of Nature) reported profit of Rs 32.38 crore compared to loss of Rs 29.40 crore.  PBIT of Others segment rose 66.61% to Rs 21.36 crore (accounting for 3.72% of total PBIT).  

PBIT margin of India segment fell from 27.39% to 25.72%.  PBIT margin of Indonesia segment fell from 24.25% to 22.60%.  PBIT margin of Africa (including strength of Nature) segment rose from negative 6.72% to 4.66%.  PBIT margin of Others segment rose from 10.07% to 13.37%.  Overall PBIT margin rose from 19.56% to 19.61%.  

Operating profit margin has jumped from 20.31% to 20.73%, leading to 26.92% rise in operating profit to Rs 599.96 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 39.12% to 47.63%.   Purchase of finished goods cost fell from 4.29% to 2.95%.   Employee cost decreased from 11.73% to 9.50%.   Other expenses fell from 23.68% to 20.27%.   Selling and administration expenses rose from 4.69% to 4.82%.   

Other income fell 4% to Rs 20.9 crore.  Provision for interest fell 43.55% to Rs 27.29 crore.  

Provision for depreciation rose 3.10% to Rs 50.87 crore.  

Profit before tax grew 36.77% to Rs 542.70 crore.  Share of profit/loss was 34.21% higher at Rs -0.25 crore.  Provision for tax was expense of Rs 127.24 crore, compared to Rs 14.72 crore.  Effective tax rate was 23.52% compared to 3.59%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 4.76% to Rs 413.66 crore.  

Promoters' stake was 63.23% as of 30 June 2021 ,compared to 63.24% as of 30 June 2020 .  Promoters pledged stake was 0.66% as of 30 June 2021 ,compared to 0.66% as of 30 June 2020 .  

Full year results analysis.

Net sales (including other operating income) of Godrej Consumer Products has increased 11.28% to Rs 11028.62 crore.  Sales of India segment has gone up 14.25% to Rs 6,254.33 crore (accounting for 55.90% of total sales).  Sales of Indonesia segment has gone up 4.37% to Rs 1,770.02 crore (accounting for 15.82% of total sales).  Sales of Africa (including strength of Nature) segment rose 7.87% to Rs 2,498.53 crore (accounting for 22.33% of total sales).  Sales of Others segment has gone up 19.86% to Rs 665.93 crore (accounting for 5.95% of total sales).  Inter-segment sales rose Rs 131.31 crore to Rs 160.19 crore.  

Profit before interest, tax and other unallocable items (PBIT) has jumped 9.42% to Rs 2,293.14 crore.  PBIT of India segment rose 12.11% to Rs 1,634.12 crore (accounting for 71.26% of total PBIT).  PBIT of Indonesia segment rose 4.52% to Rs 480.92 crore (accounting for 20.97% of total PBIT).  PBIT of Africa (including strength of Nature) segment fell 37.03% to Rs 106.52 crore (accounting for 4.65% of total PBIT).  PBIT of Others segment rose 702.47% to Rs 71.58 crore (accounting for 3.12% of total PBIT).  

PBIT margin of India segment fell from 26.63% to 26.13%.  PBIT margin of Indonesia segment rose from 27.13% to 27.17%.  PBIT margin of Africa (including strength of Nature) segment fell from 7.30% to 4.26%.  PBIT margin of Others segment rose from 1.61% to 10.75%.  Overall PBIT margin fell from 20.87% to 20.49%.  

Operating profit margin has jumped from 21.62% to 21.66%, leading to 11.44% rise in operating profit to Rs 2,388.25 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 40.87% to 41.61%.   Purchase of finished goods cost rose from 3.10% to 3.30%.   Employee cost increased from 10.10% to 10.15%.   Other expenses fell from 24.67% to 23.37%.   Selling and administration expenses fell from 7.33% to 6.62%.   

Other income fell 40.28% to Rs 67.07 crore.  Provision for interest fell 41.76% to Rs 126.63 crore.  Loan funds declined from Rs 2,720.36 crore as of 31 March 2020 to Rs 855.17 crore as of 31 March 2021.  Inventories rose to Rs 1,716.25 crore as of 31 March 2021 from Rs 1,703.12 crore as of 31 March 2020.  Sundry debtors were lower at Rs 1,004.50 crore as of 31 March 2021 compared to Rs 1,157.25 crore as of 31 March 2020.  Cash and bank balance declined from Rs 770.16 crore as of 31 March 2020 to Rs 672.21 crore as of 31 March 2021.  Investments rose to Rs 679.10 crore as of 31 March 2021 from Rs 671.98 crore as of 31 March 2020 .  

Provision for depreciation rose 3.33% to Rs 203.85 crore.  Fixed assets declined from Rs 3,949.12 crore as of 31 March 2020 to Rs 1,354.32 crore as of 31 March 2021.  Intangible assets increased from Rs 5,339.32 crore to Rs 7,607.88 crore.  

Profit before tax grew 15.44% to Rs 2,124.84 crore.  Extraordinary items were increased to Rs -44.47 crore.  Provision for tax was expense of Rs 359.54 crore, compared to Rs 263.82 crore.  Effective tax rate was 17.28% compared to 14.99%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 14.98% to Rs 1,720.82 crore.  

Equity capital increased from Rs 102.23 crore as of 31 March 2020 to Rs 102.25 crore as of 31 March 2021.  Per share face Value remained same at Rs 1.00.  

Promoters' stake was 63.23% as of 31 March 2021 ,compared to 63.24% as of 31 March 2020 .  Promoters pledged stake was 0.66% as of 31 March 2021 ,compared to 0.66% as of 31 March 2020 .  

Cash flow from operating activities increased to Rs 2,029.63 crore for year ended March 2021 from Rs 1,588.11 crore for year ended March 2020.  Cash flow used in acquiring fixed assets during the year ended March 2021 stood at Rs 163.86 crore, compared to Rs 152.02 crore during the year ended March 2020.  

Other Highlights

In Q1 FY22, Africa, USA & Middle East grew by 60% Latin America & SAARC grew 48% and Indonesia grew by 0% (in Constant Currency terms) compared to Q1 FY21.

In Q1 FY22, India home care segment grew by 21% and India personal care segment grew by 17% on YoY basis.

During the quarter ending june 2021, unbranded business and exports grew by 50% on YoY basis.