International Operations Quarterly Update: Q2 & HY Soaps Hair Colours Liquid Detergents Toiletries

Contents Performance Highlights - Consolidated Business Review - Domestic GCPL Financials & Ratios - Stand Alone International Operations.

Performance Highlights Consolidated

Financial Highlights - Consolidated

Ratios - Consolidated ConsolidatedQ2 0809Q2 0708H1 0809H A&P / Sales7%8% PBDIT / Sales12%19%14%18% PBT / Sales12%16%13%16% PAT / Sales10%14%10%13% Net Profit / Sales10%14%10%13%

Business Review - Domestic Q2 FY

Q2 FY Scenario: Domestic Industry Scenario –FMCG sector growth continues to be satisfactory –Strong GDP growth & good economic fundamentals –Vegetable oil prices high but show declining trend –Rupee weakened versus the USD The Company has one business segment in which it operates viz. Personal & Household Care GCPL Performance Industry Growth (AC Nielsen Off Take) GCPL Standalone (Sales Growth) Q2 ‘0809 Toilet Soaps17%26% Hair Colours17%(6%) *Off take in value MRP

Sales Growth (Standalone)

Q2 Highlights Key initiatives during Q2 FY 0809 Soaps –Market share for Q2 FY 0809 is 9.5 %. –Cinthol Deo Musk Soap Launched –Price Increase effected Hair Colours –Market share for Q2 FY 0809 is 33.7%. –Godrej Expert Hair Powder Hair Colour launched in 4 shades - Burgundy, Gentle black, Natural Brown & Dark Brown Liquid Detergents –Market share for Q2 FY 0809 is 77.1%. –Ezee Bright & Soft Liquid Detergent launched with Colour Guard Technology for non woolen clothes

New Launches Burgundy, Gentle Black, Natural Brown & Dark Brown Ezee Bright & Soft Cinthol Deo Musk Soap

Soaps - Revenue & Market Share Source: AC Nielsen data % for All India value MS Market Share is % for Q

Hair Colours - Revenue & Market Share Market Share is % for Q Source: AC Nielsen data % for All India value MS

Liquid Detergents - Revenue & Market Share Market Share is % for Q Source: AC Nielsen data % for All India value MS

Financials & Ratios GCPL Standalone

Financial Highlights - Standalone

Q1 FY Sales Mix (Standalone)

Dividend – Q2 FY Q2 Dividend announced Dividend per Share Re Dividend 75 % Total outlay Rs 22.65crs(including tax on distributed profits) Dividend 150% till date for Dividend payout 68 % YTD PAT (Standalone)

Balance Sheet (Standalone) Liabilities (Rs. Crore) 30-Sep-08 Net Worth547.6 Other Liabilities71.3 Total618.9 Assets (Rs. Crore) 30-Sep-08 Net Fixed Assets179.3 Investment in Subsidiaries84.1 Investment – Other Cash & Bank Balance Net Current Assets(5.7) Total618.9 *Includes Capital Work in Progress & Capital Advances

Funds Flow (Standalone) Q (Rs. Crore) SOURCES Internal Accruals Investment redemption Total29.6 APPLICATIONS Repayment of Loan9.1 Working capital changes19.5 Cash & Bank1.0 Total29.6

Cost Structure (Standalone) Amount in Rs. Crore Q % of Sales Q % of Sales H % of Sales H % of Sales Materials Cost % % % % Staff Cost15.16%10.95%30.76%26.46% Depreciation3.41%4.02%8.02%7.92% Advertisement10.74%12.36%32.86%27.66% Other Expenses47.118%40.819%92.817%77.817% Interest & Fin. Charges (7.1)(3%)2.01%(10.5)(2%)4.71% Provision for Taxation 5.32%5.02%10.42%9.52% PAT32.312%33.716%66.512%69.516% Net Sales % % % % Other Total Income

Ratios - Standalone Q2 0809Q2 0708H1 0809H A&P / Sales PBDIT / Sales 4% 13% 6% 21% 6% 14% 6% 21% PBT / Sales15%18%14%18% PAT / Sales12%16%12%16% Net Profit / Sales12%16%12%16% NWC / Sales (days)12 days15 days12 days14 days Fixed Asset TO Ratio ROCE20%59%22%60% RONW24%84%24%87%

International Operations Subsidiaries Kinky Group Proprietary Ltd.

Godrej Consumer Products Mauritius Ltd- Performance (Holding company of Kinky Group (Pty) Ltd) ** After accounting for finance cost of acquisition Date of Acquisition: 01-Apr-2008 Rs. CroreQ2 0809H Total Income PBIT Interest PBT Tax PAT(0.3)(0.1)

“Kinky” Operations :- Opened a new “Kinky” Owned store in King Williams town, which became the 17th Owned Store for the Company. This was in quick succession to the 16th Owned store that was opened in the previous quarter after GCPL’s acquisition of the “Kinky” business. Owned Store model for the “Kinky” business is the driver for the image of the “Kinky” products, service to the consumers, pricing power and execution of high standard of merchandising which differentiates “Kinky” from the rest of the brands in this category The Company increased prices to match up with sharp increase in input costs which were rising in Q 1 and Q 2 and the Rand depreciating vs. US $. Installed new Information Technology systems, including Syspro and upgrading hardware as well as connectivity between factories and the H.O. and between H.O. and the Owned retail stores Tied-up strong suppliers for raw material from China to ensure sufficient stocks to meet the growth plans

Godrej Netherlands BV- Consolidated * Performance The “Cuticura” Hand Hygiene range was re-launched, featuring new products such as Hand Foamer, Kids Foamer, Kids wipes and Crackling Mousse. The hair color brand “Hint of Tint” was launched in Canada. Bio Oil achieved a “Signature Brand Status” in Boots – one of the highest rated qualifications for a product finding excellent consumer franchise. ** After accounting for finance cost of acquisition Date of Acquisition: 31-Oct-2005 Rs. CroreQ2 0809Q2 0708H1 0809H Total Income PBIT Interest PBT Tax PAT

Rapidol Pty Ltd-Performance Rs. Crore Q2 0809Q2 0708H1 0809H Sales PBIT Interest0.30.1(0.4)- PBT Tax PAT # After accounting for finance cost of acquisition Date of Acquisition: 01-Sep-2006 “Inecto” – Super Black, the largest selling hair color sub-brand in Rapidol portfolio launched its 30 Years Birthday celebrations promotions achieving a record growth in sales during the quarter. Launched two new colors under the “Inecto” Powder Hair Colors (PHC) range. The new colors Natural Brown and Auburn have been extremely successful. “Renew” Hair Colors marketed and distributed by Rapidol in South Africa for GCPL, has found excellent support.

Godrej Global Middle East (GGME) New Cinthol Deo Spray launched in the previous quarter is rolling out successfully in to new markets of GCC and the Middle East and getting new listing in retail chains Rs. CroreQ2 0809H Sales PBIT Interest-0.1 PBT0.1 Tax0.0- PAT0.1 * Represents the performance of the business w.e.f October 1, 2007 Date of Acquisition: 01-Oct-2007

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