Godrej Industries Limited · NSE:GODREJIND
Godrej Industries — Investor Presentation (June 2013)
70 slides from Godrej Industries's investor presentation, June 2013
Slide 1: Godrej Industries Limited Investor and Analyst Meet FY 2012-13
GODREJ INDUSTRIES LIMITED Investor and Analyst Meet – FY 2012-13 JUNE 2013 1 I Godrej Industries Limited I Investor and Analyst Meet | June-2013
Slide 2: Disclaimer
DISCLAIMER This presentation does not constitute or form part of any offer or recommendation or solicitation to purchase or buy or deal with in any securities of Godrej Industries Limited ((“GIL”) GIL ) (the “Company”) Company ), nor shall it or any part of it or the fact of its distribution form th
Slide 3: Agenda
AGENDA INTRODUCTION TO GODREJ INDUSTRIES INVESTMENT RATIONALE CONSUMER & CHEMICALS REAL ESTATE AGRI TRANSFORMATION EMERGENT
Slide 4: Godrej Group
GODREJ GROUP Value Creation for Investors • Established in 1897 12 year CAGR • Over US $4 billion1 in annual revenues • $2.8 billion brand valuation byy Interbrand in Godrej Industries 47% October 2010 Godrej Consumer 40% • Over 500 million2 people use one or another Godrej product everyday BSE Sens
Slide 5: Godrej Industries Limited (GIL)
GODREJ INDUSTRIES LIMITED (GIL) Diversified Business Model • Leveraging the “India growth story” through presence in multiple, established and growing sectors • Portfolio of quality products that successfully cater to growing aspirations of consumers – Urban & Rural, Domestic & Global • Diversified
Slide 6: Balanced Portfolio of Growth Businesses
BALANCED PORTFOLIO OF GROWTH BUSINESSES BUSINESS SEGMENTS FINANCIAL PERFORMANCE • Fatty alcohols, alcohols fatty acids, acids glycerin & surfactants Revenue : INR 1 1,324 324 crore CHEMICALS • Key ingredients for personal care, home care & Exports : 39% of revenue (own business) specialized consumer
Slide 7: Financial Overview – Consolidated
GODREJ INDUSTRIES LIMITED FINANCIAL OVERVIEW – CONSOLIDATED Revenue EBITDA and EBITDA Margin CAGR 13% % 596 CAGR 25% 600 12.0% 7,198 10.1% 10.0% 466 457 5,804 400 7.9% 8.3% 8.0% 4,602 6.0% 200 4.0% 2.0% - 0.0% FY11 FY12 FY13 FY11 FY12 FY13 EBITDA EBITDA MARGIN Note: Values in ` Crore 7 I Godrej Indu
Slide 8: Financial Overview – Consolidated
GODREJ INDUSTRIES LIMITED FINANCIAL OVERVIEW – CONSOLIDATED PAT and PAT Margin Net Worth 3,500 3,105 CAGR 15% CAGR 27% % 3 000 3,000 400 391 7.0% 6.4% 2,500 2,367 350 6.0% 293 292 5 4% 5.4% 1 931 1,931 300 2,000 5.0% 5.0% 250 4.0% 1,500 200 3.0% 3 0% 150 1,000 2.0% 100 500 1.0% 50 - 0.0% - FY11 FY12
Slide 9: Agenda
AGENDA INTRODUCTION TO GODREJ INDUSTRIES INVESTMENT RATIONALE CONSUMER & CHEMICALS REAL ESTATE AGRI TRANSFORMATION EMERGENT
Slide 10: Investment Rationale
INVESTMENT RATIONALE ✔ brand advantage systematic value creation approach Proven track record of value creation strong value of underlying assets 10 I Godrej Industries Limited I Investor and Analyst Meet | June-2013
Slide 11: Powerful Brand
POWERFUL BRAND One of the most well known brands built around trust and reliability 1 500 million consumers use at least one Godrej product everyday $2.86 billion brand valuation determined by global brand consulting agency Interbrand 1. 6th most trusted Indian brand in the 2013 Brand Trust Report1
Slide 12: Leading Market Positions
LEADING MARKET POSITIONS Oleo-chemicals & Surfactants Household insecticides #1 Animal feeds Oil Palm plantations Hair color Liquid detergents Processed Chicken #2 Soaps 12 I Godrej Industries Limited I Investor and Analyst Meet | June-2013
Slide 13: Investment Rationale
INVESTMENT RATIONALE brand advantage ✔ systematic value creation approach Proven track record of value creation strong value of underlying assets 13 I Godrej Industries Limited I Investor and Analyst Meet | June-2013
Slide 14: Create Group Portfolio Approach
GODREJ INDUSTRIES LIMITED “CREATE” GROUP PORTFOLIO APPROACH Consumer & Chemicals Real 4 core businesses Estate Agri Transformation Drive to full potential Emergent Focused incubation of new businesses 14 I Godrej Industries Limited I Investor and Analyst Meet | June-2013
Slide 15: Investment Rationale
INVESTMENT RATIONALE brand advantage systematic value creation approach ✔ Proven track record of value creation strong value of underlying assets 15 I Godrej Industries Limited I Investor and Analyst Meet | June-2013
Slide 16: History of Value Creation
HISTORY OF VALUE CREATION GODREJ INDUSTRIES 12 Year Compounded Annual Growth Rate (CAGR) Godrej Industries 47% Godrej Consumer 40% BSE Sensex 16% Note: CAGR calculated on closing stock prices as of June 18, 2001 and June 10, 2013 16 I Godrej Industries Limited I Investor and Analyst Meet | June-2013
Slide 17: Investment Rationale
INVESTMENT RATIONALE brand advantage systematic value creation approach Proven track record of value creation ✔ strong value of underlying assets 17 I Godrej Industries Limited I Investor and Analyst Meet | June-2013
Slide 18: Strong Value of Underlying Assets
STRONG VALUE OF UNDERLYING ASSETS GODREJ INDUSTRIES Investment Market Holding Value* of Company Business at cost (%) investment (` Cr.) (` Cr.) Godrej Consumer FMCG, Personal, Household and Air 21.6 693 5,740 Products Care Products Real Estate and Property Godrej Properties 61.5 230 2,539 Developmen
Slide 19: Value Unlocking Potential
VALUE UNLOCKING POTENTIAL Other Valuable Interests GODREJ INDUSTRIES Animal Feed 9,857 10,500 (FY 2013 Revenue: 9 500 9,500 ` 2,323 2 323 Cr.) Cr ) 8,500 7,500 8,942 Oil Palm Plantation 6,500 (FY 2013 Revenue: ` Crrore 5,500 GCPL & GPL ` 275 Cr.) 4,500 3,500 GPL listed Oleo Chemicals/Veg Oils 2,500
Slide 20: Agenda
AGENDA INTRODUCTION TO GODREJ INDUSTRIES INVESTMENT RATIONALE CONSUMER & CHEMICALS REAL ESTATE AGRI TRANSFORMATION EMERGENT
Slide 21: Consumer (GCPL)
CREATE CONSUMER (GCPL) • Largest Indian home & personal care company - US $1.2 billion in sales in FY 13 • Leading positions in core categories in the domestic market: – No. 1 in hair colours, household insecticides, and liquid detergents; No. 2 in soaps • Strong positions in core categories interna
Slide 22: GCPL Portfolio
CREATE GCPL PORTFOLIO MORE BALANCED ACROSS CATEGORIES AND DIVERSIFIED ACROSS GEOGRAPHIES FY 2009-10 2009 10 FY 2012-13 2012 13 Others Others Personal 11% 19% Wash Personal 21% Wash Category Mix Home 41% Care Home Hair 20% Care Care Hair 44% 24% Care 20% Middle LatAm L tA UK East 8% 5% UK 1% 11% Afri
Slide 23: Leading Presence in Domestic Core Categories
CREATE LEADING PRESENCE IN DOMESTIC CORE CATEGORIES Key Categories Key Brands Category Growth GCPL Growth 25% 26% Household 13% 12% Insecticides Category GCPL 26% 20% 17% Soaps 13% Category GCPL 27% Hair colour 19% 13% 14% Category FY 13 GCPL Q4 FY 13 23 I Godrej Industries Limited I Investor and An
Slide 24: Strong Growth in International Portfolio
CREATE STRONG GROWTH IN INTERNATIONAL PORTFOLIO FY 12 FY 13 GEOGRAPHIES KEY BRANDS GROWTH* GROWTH* 29% 19% Indonesia 84% 22% Latin America 68% Africa 26% Europe 11% 24 I Godrej Industries Limited I Investor and Analyst Meet | June-2013 *Constant currency sales growth
Slide 25: Leading Market Positions in Most of Our Geographies (1/2)
CREATE LEADING MARKET POSITIONS IN MOST OF OUR GEOGRAPHIES (1/2) INDIA SAARC 1 Hair colours Household insecticides 1 Hair colours (Sri Lanka) Liquid detergents Hair colours (Bangladesh) 2 Soap 3 H Household h ld iinsecticides (Sri Lanka & Bangladesh) ti id INDONESIA UK 1 Air fresheners wet tissues 1
Slide 26: Leading Market Positions in Most of Our Geographies (2/2)
CREATE LEADING MARKET POSITIONS IN MOST OF OUR GEOGRAPHIES (2/2) LATIN AMERICA SUB SAHARAN AFRICA Ethnic hair Hair colours* colours 1 (Argentina, Uruguay, Paraguay Bolivia) Paraguay, 1 (14 countries) Hair extensions (10 countries) Hair Hair colours & Colour cosmetics 2 extensions (1 country) 2 (Chil
Slide 27: Strong Financial Performance
CREATE STRONG FINANCIAL PERFORMANCE Sales EBITDA 6,391 CAGR 32% CAGR 25% % 4,851 1,015 876 3 676 3,676 653 FY 11 FY 12 FY 13 FY 11 FY 12 FY 13 EBITDA Note: Values in ` Crore Financials are for GCPL Consolidated 27 I Godrej Industries Limited I Investor and Analyst Meet | June-2013
Slide 28: Agenda
AGENDA INTRODUCTION TO GODREJ INDUSTRIES INVESTMENT RATIONALE CONSUMER & CHEMICALS REAL ESTATE AGRI TRANSFORMATION EMERGENT
Slide 29: Chemicals Business Overview
CREATE CHEMICALS BUSINESS OVERVIEW • One of India’s leading manufacturers of oleo-chemicals and pioneer in surfactants • Caters to the raw material needs of consumer goods sectors – Personal care, Home care, Rubber, Polymer industry and specialised applications • Supplier to global MNCs • Exports to
Slide 30: Chemicals Products Used as Input in Variety of Applications
CREATE CHEMICALS PRODUCTS USED AS INPUT IN VARIETY OF APPLICATIONS PRODUCTS APPLICATIONS DRIVERS FOR GIL • Cosmetics and • Movement into specialty Portfolio Breakdown Toiletries fatty acid to drive growth Fatty acids & • Rubber processing and profitabilityy glycerin • Polymer • Leverage presence Fat
Slide 31: Chemicals Financial Overview
CHEMICALS CREATE FINANCIAL OVERVIEW Now exporting to 80 countries Revenue • Exports for FY 2012-13 : ` 515 crore 1400 1324 1284 1200 1023 1000 Exports ` 515 crore Domestic 800 (39%) ` 809 crore (61%) 600 400 200 • Focus on manufacturing efficiency 0 FY11 FY12 FY13 improvement / greener initiatives •
Slide 32: Move to Ambernath Will Add Value
CREATE MOVE TO AMBERNATH WILL ADD VALUE • New Chemicals manufacturing facility at Ambernath • Capital expenditure of about INR 300 crore • State of the art technology • Work progressing as per schedule • Expected E t d to t be b operational ti l in i Q3 FY 2013-14 2013 14 • Facility to manufacture S
Slide 33: Ambernath – When We Acquired the Land
CREATE AMBERNATH – WHEN WE ACQUIRED THE LAND 33 I Godrej Industries Limited I Investor and Analyst Meet | June-2013
Slide 34: Ambernath Chemicals Facility – Now
AMBERNATH CHEMICALS FACILITY– NOW CREATE 34 I Godrej Industries Limited I Investor and Analyst Meet | June-2013
Slide 35: Chemicals Long Term Strategy
CREATE CHEMICALS LONG TERM STRATEGY • Continue to build strong position in long chain fatty alcohols • Leverage competitive advantage India has in Rapeseed oil – increase share of high margin derivatives of rapeseed oil in the value added portfolio – Capacity expansion – Better value for co-products
Slide 36: Agenda
AGENDA INTRODUCTION TO GODREJ INDUSTRIES INVESTMENT RATIONALE CONSUMER & CHEMICALS REAL ESTATE AGRI TRANSFORMATION EMERGENT
Slide 37: Godrej Properties
cREate GODREJ PROPERTIES ¢ Established in 1991 ¢ Presence in 12 cities across India * — $500 million booking value in FY13 e 84* million sq.ft. of potential developable area e — Residential | Commercial | Townships em Ahmedabad @ 24.0, 1% \ e — Differentiated asset-light business model > Kolkata Mum
Slide 38: GPL Delivered Strong Growth in FY13
DESPITE A TOUGH YEAR FOR THE SECTOR, GPL DELIVERED STRONG GROWTH IN FY13 Revenue growth of 28%, PBT growth of 45%, net profit growth of 41% and booking growth of 71% Total Income All Values in INR Cr. Booking Value 2,762 oa 1,612 FY 12 FY 13, FY 12 FY 13 PBT 45% 289 199 FY12 FY 13 PAT (After minorit
Slide 39: Continued Success in Business Development
cREate CONTINUED SUCCESS IN BUSINESS DEVELOPMENT 8 new projects with ~6.6 million sq. ft. of saleable area added to our portfolio (Area expected to increase to ~13 million sq.ft. due to likely increase in size of Panvel Township) - We expect these deals to add significant future profit - Low upfront
Slide 40: Highest Ever New Launches & Sales
cREate HIGHEST EVER NEW LAUNCHES & SALES 58% bookings growth by volume and 71% by value despite weak real estate sector performance GPL Bookings FY 13 Growth for RE sector and GPL 71% Booking Volume (million sq.t.) Booking Value (Rs. Cr.) Volume Value m FY12 im FY13 lH Indian Real Estate Sector I GP
Slide 41: New Project / Phase Launches in FY13
cREate NEW PROJECT / PHASE LAUNCHES IN FY13 Si a Godrej Summit, Gurgaon 41 | GODREJ INDUSTRIES LIMITED | INVESTORS AND ANALYST MEET | JUNE-2013
Slide 42: | GODREJ INDUSTRIES LIMITED | INVESTORS AND ANALYST MEET | JUNE-2013
42 | GODREJ INDUSTRIES LIMITED | INVESTORS AND ANALYST MEET | JUNE-2013
Slide 43: | GODREJ INDUSTRIES LIMITED | INVESTORS AND ANALYST MEET | JUNE-2013
48 | GODREJ INDUSTRIES LIMITED | INVESTORS AND ANALYST MEET | JUNE-2013
Slide 44: Project Pyramid Delivered Strong Progress
cREate PROJECT PYRAMID DELIVERED STRONG PROGRESS TOWARDS OUR OPERATIONAL EXCELLENCE GOALS e Achieved substantial savings across projects through superior value engineering, design standardisation and other operational improvements e Implemented rigorous internal processes and systems to reduce time
Slide 45: Strong Results in Team Building & Employee Engagement
cREate STRONG RESULTS IN TEAM BUILDING & EMPLOYEE ENGAGEMENT WHILE GROWING OUR EMPLOYEE BASE BY 25% e Inthe Great Places to Work Study, GPL was ranked as the “14th Best Company to Work for” in India in the overall category, as 2” amongst companies with less than 1,000 employees, and as the best in t
Slide 46: Godrej Properties Received Awards in FY
cREate GODREJ PROPERTIES RECEIVED 20 AWARDS IN FY 13 GODREJ PROPERTIES Popular Choice Developer of the year, Residential Category ET Now Awards #1 Ranked Real Estate Developer India’s Best Companies to Work For by the Great Place to Work Institute, India, in partnership with Economic Times Also vote
Slide 47: We Had Our Share of Disappointments
cREate WE HAD OUR SHARE OF DISAPPOINTMENTS Delays in project launches e Only 70% of the launches we planned in FY13 materialized e Alot of progress has been made in regulatory approval processes Low margins in some of our older projects e Significant work done on operations and business development
Slide 48: Vikhroli Development Project
cREate VIKHROLI DEVELOPMENT PROJECT e 34-acre mixed development project, The Trees, at Vikhroli being developed by Godrej Vikhroli Properties LLP (GVPL) e Saleable area of project ~ 3.5 million sq. ft. e 1* building, Godrej One, will be completed in FY 14 e 60:40 JV between GPL & GIL on profit shari
Slide 49: GPL to Raise INR Cr. Through Rights Issue
cREate GPL TO RAISE INR 700 CR. THROUGH RIGHTS ISSUE e GPL plans to raise upto INR 700 Cr through a Rights Issue; e Rights expected to be completed in Q2 of FY 2014 e Will ensure availability of capital as GPL continues to add new projects at a rapid pace building on the momentum created by adding t
Slide 50: Agenda
AGENDA INTRODUCTION TO GODREJ INDUSTRIES INVESTMENT RATIONALE CONSUMER & CHEMICALS REAL ESTATE AGRI TRANSFORMATION EMERGENT
Slide 51: Godrej Agrovet: A Snapshot
CRE ATE GODREJ AGROVET A SNAPSHOT animal oil agri- poultry seeds feed palm inputs India’s largest Largest oil palm Niche player JV with Tyson New business commercial feed miller; cultivator in India focused on plant Foods, leading currently focused market leader in cattle, growth regulators global m
Slide 52: Unfavorable Market Conditions in FY 13 for GAVL
UNFAVORABLE MARKET CONDITIONS IN FY 13 FOR GAVL Stable chicken prices …To volatile prices Falling CPO price and costs in FY12… and costs in FY13 75 60.1 58 58 71 59 58 55 0 55.0 55 48 56 51.3 43 46 46 47 36 44.6 Apr Nov Mar Apr Nov Mar Apr Oct Mar Cost Price Cost Price Rs / kg g FY12 FY13 Rs k / MT
Slide 53: Godrej Agrovet Financial Overview
CRE ATE GODREJ AGROVET FINANCIAL OVERVIEW REVENUE GROWTH OPERATING PROFIT 3,500 180 7.0% 3,101 155 CAGR: 27% 160 CAGR: 38% 3,000 6.0% 140 126 2,460 2 500 2,500 5 0% 5.0% 120 5.1% 5.0% 2,000 1,916 4.0% 100 81 1 500 1,500 80 3 0% 3.0% 3.4% 60 1,000 2.0% 40 500 1.0% 20 - - 0.0% FY11 FY12 FY13 FY11 FY12
Slide 54: Good Growth for Animal Feed Despite Market Conditions
CRE ATE GOOD GROWTH FOR ANIMAL FEED DESPITE MARKET CONDITIONS AGRI BUSINESS FY 2012-13 Animal Feed Sales (` crore) 2,500 , 2 323 2,323 2,000 1,748 1 500 1,500 1,293 , 1,000 500 0 FY 2010‐11 FY 2011‐12 FY 2012‐13 • Sales increased by 33% in FY 2012-13 over FY 2011-12 primarily due to 31% growth in aq
Slide 55: Decline in Oil Palm Growth Due to Lower Oil Prices
CRE ATE DECLINE IN OIL PALM GROWTH DUE TO LOWER OIL PRICES AGRI BUSINESS FY 2012-13 Oil Palm Sales (` crore) 300 275 250 224 200 150 115 100 50 0 FY 2010‐11 FY 2011‐12 FY 2012‐13 • Sales increased by 23% in FY 2012-13 over FY 2011-12 despite lower oil prices due to 19% increase in Fresh Fruit Bunche
Slide 56: Strong Year for Agri Inputs Despite Weak Monsoon
CRE ATE STRONG YEAR FOR AGRI INPUTS DESPITE WEAK MONSOON AGRI BUSINESS FY 2012-13 Agri Inputs Sales (` crore) 300 243 250 207 200 157 150 100 50 0 FY 2010‐11 FY 2011‐12 FY 2012‐13 • Sales increased by 17% in FY 2012-13 over FY 2011-12 despite a weak monsoon impacting the g overall agrochemicals y in
Slide 57: ACI Godrej (Bangladesh) Impacted by External Environment
CRE ATE ACI GODREJ (BANGLADESH) IMPACTED BY EXTERNAL ENVIRONMENT AGRI BUSINESS FY 2012 2012-13 13 ACI - Godrej Sales (` crore) • Sales in FY 2012-13 were lower by 4% over FY 2011-12 primarily due to bird flu in 400 346 331 Bangladesh. 300 252 • Bird flu situation has improved in Q4 FY2012-13. Howeve
Slide 58: Godrej Tyson Remains Focused
CRE ATE GODREJ TYSON REMAINS FOCUSED AGRI BUSINESS FY 2012-13 Godrej Tyson Sales (` crore) 350 319 300 266 250 229 200 150 100 50 0 FY 2010‐11 2010 11 FY 2011‐12 2011 12 FY 2012‐13 2012 13 • Sales increased by 20% in FY 2012-13 over FY 2011-12. • “Yummiez” sales volume grew by 12% in FY 2012-13 over
Slide 59: Emergent: Godrej Seeds & Genetics Limited
CREAT E EMERGENT: GODREJ SEEDS & GENETICS LIMITED • Launched in FY 2013; Year 1 sales of ` 19 crores. • Focused on hybrid seeds for maize, bajra and paddy • 2% market share share in Andhra Pradesh, a key maize market • Volume of ~1000 MT in maize seed in the first year of operations • Key focus on R
Slide 60: Agenda
AGENDA INTRODUCTION TO GODREJ INDUSTRIES INVESTMENT RATIONALE CONSUMER & CHEMICALS REAL ESTATE AGRI TRANSFORMATION EMERGENT
Slide 61: Godrej – One of the Most Trusted Brands in India
CREA TE TRANSFORMATION GODREJ – ONE OF THE MOST TRUSTED BRANDS IN INDIA In the recently published Brand Trust Report, 2013 Godrej has been ranked the 6th most trusted Brand in India, up five places from last year. • The Brand Trust Report, India Study, 2013 is the result of a research based on 61 co
Slide 62: Ideas That Make Life Brighter – Masterbrand Campaign
CREA TE TRANSFORMATION IDEAS THAT MAKE LIFE BRIGHTER – MASTERBRAND CAMPAIGN • Journey on Master Brand Strategy with the promise of Brighter Living was started in 2008 • Second phase of the strategy has recently begun with an integrated campaign • Centered on “Ideas that make life brighter”, the camp
Slide 63: Building an Inspiring Place to Work
CREA TE TRANSFORMATION BUILDING AN INSPIRING PLACE TO WORK TSR = 4% Below Average BU Average 45% GPL 80% 68% 30% 76% GILAC^ Corporate 77% Serious Indifferent Range Range GCPL India 78% High Performance/ A Hewitt Aon H itt Best B t Employer Range GIL Chemicals 75% Destructive Range GAVL 73% 0% 100% B
Slide 64: Fostering an Inspiring Place to Work
CREA TE TRANSFORMATION FOSTERING AN INSPIRING PLACE TO WORK 2012 Economic Times “Great Place to Work” survey: y 1st in FMCG category GCPL Overall rank #25 1st in real estate industry GPL Overall rank #14 GIL Ranked in the top 50 companies with less than 1000 employees Chemicals Aon Hewitt Best Emplo
Slide 65: Group Wide Initiative – Good & Green
CREA TE TRANSFORMATION GROUP WIDE INITIATIVE - ‘GOOD & GREEN’ Beyond Business: Building a More Inclusive and Greener India by 2020 ensuring creating a innovating for employability greener India g good & g g green train 1 million rural and achieve zero waste, carbon have a third of our urban y youth
Slide 66: Exceeded Employability Goal for FY13
CREA TE TRANSFORMATION EXCEEDED EMPLOYABILITY GOAL FOR FY13 Program Training BU Description Name Completed GCPL Saloni Beautician training 2,662 GCPL Vijay Rural sales training 10,089 GCPL Sakhi Training rural women to start micro-enterprises 1,500 GAVL Swadheen Agriculture & animal husbandry traini
Slide 67: Greener India Progress
CREA TE TRANSFORMATION GREENER INDIA PROGRESS FY 15 Goal over FY 11 FY 13 Achievement vs. FY 11 Energy Consumption 15% reduction over FY 11 GCPL: 12% reduction GAVL: 8% reduction GIL (Valia): 3% reduction GIL (Vikhroli): 1% increase Water 10% reduction in water usage; g ; 15% Water usageg reduction:
Slide 68: Agenda
AGENDA INTRODUCTION TO GODREJ INDUSTRIES INVESTMENT RATIONALE CONSUMER & CHEMICALS REAL ESTATE AGRI TRANSFORMATION EMERGENT
Slide 69: Emergent: Nature's Basket
CREAT E EMERGENT: NATURE’S BASKET R Revenue • Started in 2005 as a fresh food retailer; morphed into fine food retailer in 2008 129 ∆ 55% • Now India’s India s leading fine Gourmet retail chain and a leader in the niche space ∆ 48% 83 • Crossed ` 100 cr. threshold in sales ` Cr 56 • 27 stores locate
Slide 70: Thank You for Your Time and Consideration
THANK YOU FOR YOUR TIME AND CONSIDERATION 70 I Godrej Industries Limited I Investor and Analyst Meet | June-2013
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