1. Godrej Consumer Products Limited Q1 2006-07 Performance Update Godrej Consumer Products Limited Quarterly update Q1 FY 2006-07 20 July 2006

2. Godrej Consumer Products Limited Q1 2006-07 Performance Update Contents Highlights (Consolidated) Highlights (Consolidated) Announcements Announcements Business Highlights Business Highlights Acquisition Update Acquisition Update Sales Highlights Sales Highlights GCPL Financials & Ratios (stand alone) GCPL Financials & Ratios (stand alone)

3. Godrej Consumer Products Limited Q1 2006-07 Performance Update Rs.CroreQ1 0607Q1 0506Growth% Brand Sales (Net of Excise) 234.1157.549% Total Sales 237.6167.742% Advtg & Publicity 24.712.3102% PBDIT 42.933.428% PBT 38.129.828% PAT 32.827.121% Net Proft after Tax adj 34.127.126% EVA 28.824.717% EPS 24.219.226% Highlights Consolidated - Q1 FY 2006-07 Highlights Consolidated - Q1 FY 2006-07

4. Godrej Consumer Products Limited Q1 2006-07 Performance Update Highlights Consolidated - Q1 FY 2006-07 Highlights Consolidated - Q1 FY 2006-07 Q1 0607Q1 0506 A&P / Sales10.4%7.3% PBDIT / Sales18.1%19.9% PBT / Sales16.0%17.8% PAT / Sales13.8%16.2% Net Profit / Sales14.4%16.2% ROCE84.6%153.7% RONW120.1%148.6% EPS Growth25.9%57.1%

5. Godrej Consumer Products Limited Q1 2006-07 Performance Update Segmental data (Q1 FY 2006-07) Consolidated GCPL Standalone Q1 06-07 Q1 05-06 Segmental Revenue Q1 06-07 Q1 05-06 129.5113.8Soap129.5113.8 108.153.9Personal Care62.153.9 237.6167.7Total191.6167.7 PBIT 16.615.2Soap16.615.2 30.221.0Personal Care24.021.0 46.836.2Segment PBIT40.636.2 1.70.9Less Interest (Net)0.80.9 7.05.5Less other unallocated exp6.95.5 38.129.8PBT32.929.8 Segment Capital Employed 46.642.4Soap46.642.4 87.418.9Personal Care13.518.9 54.618.5Unallocated54.618.5 188.679.8Total Capital Employed114.779.8

6. Godrej Consumer Products Limited Q1 2006-07 Performance Update Announcements Interim Dividend Interim Dividend Stock Split Stock Split

7. Godrej Consumer Products Limited Q1 2006-07 Performance Update Dividend (2006-07) First Interim Dividend announced  Dividend per share Rs.3.00  Dividend %75%  Total outlay (including tax on Rs.19.3 Cr distributed profits)  Dividend % till date for 2006-0775%  Dividend payout % YTD PAT63% (Standalone)

8. Godrej Consumer Products Limited Q1 2006-07 Performance Update Stock Split The Board has approved a proposal of sub division of face value of GCPL’s equity share from Rs.4 each to 4 shares of Re.1 each. The proposal is subject to shareholders approval at the AGM on 20-Jul-2006

9. Godrej Consumer Products Limited Q1 2006-07 Performance Update GCPL Business Highlights 2006-07

10. Godrej Consumer Products Limited Q1 2006-07 Performance Update GCPL Business Highlights 2006-07 Industry Scenario FMCG sector continues to grow Strong GDP growth & good economic fundamentals Vegetable oil prices at reasonable levels but rising Rupee weakening vs the USD & Euro Interest rate & Inflation pressure building up

11. Godrej Consumer Products Limited Q1 2006-07 Performance Update Soap GCPL brands grew 21% in value terms GCPL outperforming industry Godrej No.1 continues to show excellent growth Godrej No.1 Lavender launched in Q4 2006 gets excellent response from consumers Higher advertising spend for brand building & new product launches Capex plans for Malanpur and Katha on track GCPL Business Highlights

12. Godrej Consumer Products Limited Q1 2006-07 Performance Update GCPL Business Highlights Personal Care GCPL Hair colour registers growth of 10% in value terms New Godrej Renew gets excellent response in the market Shaving Cream continues to register good growth Talcum Powder – the introduction of Godrej No.1 & B1G1F offer enabled significant growth Snuggy Diapers record healthy growth Work is progressing on proposed plant at Sikkim

13. Godrej Consumer Products Limited Q1 2006-07 Performance Update Acquisition Update

14. Godrej Consumer Products Limited Q1 2006-07 Performance Update Acquisition Rapidol, South Africa GCPL has entered into an agreement for the acquisition of Rapidol, U.K., as well as its subsidiary Rapidol International Acquisition proposed to be completed subject to certain regulatory approvals Rapidol owns strong ethnic hair colour brands INECTO and SOFLENE trademarks in 10 countries in addition to its present trademark rights through Keyline Brands Ltd. Has presence in South African Hair Care market and other African markets Opportunity to introduce GCPL’s products in the African continent.

15. Godrej Consumer Products Limited Q1 2006-07 Performance Update Keyline Brands Limited Q1 2006-07 Performance Rs.Crore Q1 0607 Sales46.0 PBIT6.6 Interest1.4 PBT5.2 Tax1.5 PAT3.7 EVA1.1

16. Godrej Consumer Products Limited Q1 2006-07 Performance Update Sales Highlights

17. Godrej Consumer Products Limited Q1 2006-07 Performance Update All figures shown are % for All India Value MS Source : AC Nielsen Industry (AC Nielsen Offtake) GCPL Standalone (Shipment) Q1 ’0607 Toilet Soaps 8.0% 8.0%21.4% Hair Colours 28.9% 28.9%9.9% Sales Growth vs Industry Growth 2006-07 vs 2005-06

18. Godrej Consumer Products Limited Q1 2006-07 Performance Update Market share All figures shown are % for All India Value MS Source : AC Nielsen Apr-Jun’06Apr-Jun’05 Toilet Soaps 9.5% 9.5%8.6% Hair Colours 39.3% 39.3%39.8% GCPL Standalone

19. Godrej Consumer Products Limited Q1 2006-07 Performance Update Category-wise Turnover Q1 2006-07 Net Turnover (Rs. Crore) GCPL Standalone Q1 0607Q1 0506Growth% Toilet Soaps126.5104.221% Hair Colour47.343.010% Liquid Detergents1.00.910% Toiletries13.29.441% Total Brand Sales188.0157.519% Contract Mfg0.06.7- By-Products3.63.53% Total Sales191.6167.714%

20. Godrej Consumer Products Limited Q1 2006-07 Performance Update GCPL Sales Mix FY - 2006-07 Godrej Brand Toilet Soaps (Rs.126.5 cr) (65%) Liquid Detergent (Rs.1.0 cr) (1%) Hair Colours (Rs.47.3 cr) (25%) Toiletries (Rs.13.2cr) (7%) By-Products (Rs.3.7 cr) (2%)

21. Godrej Consumer Products Limited Q1 2006-07 Performance Update GCPL Financials & Ratios (Stand alone)

22. Godrej Consumer Products Limited Q1 2006-07 Performance Update Rs.CroreQ1 0607Q1 0506Growth% Brand Sales (Net of Excise) 188.0157.519% Total Sales 191.6167.714% Advtg & Publicity 18.112.347% PBT 32.929.810% PAT 29.227.18% Net Profit after Tax adj 30.527.112% EVA 27.824.712% EPS 21.619.212% GCPL - Highlights Q1 FY 2006-07 GCPL - Highlights Q1 FY 2006-07 Figures for GCPL (Stand alone)

23. Godrej Consumer Products Limited Q1 2006-07 Performance Update GCPL Rs.CroreQ1 0607Q1 0506Growth% Sales – Net of Excise 191.6167.714% Brand Sales 188.0157.519% Cont Mfg 0.06.7 By-Products 3.5 Other Income 0.80.3 Expenditure 156.0134.6 PBDIT 36.433.4 9% Depreciation 2.7 Interest 0.80.9 PBT 32.929.810% PAT 29.227.18% Net profit after tax adj 30.527.112% Summarised Profit & Loss Account

24. Godrej Consumer Products Limited Q1 2006-07 Performance Update Balance Sheet Balance Sheet Liabilities Assets 30-06-06 31-03-06 30-06-06 31-03-06 Equity Capital 22.6 22.6 Net Fixed Assets 79.3 79.9 Reserves 84.0 53.6 Cash & Bank Bal 11.0 13.7 Debt 1.6 4.9 Sh Term Inv 6.3 1.0 Def Tax Liability 6.5 6.6 Inv in Subsidiaries 49.0 49.0 Net Current Assets (30.9) (23.8) Dividend Payable 0.0 (32.2) Total 114.7 87.7 Rs.Crore

25. Godrej Consumer Products Limited Q1 2006-07 Performance Update Rs Crore Q1 06-07 SOURCES Internal Accruals 33.1 Working Capital Change 7.1 Total 40.2 APPLICATION Debt Repayment 3.3 Capital Expenditure 2.1 Change cash/ sh term investments 2.5 Dividend 32.3 Total 40.2 Funds Flow Funds Flow

26. Godrej Consumer Products Limited Q1 2006-07 Performance Update Cost Structure (Q1 2006-07) Rs.Crore Rs Crore Q1 ’06-07 %of Sales Q1 ’05-06%of sales Materials cost 94.5 49.3% 83.3 49.7% Staff Cost 10.3 5.4% 9.8 5.8% Advtg & Publicity 18.1 9.4% 12.3 7.3% Other Expenditure 33.117.3% 29.3 17.5% Interest & Financial Charges 0.8 0.4% 0.9 0.5% Depreciation 2.7 1.4% 2.7 1.6% Provision for Taxation 3.7 1.9% 2.7 1.6% PAT 29.215.2% 27.1 16.2% Net Profit after adj 30.5 15.9% 27.1 16.2% Sales 191.6 100.0% 167.7 100.0% Other Income 0.8 0.4% 0.3 0.2%

27. Godrej Consumer Products Limited Q1 2006-07 Performance Update GCPL Ratios Q1 06-07Q1 05-06 PBDIT / Sales 19.0% 19.9% PBT / Sales 17.2% 17.8% PAT / Sales 15.2% 16.2% Net profit / Sales 15.9% 16.2% (After tax adj)

28. Godrej Consumer Products Limited Q1 2006-07 Performance Update GCPL Ratios contd.. Q1 06-07 Q1 05-06 NWC / Sales (days) (15) (20) Fixed Asset T/o Ratio 9.7 6.8 ROCE* 118% 154% RONW* 109% 149% EPS (on Rs.4 Share) 21.6 19.2 All figures are annualised * On closing Capital Employed & Closing Networth

29. Godrej Consumer Products Limited Q1 2006-07 Performance Update Thank You