Beverage Overview

A beverage is a drink specifically prepared for human

consumption. Beverages almost always largely consist of
water. Drinks often consumed include: Water (both flat or
carbonated),Juice based drinks, Soft drinks, Sports and
Energy drinks,Alcoholic beverages like beer or spirits
,Coffee, tea ,Dairy products like milk. Commonly, drinks
are filled into containers, like glass or plastic bottles, steel
or aluminum cans as well as cardboard supported
packages, like the "TetraPak" or others. Filling of beverages can be done
cold, hot, ambient and cold-aseptic filling to mention the latest trend of
beverage marketing and technology.
The beverage is mainly categorized into two major categories based upon
the alcoholic and nonalcoholic nature of the drink. Non-Alcoholic beverages
are further o two types based upon carbon content. These beverages contain
Fruit juices, Coffee, Tea, Soda, Colas. The Alcoholic beverages are based
upon the fruit content and grain. It may be Wine, Brandy, Whisky or Beer.

Beverage

Non-Alcoholic Beverages Alcoholic Beverages

Non-carbonated Carbonated Fruit Based Grain

Fruit Juices,
Coffee, Colas,
Wine, Beer,
Tea, Soda,
Brandy Whisky
Packaged Tonic Water
Water
 Indian Beverage Industry

India has a population of more than 1.150 Billions which is just behind
China. According to the estimates, by 2030 India population will be around
1.450 Billion and will surpass China to become the World largest in terms of
population. Beverage Industry which is directly related to the population is
expected to maintain a robust growth rate. The price stability throughout the
year has contributed to the increase in domestic liquor sales.

The Indian beverage market offers hot options.

According to Dabur, the fruit beverages industry in India now stands at Rs
1100 crores (approx. Euro 180 million) and the market has grown at the rate
of 30% where Dabur India, through the new launch Real Burrst, is looking at
establishing a market share of 4-5% in next 2-3 years.
Part of the industry of fast moving consumer goods is also the beverage
industry. The total beverage industry in India is being estimated to grow at
17% this year, according to experts. "Food and beverages segment has not
suffered despite the slowdown in the economy. FMCG in our stores has done
very well. In fact, we registered 10-15% growth in this segment last year,"
said a spokesperson at Spencer's Retail Ltd.

Beverage majors like Coca Cola India, for example, again reported growing
sales. Coca-Cola in India reported a solid first quarter 2009 results not only
despite a challenging economic environment, but also with unit case volume
increasing by 31%. And eight quarters out of the 11 quarters had a double
digit growth

To foreign observers of the market, these figures might sound unbelievable,

as Western markets are saturated and have not seen such figures for long
time. But in India, various positive factors drive the beverage markets. One
is the rising number of people in the middle class with extra money to spend
on new beverages. Another factor is the sheer size of the number of people
in India. Even the rural households, as long as the monsoon is good, get
purchasing power and can participate in consumer markets. Where ever the
purchasing power is still not big enough, companies offer smaller packs for
Rs. 10 or Rs. 5, especially to be seen in the snack market. Hot summers in
India also help a bit to sell beverages.

The large untapped market potential for store-bought non-alcoholic

beverages, in particular carbonated beverages, juice based drinks and
energy or sports drinks among urban/suburban consumers in India.
Approximately 120 billion litres of beverages are consumed by Indians every
year, but only 5% represent store-bought packaged beverages. The majority
of Indian consumers (75%) still consume non-alcoholic store-bought
beverages ‘less than once a day’, highlighting a large untapped market
opportunity, particularly in the carbonated drinks and juice or juice-based
categories (estimated to be worth $1.5 Billion and $.25 billion respectively).
In order to increase consumption and penetration of such beverages
manufacturers will have to address the two primary reasons why some
Indians abstain entirely, that is, health concerns and undesirable taste.

India is a booming market for the beverage industry as well. It already

accounts for about ten per cent of global beverage consumption today. This
means that the country has the third-largest beverage consumption after the
USA and China. But that is not the end of the road. Market analyses indicate
that beverage sales in India will be increasing by more than 60 per cent
between 2008 and 2012. Since India is (still) a country of tea and coffee
drinkers, packaged cold drinks have enormous potential. Packaged water,
beer, spirits and carbonated drinks are recording what rates are in some
cases high double-digit growth. All in all, annual per capita consumption of
packaged beverages is supposed to triple from 2.6 litres in 2000 to 8.7 litres
in 2012.

Demand for milk and milk-based beverages are also rising. India is the
world’s biggest producer and consumer of milk, since milk plays a major role
in the Indian diet. The consumption of milk and milk-based beverages has
increased by an annual average of 2.7 per cent in the last four years and
most of them (65 per cent) are sold “loose” / unpackaged. The proportion of
the market accounted for by packaged milk and dairy products are
increasing, however. In the past four years, for example, demand for milk
filled in pouches has grown by 4.5 per cent annually, while the fi gure for
milk in cartons is about 25 per cent. The rising consumption is making it
necessary for appropriate investments to be made by the beverage industry.
 The sector is highly fragmented and 95 per cent of these producers have
small or very small operations. Of this, the health beverage industry is
valued at $230 million.

The total soft drink (carbonated beverages and juices) market is estimated
at 284 million crates a year or $1 billion. The market is highly seasonal in
nature with consumption varying from 25 million crates per month during
peak season to 15 million during offseason. The market is predominantly
urban with 25 per cent contribution from rural areas. Coca cola and Pepsi
dominate the Indian soft drinks market. Mineral water market in India is a
65 million crates ($50 million) industry. On an average, the monthly
consumption is estimated at 4.9 million crates, which increases to 5.2 million
during peak season.

Share of Volume by Beverage Category of India

PER CAPITA CONSUMPTION IN INDIA

INDIAN BEVERAGE MARKET

SHARE OF VOLUME BY CATEGORY
Segment 2002 2003 2004 2005 2006 2007
Milk 10.3% 10.4% Key Figures
10.5% on Indian
10.6% Beverage
10.8% Industry
11.1%
Tea 6.3% 6.4% 6.5% 6.6% 6.4% 6.5%
Bottled 0.2% 0.2% 0.3% 0.4% 0.4% 0.4%
Water
Coffee 0.2% 0.2% 0.2% 0.2% 0.2% 0.2%
Distilled 0.1% 0.1% 0.1% 0.1% 0.1% 0.2%
Spirits
Carbonated 0.2% 0.2% 0.2% 0.1% 0.2% 0.2%
Soft Drinks
Beer 0.1% 0.1% 0.1% 0.1% 0.1% 0.1%
Fruit 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Beverages
Wine -- 0.0% 0.0% 0.0% 0.0% 0.0%
Subtotal 17.3% 17.6% 17.8% 18.1% 18.2% 18.7%
All Others* 82.7% 82.4% 82.2% 81.9% 81.8% 81.3%
TOTAL 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Source: Beverage Marketing Corporation
 Indian Beverage Market CAGR[2007-2010]:21%
 India ranked 3rd in largest beverage consumption after the USA and
China
 Total Indian Beverage Consumption every year:120 billion liters
 Fruit Beverages Market size: Rs 1100 crores (approx. Euro 180 million)
 Fruit Beverage market growth rate: 30%
 Majority of Indian consumers:75% consume Non-alcoholic beverages
and 25% Alcoholic Beverages
 Carbonated Drinks Market size: $1.5 Billion
 Juice or juice-based Drinks Market size: $.25 billion
 Health beverage industry is valued at $230 million
 Indian Beverage Industry is 10% of Global beverage consumption
today.
 Milk-based beverages consumption has increased by an annual
average of 2.7 per cent in the last four years
 Total packaged coffee market size: 19,600 tonnes or $87 million.
 The Indian soft drink market is worth Rs. 21,600 million a year with a
growth of around 7%.
 The total soft drink (carbonated beverages and juices) market is
estimated at 284 million crates a year or $1 billion.
 Peak season soft drink consumption : 25 million
 Off-season soft drink consumption: 15 million
 The market is predominantly urban with 25 per cent contribution from
rural areas.
 Coca cola and Pepsi dominate the Indian soft drinks market.
 Indian Mineral water market size : 50 million industry.
Factors driving developments in the Indian Beverages Sector

India is a growing and developing country which is having a very high

economic growth with the drastic increase into the population size. Due to
the developing economic condition, there is increase in the competition
among the manufacturers, retailers, dealers to promote their products at
competitive prices.

The increase in the India population has given a high demand of beverage
market products. The Indian beverage market is segmented into the two
major segments –Alcoholic and Non-Alcoholic Beverages.
Again these categories of beverages are sub-divided into the carbonated and
fruit based drinks. Tea and Coffee also contributed majorly into the Beverage
Industry.

Indian Beverage market distribution and marketing channel is highly

networked and has a very approach to the customers. Due to the
globalization and technological developments there is highly innovative
products are coming into the Indian Beverage markets which are appreciated
by the Indian population.

In India, here are various forms of beverage market get to be seem in the
form of retailers, Restaurants, Coffee shops, Sport events, Hotels etc.

There are certain factors which are driving developments into the
Indian Beverage sector:

• Economic growth
• Population growth
• Competition for Raw materials
• Power of retailers
• Globalization / Regionalization
• Research & Development
• Technological Developments
• Food safety and regulation
• Consumer Demands and trends
 Beverages for ‘Health and Wellness’ in the Indian Market

The global health and wellness trends in the beverage sector are beginning
to notice an increasing level of activity in India.

 Economic drivers: With strong economic drivers of consumer

spending, India is a very different market from that of the 1980s or
1990s.With a GDP of USD800 billion and a GDP growth rate in 2005-06
of over 8 percent, India is now the third largest economy in Asia. And
this has not been the result of some freak surge in growth. Average
GDP growth of the last 10 years has been 6.5 percent per annum. And
most significantly, the stepping up of GDP growth is driven primarily
by domestic demand rather than exports.

 Demographic drivers: Macro economic factors tell only one part of

the story. There are compelling demographic trends in the country that
promise new and sustained opportunities for beverage product
suppliers who can read right the signals.

The country boasts an expanding middle class that is currently 350 million
strong (a population larger than the total population of the United States or
the European Union). Increased urbanization and rising disposable incomes
are creating new and large target markets for beverage products that go
beyond commodity status and command higher prices. The rapid growth in
the retail sector (over 20 percent per annum) is just one confirmation of the
increasing buying power of this middle class.

There is today a growing health and wellness consciousness among

consumers and an increasing importance given to fitness and healthy
lifestyle choices. Changing work and lifestyle habits leave less time for home
cooking and therefore spur demand for convenience and ‘complete nutrition’
from meal replacements. There is a greater inclination to ‘self-care’ rather
than ‘medicate’, a greater awareness of the ‘functional’ benefits of health
beverages and a greater willingness to pay a premium for such beverages.

The beverage industry’s response towards Health and Wellness

With these strong drivers of growth, it is not surprising that the beverage
industry in India has begun to respond with products that are marketed
clearly on a health and wellness platform.

However, to set the record straight, ‘health and wellness’ is not a wholly new
platform for the Indian market. India has, for decades, had a thriving health
food drinks market. Market leader, GlaxoSmithKline Consumer
Healthcare (GSKCH), has had iconic brands ‘Horlicks’, ‘Boost’, ‘Viva’ and

‘Maltova’ create 'top-of-the-mind' recall across generations of Indians. Other

suppliers, Cadbury (with ‘Bournvita’), Nestle (with ‘Milo’), Heinz (with
‘Complan’) and Gujarat Co-operative Milk Marketing Federation (GCMMF)
(with ‘Nutramul’ and now ‘Amul Shakti’) also enjoy a loyal following. In the
non-carbonated beverages sector, Parle Agro's ‘Frooti’ remains the largest
brand in the fruit drink segment, while Dabur's ‘Real Fruit Juice’ leads the
juice segment.

The fact is that there has all along been a strong multinational presence in
beverage market and more recently this has been witnessing the emergence
of Indian ‘multinationals’ across this sector.

However, much of the marketing for health food drinks in the past has been
general health and energy positioning, rather than the focus on specific
benefits or ingredients that is characteristic of most mature health food
markets. This is now changing and the specific initiatives of some companies
are going a long way to creating a truly dynamic health and wellness
beverage sector in India.

Global market leader in Probiotic fermented milk drinks, Yakult, has

teamed up with Danone to start manufacturing its probiotic fermented milk
drink in India from 2007. Calcium-fortified beverages are a rapidly growing
market.

Some examples of brands that have introduced calcium-fortified products

are ‘Amul Shakti’, Coca-Cola India’s ‘Mazza’, and malted drinks such as
‘Horlicks’ (GSKCH), ‘Milo’ (Nestle), ‘Complan’ (Heinz), ‘Anlene’ (Britannia
New Zealand Foods) and ‘Protinex’ (EAC Nutrition). GCMMF launched sports
drink 'Stamina' in early 2006. ‘Red Bull’ was launched in India in 2003.

Carbonated beverage giants Coke and Pepsi have also planned to widen their
product portfolio with ‘health-based’ beverages (non-carbonated). Pepsi’s
‘Gatorade’ is already on the market. And in what must be among the most
significant recent commercialization efforts of a traditional Indian drink,
‘Amul Masti’ Spiced Buttermilk was launched (in a 200 ml tetra pack),
marketed on the platform of being free of colour, preservatives, acids and
sucrose sugar.
Indian Beverage Distribution & Marketing Network

Issues Related to Indian Beverage Market

 Social Issues

For the alcohol industry the social concerns are numerous, ranging from
associated disease as well as health and safety impacts from high levels of
alcohol consumption, to under-age drinking, and in developing country
contexts the portion of spending on alcohol versus basic needs. Domestic
violence and an exacerbation of poverty have made alcohol abuse the single
most important problem for women in India. The report points out that as
prosperity levels increase across Asia, we can expect to see increasing levels
of alcohol consumption. This presents both an opportunity for listed
companies in Asia, but given the potential negative social impacts, it also
presents significant challenges.
 Soft drink companies are advised to anticipate government regulations,
particularly in relation to their marketing approaches to children. Companies
need to be innovative in creating healthier soft drink products as in the case
of PepsiCo and Coca Cola focusing on a low sugar, natural sweetner for their
products and Vietnamese and Chinese brands tapping into the demand for
alternatives to carbonated soft drinks.

Companies should assess their supply chain risks and put in place codes of
conduct, monitoring and capacity building initiatives to prevent these. As
consumers become more aware of supply chain issues, good supply chain
management can create a competitive advantage.
Companies that rely on agricultural supply chains, particularly large numbers
of small holding farmers, should look to developing partnerships with
government, local NGOs and international agencies to better manage social
risks.

 Governance Issues
A typical challenge in the Indian beverage sector’s fight against corruption is
the complex interrelationship between politics and the private sector. Strong
governance is clearly vital for companies to ensure the integrity of their
organizations, relationships with consumers and government authorities to
avoid corrupt business practices.
Companies should look to providing more transparency and accountability in
terms of the selection of board members, remuneration, links between
remuneration and performance, diversity of the board and decision making
processes. Alcohol companies should ensure a high level of transparency in
terms of the financial support provided for industry groups that in turn lobby
national governments for changes in alcohol policies
Companies should put in place initiatives and get involved in collective action
to raise corporate integrity, especially in relation to corruption and bribery.

 Environmental Issues
Companies need to first assess to what extent they and their suppliers
depend on water and the associated risks. This should be done in
consultation with key stakeholders.
Companies should measure their water footprint and look to how they can
best manage water resources through enhanced processes and
infrastructure. Companies should implement rigorous water testing and
monitoring systems and install treating equipment. Water pollution and
treatment is already a focus of Asian listed companies and with the growing
emphasis on regulation and enforcement this looks set to increase.
Companies need to realize that global commitments to improve water
efficiency can only be implemented locally, requiring versatility and local
management support. Companies should disclose water performance and the
initiatives that they are putting in place. Companies need to assess their

Indian Non-Alcoholic Beverage Market

contribution to climate change, put in place measures to reduce emissions
and waste and report on progress.

Non-alcoholic beverages are broadly classified as

carbonated drinks, non-carbonated drinks and hot
beverages. India n on-alcoholic drinks market to grow
at 15% CAGR. The fruit juices and fruit-based drinks
market is close to Rs 5,000 crore ($1.13 billion),
growing at 35-40 per cent annually. The carbonated
drinks market is close to Rs 6,000 crore ($1.36 billion) with growth at 10-12
per cent.

India has witnessed radical shift in consumption of non-alcoholic drinks over

the recent past. Fast expanding middle class population that is currently
around 350 million, increased urbanisation and rising disposable income are
some of the major reasons contributing to this change.
Indian non-alcoholic drinks market was estimated at around Rs 216 billion in
2008 and is forecast to grow at a CAGR of around 15% during 2009-2012.

“Growing health consciousness among India’s young population has brought

about a revolution in the Indian non-alcoholic drinks market. It has been
seen that cola sales have fallen dramatically due to rising health concerns
and this seems to have benefited the country’s non-carbonated drinks
market such as energy drinks and juices,” the company said.

According to the segment level analysis, the highest growth will be seen in
the fruit/vegetable juice market which is forecast to grow at a CAGR of
around 30% in value terms during 2009-2012. It will be closely followed by
the energy drinks segment at a CAGR of around 29% during the same
period. There is a greater awareness of the ‘functional’ benefits of health
beverages and a greater willingness to pay a premium for such beverages.
With these strong drivers of growth, it is not surprising that the beverage
industry in India has begun responding with products that are marketed
clearly on a health and wellness platform.

In India, the Coca-Cola and Pepsi soft drink brands suffered a setback in
August of last year due to a product contamination scare. Both have cut
profit margins to the bone in order to fend off competition from low-priced
local fruit drinks.
Indian consumers are accustomed to drinking a variety of locally-produced
soft drinks that are sold in small stands throughout the country. Rural India
is still a highly price-sensitive marketplace, so the major soft drink
companies are forced to cut profit margins in order to compete there.
India's purchasing power parity per capita of US$2,850 is representative of a
nation in which the average consumer has insufficient income to engage in
discretionary spending. Nevertheless, during the hot season, spur-of-the-
moment beverage sales are commonplace. In order to position themselves
for sales growth, the major soft drink companies priced a 200-milliliter bottle
at the equivalent of 11 U.S. cents. Although that price is not sustainable
beyond the short term, management hopes that it will be enough to wrest
market share away from local products and substantially increase sales
volume in 2004.
Beverage companies cannot afford to ignore India's rural consumers if they
wish to expand market share. According to data release by the PRB, only 28
percent of India's population lived in urban areas in 2003. On average, rural
consumers have a lower income level than their urban counterparts and
demand lower-cost beverage options.
In order to remain cost competitive, soft drink companies have to contain
the transportation costs involved in expanding their distribution network into
widespread towns and villages. Faced with high fuel and vehicle costs,
companies are turning to less expensive means of transportation including
ox carts and rickshaws.
Another challenge facing the major soft drink companies is regaining
consumer confidence in the aftermath of a well- publicized scandal over the
presence of pesticides in some soft-drink products. A major publicity
campaign aimed at regaining consumer confidence seems to be working, but
bottlers need to avoid any more issues that would throw product safety into
doubt.

Recovering and maintaining an image of quality will be a key weapon in the

struggle to take market share away from locally produced fruit beverages.
Indian consumers are ready to opt for soft drinks, but not at a premium
price.
 Indian Soft Drink Market

India soft Drink markets provide the latest retail

sales data, allowing you to identify the sectors
driving growth. ISD identifies the leading companies, the leading different
types of brands and offers strategic analysis of key factors influencing the
market - be they new product developments, packaging, Innovations,
economic / lifestyle influences, distribution or pricing issues. India Soft
Drinks can access in online strategic market analysis and an interactive
statistical database of volume and value market sizes including on-trade and
off-trade, company and brand shares, distribution and pricing data.

India soft drinks industry continued on its path to recovery from the low
growth seen between 2005 and 2006, with higher volume growth in 2008
than that seen in 2007. The mature sectors of bottled water and
fruit/vegetable juice and carbonates saw a dynamic year, with companies
refreshing their products’ brand image and packaging to attract to the new
consumers. showing product categories, such as energy drinks and
reconstituted 100% juice, saw high and double-digit growth rates, as
companies increased their products’ penetration in India. Off-trade volume
growth was slightly higher than on-trade volume growth, its convenient on-
the-go packaging, company sponsored chillers in kiranas and attractive
supermarket displays fueled off-trade sales across the hole marketing
shares.

Multinationals Companies are Coca-Cola India and Pepsi Co India

Holdings saw their off-trade value shares of soft drinks in India decline over
the review in period, as other national and regional players updated their
brand portfolios and increased the volume and demand of their brands in
India. The bottled water players, such as Parle Bisleri and Dhariwal
Industries, were particularly successful in expanding their consumer base
through a concerted effort to increase their manufacturing capacity and
move to newer regions within India.The Dabur India and Parle Agro
benefited from their first mover advantage in being present in high-growth
emerging product categories, such as 100% juice and other non-cola
carbonates from all companies in India.
Market size for FY00 was around 270 m.n cases (6480mn bottles). The
market witnessed 5- 6% growth in the early‘90s. Presently the market
growth has growth rate of 7- 8% per Annam compared to 22% growth rate
in the previous year. The market size for FY01 was 7000 mn bottles. India
soft drink market is developing more than every year.

All market preference is highly regional based. different flavors of soft drink
companies marketing succeed in various cities, While cola drinks have main
markets in metro cities and northern states of UP, Punjab, Haryana etc.
Orange flavored drinks are popular in southern states. Sodas too are sold
largely in southern states besides sale through bars. Western markets have
preference towards mango flavored drinks. Diet coke presently constitutes
just 0.7% of the total carbonated beverage market.

 Soft Drinks Available in:

All Soft drinks are available in glass bottles, aluminum cans and PET bottles
for home consumption. Fountains also dispense them in disposable
containers Non-alcoholic soft drink beverage market can be divided into fruit
drinks and soft drinks. Soft drinks can be further divided into carbonated and
non-carbonated drinks. Cola, lemon and oranges are carbonated drinks while
mango drinks come under non carbonated category and different tastes and
flavors available.

 India soft drinks Market Segmnetation:

Segmented on the basis of types of products into cola products and non-
cola products. Cola products account for nearly 61-62% of the total soft
drinks market. The brands that fall in this category are Pepsi, Coca- Cola,
Thumps Up, diet coke, Diet Pepsi etc. Non-cola segment which constitutes
36% can be divided into 4 categories based on the types of flavors available,
namely: Orange, Cloudy Lime, Clear Lime and Mango. different flavored
drinks are named in different names in all categories.

India Alcoholic Drinks Market expected to grow over 9% CAGR during 2009-
2013.India represents one of the fastest growing alcoholic drinks markets in
the world on account of rise in disposable income and greater acceptance of
alcoholic drinks as a life style product especially by country’s middle class
consumers.
 In addition, one of the lowest per capita alcohol consumption rate coupled
with enormous consumer base is all set to drive the market which will secure
an exponential growth curve of over 9% CAGR (in volume terms) by 2013.

The Leading Beverage Companies And Their Competitive Brands

Coca Cola Company

 Company Overview

Established in 1886, Coca-Cola is the world’s most ubiquitous brand. The

company and its subsidiaries are present in over 200 countries employing
over 49,000 individuals and generating revenues to the tune of US$ 21
billion. The Coca-Cola Company markets four of the world’s top-five soft
drink brands; its beverage products encompass nearly 400 brands, including
non-carbonated beverages such as waters, juices, sports drinks, teas and
coffees. The company’s net income registered a CAGR of 7.2 per cent over a
10-year period. Till date, Coca-Cola has invested over US$ 1 billion in India
and employs over 5,000 people. The Coca- Cola system in India comprises
25 wholly owned Bottling operations and another 35 franchisee-owned
bottling operations. A network of 27 contract-packers also manufactures a
range of products for the company.

 Latest Update
• Coca-Cola net revenue up 5%,July 2010
• India sales jump 22%,July 2010
• Net revenue of $8.26 billion July,2010

 Business in India
Coca-Cola is a leading player in the Indian beverage market with a 60 per
cent share in the carbonated soft drinks segment, 36 per cent share in fruit
drinks segment and 33 per cent share in the packaged water segment.
 Coca Cola Business In India

60
50
40
Share% 30

20 Share%
10
0
Carbonated Fruit Drinks Packaged
Soft drinks Drinking
Water
 Factors for success
Drinks Segment
Coca-Cola has succeeded in spite of an extremely price-sensitive consumer
with entrenched beverage consumption habits – tea, nimbu-paani
(lemonade) and a fragmented and geographically dispersed retail market,
and a high tax environment.

 Diverse product portfolio

In keeping with its goal of emerging as the single largest entity in the
beverage market, Coca-Cola has a presence in multiple segments.
• Carbonated soft drinks (Coke, Diet Coke, Fanta, Thums Up, Sprite
and Limca)
• Fruit juice based drinks (Maaza)
• Powdered soft drinks (Sunfill)
• Coffee and tea (Georgia)
• Bottled water (Kinley) and Bottled soda (Kinley Soda)
The company leverages this comprehensive portfolio, which includes a mix of
its global brands as well as the locally acquired brands like Thums Up,
Limca and Maaza
• It sells these beverages in multiple volumes of 200 ml, 300ml, 500ml,
1.5 l bottles, tetra packs as well as through vendors (fountain machines)
• Explores new markets with the introduction of new drinks (Georgia,
coffee and tea segment) and flavours (Vanilla Coke)
Availabilty:

GLASS PET CAN FOUNTAIN

200ml,300ml 500ml,600ml,1250ml,1500ml,2000ml,2250ml 330ml Various
sizes

 Brands
Coca –Cola
The worlds favorite drink. The world’s most valuable brand. The
most recognizable word across the world after OK. Coca –Cola has
a truly remarkable heritage from a humble beginning in 1886,it is
now the flagship brand of the largest manufacturer, marketer and distributor
of non- alcoholic beverages in the world.

Thumps up
It is a leading sparkling soft drink and most trusted brand in India.
Originally introduced in 1977, Thums up was acquired by the Coca
Cola Company in 1993.This brand known for its strong, fizzy taste
and its confident, mature and uniquely masculine attitude.

SPRITE
Sprite is global leader in the lemon line category, is the largest
parkling beverage brand in India. Launched in 1999,Sprite with its
cut thru perspective has managed to be a true teen icon.

FANTA
Fanta has entered in Indian market in the year 1993.Fanta stands for its
vibrant color,tempting taste and tingling bubbles.

LIMCA
Born in 1971,Limca has remained unchallenged as the No. 1 sparkiling
Drink in the cloudy lemon segment.The main point in the brand is the
“Freshness”.

PULPY ORANGE
The company developed a process that eliminated 80 % of the water in
orange juice.forming a frozen concentrate that when reconsitituted
created orange juice.
MAAZA
Mango.It is a fruit associated with good times like no other.Apy called the
king o fruits.

KINLEY
Kinley water understands the importance and value of the life giving
fore.Kinley water comes with the assurance of safety from the Coca-Cola
Company. Coca-Cola introduced Kinley with reverse osmosis along with
latest technology.
Available in 500ml,100ml in PET.

Financial Report

Mar 2003 Mar 2004

Hindustan Coca-Cola Mktg. Co. Pvt. Ltd.
Rs. Crore (Non-Annualised) 12 mths 12 mths
-
Total income 703.89 712.37
Sales 700.73 709.16
Income from financial services 0 0

Total expenses 793.44 836.09

Raw material expenses 0 0
Power, fuel & water charges 1.31 1.21
Compensation to employees 23.1 25.01
Indirect taxes 76.45 68.89
Selling & distribution expenses 50.62 61.3
Other operational exp. of indl. enterprises 0.19 0.46
Other oper. exp. of non-fin. service enterprises 0 0

PBDITA -86.89 -126.34

PBDTA -86.89 -126.34
PBT -87.38 -127.07
PAT -87.38 -127.07

Net worth -192.54 -319.61

Paid up equity capital (net of forfeited capital) 0.01 0.01
Reserves & surplus -192.55 -319.62

Total borrowings 0 0.51

Current liabilities & provisions 351.88 506.92

Total assets 159.34 187.82

Gross fixed assets 2.99 3.37
Net fixed assets 2.42 2.07
 Investments 0 0
Current assets 156.92 185.75
Loans & advances 0 0

Growth (%)
Total income 1.20473369
Total expenses 5.37532769
PBDITA Error
PAT Error
Net worth Error
Total assets 17.8737291

Profitability ratios (%)

PBDITA Net of P&E/Total income net of P&E -12.3428377 -17.7351657
PAT Net of P&E/Total income net of P&E -12.4124508 -17.8376406
PAT Net of P&E/Avg. net worth 0 0
PAT/Avg. net worth 0 0
PAT Net of P&E/Avg. total assets -73.2054384
PAT/Avg. total assets -73.2054384

Liquidity ratios (times)

Current ratio 0.55771965 0.4283112
Debt to equity ratio 0 0
Interest cover Error Error
Debtors (days) 30.2356661
Creditors (days) 163.834963 222.51095

Efficiency ratios (times)

Total income / Avg. total assets 4.10398663
Total income / Compensation to employees 30.4714286 28.4834066

Product details

Hindustan Coca-Cola Mktg. Co. Pvt. Ltd.

Product/s Capacit Product Purcha Purcha Openi Closi Sales Sales
manufactured/t y ion qty se qty se ng ng qty value
raded value stock stock
s qty s qty
/Units /Units /Units Rs. /Units /Units /Units Rs. Crore
Crore
Mar (12
2009 mths)
Soft Drinks In 0 0 330305 3.66 56421 0 384672 5.98
Rgb'S
Cases Cases Case Cases
s
Soft Drinks 0 0 154639 5.31 37650 0 189336 8.17
(Pet)
Cases Cases Case Cases
s
Others 0 0 0 1.19 0 0 0 16.15

Soft Drink In 0 0 14107 0.55 7352 0 21345 1.05

 Can
Cases Cases Cases Case Cases
s

PepsiCO India

 Company Overview
PepsiCo entered India in 1989 and has grown to become one of the country’s
leading food and beverage companies. One of the largest multinational
investors in the country, PepsiCo has established a business which aims to
serve the long term dynamic needs of consumers in India. PepsiCo nourishes
consumers with a range of products from treats to healthy eats that deliver
joy as well as nutrition and always, good taste.

PepsiCo India’s expansive portfolio includes iconic refreshment beverages

Pepsi, 7 UP, Mirinda and Mountain Dew, in addition to low calorie options
such as Diet Pepsi, hydrating and nutritional beverages such as Aquafina
drinking water, isotonic sports drinks - Gatorade, Tropicana 100% fruit
juices, and juice based drinks – Tropicana Nectars, Tropicana Twister and
Slice, non-carbonated beverage and a new innovation Nimbooz by 7Up. Local
brands – Lehar Evervess Soda, Dukes Lemonade and Mangola add to the
diverse range of brands.

The group has built an expansive beverage and foods business. To support
its operations, PepsiCo has 36 bottling plants in India, of which 13 are
company owned and 23 are franchisee owned. In addition to this, PepsiCo’s
Frito Lay foods division has 3 state-of-the-art plants. PepsiCo’s business is
based on its sustainability vision of making tomorrow better than today.
PepsiCo’s commitment to living by this vision every day is visible in its
contribution to the country, consumers and farmers.

 Brands
Foods
PepsiCo’s food division, Frito-Lay, is the leader in the branded salty snack
market and all Frito Lay products are free of trans-fat and MSG. It
manufactures Lay’s Potato Chips, Cheetos extruded snacks, Uncle Chipps
and traditional snacks under the Kurkure and Lehar brands. The company’s
high fibre breakfast cereal, Quaker Oats, and low fat and roasted snack
options enhance the healthful choices available to consumers. Frito Lay’s
core products, Lay’s, Kurkure, Uncle Chipps and Cheetos are cooked in Rice
Bran Oil to significantly reduce saturated fats and all of its products contain
voluntary nutritional labeling on their packets.

Beverages

PepsiCo India’s expansive portfolio includes iconic

refreshment beverages Pepsi, 7 UP, Nimbooz, Mirinda
and Mountain Dew, in addition to low calorie options
such as Diet Pepsi, hydrating and nutritional beverages
such as Aquafina drinking water, isotonic sports drinks -
Gatorade, Tropicana100% fruit juices, and juice based
drinks – Tropicana Nectars, Tropicana Twister and Slice.
Local brands – Lehar Evervess Soda, Dukes Lemonade and Mangola add to
the diverse range of brands.

PEPSI

Pepsi is a hundred year old brand loved by over 200

million people worldwide. The largest single selling soft
drink brand in India is the ubiquitous'socialiser'at every
occasion. Youngistaan loves it. 200 million people
worldwide love it. But what has made Pepsi the single
largest selling soft drink brand in India is actually a formula concocted a
century ago in a far away continent
7UP
7UP, the refreshing clear drink with natural lemon and lime
flavour was created in 1929. 7UP was launched in India
in 1990 and its international mascot Fido Dido was used
for advertising in 1992 to position the brand as a cool
drink for youngsters. 7UP’s brand communication is premised on
the product’s natural lemon flavor , guaranteed to provide
uplifting lemon refreshment that raises one’s spirits.
Aquafina
In India, Aquafina’s journey began with the Bombay launch
in 1999 and it was rolled out nationally by the year 2000.
On the strength of its brand appeal and distribution,
Aquafina has become one of India's leading brands of
bottled water in a relatively short span. Bottled across India
in 19 plants, Aquafina ensures its availability across more
than half a million outlets. To cater to varied consumer
needs and occasions, it is available in various pack sizes like
300ml, 500ml, 1 ltr, 2 ltr bottles and in bulk water jars of 25lts.

Gatorade
Gatorade, World’s No.1 Sports Drink, was indeed born on the field
of sports! Gatorade was launched in India in 2004 and over the
years, has become an integral part of the kitbags of many top
sports people. Top sports stars and professionals have tried and
endorsed Gatorade in India including Sachin Tendulkar, Irfan
Pathan, Md. Kaif, S. Sreesanth Ramji Srinivasan and Javagal Srinath.

Mountain Dew
It is a soft drink that exhilarated like no other because of its daring,
high-energy, active, extreme citrus taste. Challenge, a can do
attitude, adventure and exhilaration is deeply entrenched in its brand
DNA and the brand has always celebrated the bold and adventurous
spirit of the youth.
This exhilaration and excitement of Mountain Dew has always been reflected
in the high-adrenaline advertising of the brand that connected it to outdoor
adventure.
In 2007, the brand was re-launched with a completely new, punchier
formulation with communication that aimed at forging a strong emotional
connect with our audience.
Nimbooz
Nimbooz was launched in India this year on the 28th of
February 2009. Latest addition to portfolio of Pepsi Beverages.
The product is available in 3 convenient formats, 350ml PET,
200ml RGB and 200ml Tetra at magic price points of Rs.15, Rs.
10 and Rs. 10 respectively.

Slice
Slice was launched in India in 1993 as a refreshing mango drink and
quickly went on to become a leading player in the category.In 2008,
Slice was relaunched with a 'winning' product formulation which
made the consumers fall in love with its taste. With refreshed pack
graphics and clutter breaking advertising, Slice has driven strong appeal
within the category.

Tropicana
Tropicana Premium Gold was re-launched as Tropicana 100% in year
2008.It continues to select the best in fruit to craft high-quality
juices, create original products, pioneer innovative processes and
explore new markets for its products. It is devoted towards a
healthful lifestyle by ensuring that the products are naturally
nutritious and provide the daily benefits that one needs.
Categories in India, Tropicana comes in 2 varieties: 100% Juices (sold as
Tropicana 100%) and Juice beverages & nectars (sold as Tropicana).
20 oranges= 1L Tropicana 100% Orange juice
8 apples= 1L Tropicana 100% Apple juice
1.25 Kg grapes= 1L Tropicana 100% Grape juice
1.3 Kg Mixed fruits= 1L Tropicana 100% Mixed fruit juice

Mirinda
Mirinda is an international soft drink brand from Spain that was
launched in India in 1991. In 2008, the brand decided to up the ante
on the brand from a being led by physical attribute-taste, to deliver a
brand philosophy that resonates with the audience. Now, Mirinda's
bold and vibrant colour, great orangey taste and sparkling bubbles
encourages one to be more carefree, spontaneous and playful.
 Financial Report

Executive Summery

Pepsico India Holdings Pvt. Ltd. Mar 2004 Mar 2005 Mar 2007 Mar 2008

Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths

-
Total income 945.47 1803.57 2450.91 2831.85
Sales 924.28 1753.31 2413.02 2803.83
Income from financial services 5.81 6.97 5.08 3.6

Total expenses 1063.1 1871.92 2464.56 2829.63

Raw material expenses 190.43 413.6 564.03 693.02
Power, fuel & water charges 29.19 41.36 75.47 88.97
Compensation to employees 68.99 109.84 157.98 195.52
Indirect taxes 233.08 302.59 355.5 387.73
Selling & distribution expenses 72.77 259.97 344.58 443.55
Other operational exp. of indl. enterprises 0 0 0 0
Other oper. exp. of non-fin. service enterprises 0 0 0 0

PBDITA 43.62 179.25 221.47 225.6

PBDTA -0.81 136.98 176.14 189.86
PBT -124.67 -64.77 -1.53 28.43
PAT -124.71 -64.83 -5.02 23.75

Net worth 837.17 707.8 638 655.61

Paid up equity capital (net of forfeited capital) 1456.25 1126.25 1126.25 1126.25
Reserves & surplus -619.08 -418.45 -488.25 -470.64

Total borrowings 921.1 888.95 686.74 742.51

Current liabilities & provisions 225.14 478.58 470.8 607.14

Total assets 2114.56 2245.02 1795.54 2005.26

Gross fixed assets 1497.21 1868.51 2065.26 2255.09
Net fixed assets 905.82 1022.79 849.11 909.73
Investments 335.03 231.5 234.95 234.86
Current assets 565.58 706.71 564.35 738.7
Loans & advances 176.98 114.33 147.13 121.97

Growth (%)
Total income 90.7590934 16.5727872 15.5427984
Total expenses 76.0812718 14.7429617 14.8127861
PBDITA 310.935351 11.1547102 1.86481239
PAT Error Error Error
Net worth -15.4783377 -5.05431213 2.76702149
Total assets 6.16960502 -10.5691342 11.6800517

Profitability ratios (%)

PBDITA Net of P&E/Total income net of P&E 3.80265127 8.05440929 9.240558 7.58221562
 PAT Net of P&E/Total income net of P&E -14.1928587 -5.76188293 -0.09896622 0.40667892
PAT Net of P&E/Avg. net worth 0 -13.1769549 0 1.76869381
PAT/Avg. net worth 0 -8.39239597 0 3.67189493
PAT Net of P&E/Avg. total assets -4.66971589 0.60197853
PAT/Avg. total assets -2.97413971 1.2497369

Liquidity ratios (times)

Current ratio 0.75509332 0.62886864 0.74131726 0.75613651
Debt to equity ratio 1.10025443 1.25630662 1.07661436 1.13270381
Interest cover -1.98717083 -1.4066714 1.02404589 1.45103525
Debtors (days) 23.7478683 19.7514204
Creditors (days) 77.3172972 95.8567425 67.4426645 73.1360919

Efficiency ratios (times)

Total income / Avg. total assets 0.82744525 1.49021991
Total income / Compensation to employees 13.7044499 16.4199745 15.5140524 14.4836845

Income & expenditure

Pepsico India Holdings Pvt. Ltd. Mar 2004 Mar 2005 Mar 2007 Mar 2008

Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths

-
Total income 945.47 1803.57 2450.91 2831.85
Sales 924.28 1753.31 2413.02 2803.83
Industrial sales 753.24 1597.69 2167.9 2685.58
Income from non-financial services 171.04 155.62 245.12 118.25
Income from financial services 5.81 6.97 5.08 3.6
Interest 5.8 6.97 4.44 2.91
Dividends 0 0 0 0.37
Treasury operations 0.01 0 0.64 0.32
Other income 5.31 6.33 6.97 5.6
Prior period income & extraordinary income 10.07 36.96 25.84 18.82
Change in stock -7.08 3.52 8.63 21.53

Total expenses 1063.1 1871.92 2464.56 2829.63

Raw material expenses 190.43 413.6 564.03 693.02
Packaging expenses 117.91 252.62 328.95 404.74
Purchase of finished goods 103.03 126.83 200.07 179.87
Power, fuel & water charges 29.19 41.36 75.47 88.97
Compensation to employees 68.99 109.84 157.98 195.52
Indirect taxes 233.08 302.59 355.5 387.73
Royalties, technical know-how fees, etc. 5.66 6.24 10.35 10.76
Lease rent & other rent 3.46 8.58 12.79 17.17
Repairs & maintenance 23.44 29.44 36.75 48.98
Insurance premium paid 1.96 2.34 2.77 2.27
Outsourced mfg. jobs (incl. job works, etc.) 0 0 4.64 7.32
Outsourced professional jobs 4.91 7.44 28.28 34.34
Directors' fees 0 0 0 0
Selling & distribution expenses 72.77 259.97 344.58 443.55
Travel expenses 10.97 20.28 26.18 32.87
Communication expenses 3.46 5.31 6.06 6.73
Printing & stationery expenses 0 0 0 0
Miscellaneous expenses 18.11 33.65 36.65 47.15

Other operational exp. of indl. enterprises 0 0 0 0

Other oper. exp. of non-fin. service enterprises 0 0 0 0
Share of loss in subsidiaries/JVs,etc. 0 0 0 0
Lease equalisation adjustment 0 0 0 0
Loss on securitisation of assets/loans 0 0 0 0
Fee based financial service expenses 0 0 0 0
Treasury operations expenses 0 0 0.14 0.44
Total provisions 3.4 5.52 13.65 17.47
Write-offs 1.98 2.23 4.77 2.37
Less: Expenses capitalised 0 0 0 0
Less: DRE & expenses charged to others 0 0 0 0

Prior period & extraordinary expenses 2.02 0 28.46 6.51

Interest paid 44.43 42.27 45.33 35.74
Financial charges on instruments 0 0 0 0
Expenses incurred on raising deposits/debts 0 0 0 0
Depreciation 123.78 201.75 177.67 161.43
Amortisation 0.08 0 0 0
Provision for direct taxes 0.04 0.06 3.49 4.68
PAT -124.71 -64.83 -5.02 23.75

PBDITA 43.62 179.25 221.47 225.6

PBDTA -0.81 136.98 176.14 189.86
PBT -124.67 -64.77 -1.53 28.43

Product details
 Pepsico India Holdings Pvt. Ltd.
Product/s Capac Produ Purch Purc Openi Closin Sales Sales
manufactured/traded ity ction ase hase ng g qty value
qty qty value stock stock
s qty s qty
/Units /Units /Units Rs. /Units /Units /Units Rs.
Crore Crore
Mar (12
2010 mths)
Aerated & Non 857.54 901.73 114.13 248.3 37.21 42.9 1010.1 2078.4
Aerated Beverages 8 7 1
Lakh Lakh Lakh Lakh Lakh Lakh
cases cases cases cases cases cases
Potato Chips 39975 33669 0 0 1547 1398 33818 816.86
Tonne Tonne Tonne Tonne Tonne Tonne
s s s s s s
Namkeens 62421 47918 0 0 1528 1539 47907 692.53
Tonne Tonne Tonne Tonne Tonne Tonne
s s s s s s
Agro Products 0 0 19948 31.92 0 0 19948 32.69
Tonne Tonne
s s
Others 0 0 0 4.4 0 0 0 60.48

Other Snacks 0 5341 0 0 0 0 0 0

Tonne
s
Biscuits 3995 1373 0 0 0 101 1272 20.62
Tonne Tonne Tonne Tonne Tonne
s s s s s

Dabur India Limited

 Company Overview

Dabur India Limited has marked its presence with significant achievements
and today commands a market leadership status. Our story of success is
based on dedication to nature, corporate and process hygiene, dynamic
leadership and commitment to our partners and stakeholders. The results of
our policies and initiatives speak for themselves. the three major strategic
business units (SBU) –
• Consumer Care Division (CCD)
• Consumer Health Division (CHD)
• International Business Division (IBD)
  Financial Highlight
Leading consumer goods company in India with
a turnover of Rs. 2834.11 Crore (FY09)

 Brands

Dabur Fruit based drinks:

Réal

Réal has been the preferred choice of consumers when it comes

to packaged fruit juices, which is what makes India's No. 1
Fruit Juice brand. A validation of this success is that Réal
has been awarded ‘India’s Most Trusted Brand’ status for
four years in a row.Today, Réal has a range o f 14 exciting
variants - from the exotic Indian Mango, Mausambi, Guava & Litchi to
international favourites like Pomegranate, Tomato, Cranberry, Peach,
Blackcurrant & Grape and the basic Orange, Pineapple, Apple & Mixed Fruit.
This large range helps cater different needs and occasions and has helped
Réal maintain its dominant market share.

• India's No. 1 Fruit Juice brand

• Voted as a Superbrand
• Voted by consumers as the most trusted fruit juice brand for four years
in a row
• Réal awarded the Reader’s Digest Trusted Brand Gold Award 2009 in
the food and beverages category

Réal Activ

Réal Activ is a range of unsweetened juices that contain NO

ADDED SUGAR, COLOURS OR PRESERVATIVES. Real Activ juices
are made from concentrated juices. After the juice is pressed from
the fruit, the water is removed to reduce trans portation load. At
our factories, during the manufacturing of juices/ juice blends, we
add back the equivalent quantity of water. Thus, Réal Activ Juices have as
much juice as present in respective fruit.

Réal Activ Juices contain

• 0% Added Sugar
 • No Added Colour or Preservatives
• Naturally rich in antioxidant Nutrients
• Helps meet 1 serve of your 5-a-day

Réal Burrst

Réal Burrst, the latest addition to Dabur's Foods portfolio, has a

range of light & refreshing fruit beverage.Available in 4 exciting
flavours of Mixed Fruit, Crispy Apple, Orange
Bytez and Mango Mania, Réal Burrst promises an experience
that delivers refreshment through lightness of fresh fruits to
you.Réal Burrst comes in an attractive tetrapack highlighting the
'Lite and Refreshing' qualities of fruits that it brings to you. All 4
variants are made available in 1 liter and 200 ml packs, priced at Rs. 65 and
Rs. 15 respectively.

LEMONEEZ

A 250 ml bottle of Lemoneez is equal to juice 25 lemons

approximately.

Financial Report
Executive Summary
Dabur Foods Ltd. [Merged] Mar 2002 Mar 2003 Mar Mar Mar Mar 2007
2004 2005 2006
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 12 mths 12 mths 12 mths
mths
-
Total income 53.35 69.24 87.25 130.18 193.05 243.61
Sales 53.28 69.15 85.8 129.74 190.05 243.4
Income from financial services 0.03 0.01 0 0.32 1.43 0.21

Total expenses 57.02 69.15 85.19 131.06 184.19 239.95

Raw material expenses 0.78 2.51 2.62 9.78 12.08 14.87
Power, fuel & water charges 0 0 0 0 0.13 2.39
Compensation to employees 2.83 2.99 3.85 4.05 7 11.02
Indirect taxes 5.23 7.24 8.98 13.19 11.63 10.89
Selling & distribution expenses 11.19 14.04 15.73 26.34 34.57 42.75
Other operational exp. of indl. enterprises 0 0 0 0 0 0
Other oper. exp. of non-fin. service 0 0 0 0 0 0
enterprises
 PBDITA 0.71 2.06 4.62 7.77 16.42 16.9
PBDTA -0.1 0.8 2.74 5.72 14.2 12.96
PBT -1.25 -0.35 1.58 5.71 13.7 10.79
PAT -1.25 -0.35 1.46 5.26 12.1 7.84

Net worth -11.18 -11.53 -10.07 -4.81 17.29 20.24

Paid up equity capital (net of forfeited 10 10 10 10 20 20
capital)
Reserves & surplus -21.18 -21.53 -20.07 -14.81 -2.71 0.24

Total borrowings 18.27 26.64 24.62 33.65 25.79 58.32

Current liabilities & provisions 13.97 4.06 6.01 11.91 16.62 28.57

Total assets 21.06 19.17 20.56 40.75 59.7 110.39

Gross fixed assets 0.02 0.01 0.07 0.07 12.39 40.57
Net fixed assets 0.01 0.01 0.06 0.05 11.86 36.1
Investments 0 0 5.05 5 5 0
Current assets 18.27 17.71 15.28 27.52 41.14 73.99
Loans & advances 0.45 0.26 0.13 8.14 1.66 0.18

Growth (%)
Total income 43.6069987 29.7844424 26.0109 49.203438 48.294668 26.190106
763 4 9 2
Total expenses 22.7556512 21.2732375 23.1959 53.844347 40.538684 30.273087
508 9 6 6
PBDITA Error 190.140845 124.271 68.181818 111.32561 2.9232643
845 2 1 1
PAT Error Error Error 260.27397 130.03802 -
3 3 35.206611
6
Net worth Error Error Error Error Error 17.061885
5
Total assets 32.9545455 -8.97435897 7.25091 98.200389 46.503067 84.907872
288 1 5 7

Profitability ratios (%)

PBDITA Net of P&E/Total income net of 1.61199625 2.97515887 3.84033 5.9686587 8.5055685 7.0563605
P&E 516 8 1 8
PAT Net of P&E/Total income net of P&E -2.06185567 -0.50548816 0.16292 4.0405592 6.2678062 3.3373014
331 3 7 2
PAT Net of P&E/Avg. net worth 0 0 0 0 193.91025 43.325339
6 7
PAT/Avg. net worth 0 0 0 0 193.91025 41.779909
6 4
PAT Net of P&E/Avg. total assets -5.96205962 -1.73999503 0.70475 17.158701 24.091587 9.5596448
711 7 9 9
PAT/Avg. total assets -6.77506775 -1.73999503 7.34960 17.158701 24.091587 9.2186489
987 7 9 5

Liquidity ratios (times)

Current ratio 0.82186235 0.96617567 0.76019 0.7326943 1.3101910 1.2948897
9 6 8 4
Debt to equity ratio 0 0 0 0 1.4916136 2.8814229
5 2
Interest cover -0.35802469 0.72222222 1.13829 3.7853658 7.1711711 3.8121827
787 5 7 4
Debtors (days) 37.3700263 36.236081 25.9498 20.691960 21.337279 31.693816
834 8 7 8
Creditors (days) 91.0669342 21.3674572 25.5066 31.789863 28.931811 38.550419
699 5 9 3
Efficiency ratios (times)
Total income / Avg. total assets 3.4231633 3.76406632 4.52306 4.2466155 3.8437033 2.8644835
895 6 3 1
Total income / Compensation to 18.8515901 23.1571906 22.6623 32.143209 27.578571 22.106170
employees 377 9 4 6

Income & expenditure

Dabur Foods Ltd. [Merged] Mar Mar Mar Mar Mar Mar
2002 2003 2004 2005 2006 2007
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Total income 53.35 69.24 87.25 130.18 193.05 243.61
Sales 53.28 69.15 85.8 129.74 190.05 243.4
Industrial sales 0 0 0 0.04 6.43 26.67
Income from non-financial services 53.28 69.15 85.8 129.7 183.62 216.73
Income from financial services 0.03 0.01 0 0.32 1.43 0.21
Interest 0.03 0.01 0 0.32 0.51 0.04
Dividends 0 0 0 0 0 0
Treasury operations 0 0 0 0 0 0
Other income 0.04 0.08 0.13 0.12 1.57 0
Prior period income & extraordinary income 0 0 1.32 0 0 0
Change in stock 2.42 -0.44 -0.6 6.14 3.24 4.18

Total expenses 57.02 69.15 85.19 131.06 184.19 239.95

Raw material expenses 0.78 2.51 2.62 9.78 12.08 14.87
Packaging expenses 0.42 0.43 0.78 1.91 3.67 13.28
Purchase of finished goods 32.79 37.23 47.28 68.44 98.08 122.42
Power, fuel & water charges 0 0 0 0 0.13 2.39
Compensation to employees 2.83 2.99 3.85 4.05 7 11.02
Indirect taxes 5.23 7.24 8.98 13.19 11.63 10.89
Royalties, technical know-how fees, etc. 0 0 0 0 0 0
Lease rent & other rent 0.13 0.14 0.1 0.39 1.21 2.25
Repairs & maintenance 0 0 0 0 0.16 0.71
Insurance premium paid 0.02 0.02 0.07 0.13 0.21 0.54
Outsourced mfg. jobs (incl. job works, etc.) 0.02 0.63 0.8 1.62 6.72 1.56
Outsourced professional jobs 0.11 0.12 0.18 0.25 0.31 0.47
Directors' fees 0 0 0 0 0 0
Selling & distribution expenses 11.19 14.04 15.73 26.34 34.57 42.75
Travel expenses 0.97 0.94 1.04 1.1 1.88 2.5
Communication expenses 0.1 0.1 0.02 0.02 0.05 0.32
Printing & stationery expenses 0 0 0 0 0 0
Miscellaneous expenses 0.24 0.23 0.26 1.03 1.95 3.91

Other operational exp. of indl. enterprises 0 0 0 0 0 0

Other oper. exp. of non-fin. service 0 0 0 0 0 0
enterprises
Share of loss in subsidiaries/JVs,etc. 0 0 0 0 0 0
Lease equalisation adjustment 0 0 0 0 0 0
Loss on securitisation of assets/loans 0 0 0 0 0 0
Fee based financial service expenses 0.08 0.08 0.1 0.1 0.19 0.23
Treasury operations expenses 0 0 0 0 0 0
 Total provisions 0 0 0 0 0 0
Write-offs 0 0.04 0.22 0.2 0.03 0.49
Less: Expenses capitalised 0 0 0 0 0 0
Less: DRE & expenses charged to others 0 0 0 0 0 0

Prior period & extraordinary expenses 0.15 0 0 0 0 0.29

Interest paid 0.81 1.26 1.88 2.05 2.22 3.94
Financial charges on instruments 0 0 0 0 0 0
Expenses incurred on raising deposits/debts 0 0 0 0 0 0
Depreciation 0 0 0.01 0.01 0.5 2.17
Amortisation 1.15 1.15 1.15 0 0 0
Provision for direct taxes 0 0 0.12 0.45 1.6 2.95
PAT -1.25 -0.35 1.46 5.26 12.1 7.84

PBDITA 0.71 2.06 4.62 7.77 16.42 16.9

PBDTA -0.1 0.8 2.74 5.72 14.2 12.96
PBT -1.25 -0.35 1.58 5.71 13.7 10.79

Product details

Dabur Foods Ltd. [Merged]

Product/s Capaci Product Purch Purch Openi Closi Sales Sales
manufactured/t ty ion qty ase ase ng ng qty value
raded qty value stock stock
s qty s qty
/Units /Units /Units Rs. /Units /Units /Units Rs.
Crore Crore
Mar (12
2007 mths)
Fruit Juices 0 5198.61 31866. 91.18 2550. 2374. 37241. 202.97
93 87 79 6
000 000 000 000 000
litres litres litres litres litres
Vegetable 0 426.49 1284.2 6.09 56.65 229.0 1538.3 11.46
Pastes 9 4 8
Tonnes Tonnes Tonne Tonne Tonne
s s s
Others 0 0 0 25.15 0 0 0 28.04

Glaxosmithkline Consumer Healthcare Ltd.

Brief profile
Glaxosmithkline Consumer Healthcare Ltd. Website: www.gsk-ch.in
 Industry Malted milk foods Industry P/E 43.65
ROC Reg. No. 2257 Incorporation Year 1958
Ownership Glaxo (F) Group
Registered office address
Patiala Road, Nabha Patiala – Punjab

Tel no. 311156

Fax no. 3746276

ISIN Code INE264A01014

BSE Demat Code 500676
BSE Listing group B
NSE Scrip Code GSKCONS
Face value (Rs) 10
Beta 0.453

Listed On Bombay , Delhi , National

Company Background

GlaxoSmithKline Consumer Healthcare Ltd is the second largest listed dairy

products company in India with an annual turnover of Rs.1,270 crore. It operates in
a niche segment, malted milk foods and commands a huge market share of 74.5 per
cent (2006--07) followed by Cadbury India (17.2 per cent). Incorporated in 1958,
the company is an Indian associate of GlaxoSmithKline plc U.K. It was formerly
known as Smithkline Beecham Consumer Healthcare Ltd and got re--christened in
April 2002, following the global merger of its parent company, erstwhile
SmithKline Beecham with Glaxo Wellcome plc in December 2000.

The company's product portfolio is grouped under three heads; viz nutritional,
vending and over the counter (OTC) products.

The nutritional business contributed 93.2 per cent to the company's total
revenues in 2006. The segment offers a number of health food drinks, catering to
different needs of consumers. Available in four flavours, viz; vanilla, toffee, elaichi
and chocolate, its flagship malted food brand, Horlicks, is present in India for more
than last 100 years. Over the years, the company has introduced different variants
of Horlicks drink such as Horlicks Ninja, Junior Horlicks, Mother's Horlicks and
Horlicks Lite & Lite Bite, catering to the specific needs of a wide range of
customers, right from pre-school children to adolescents and from pregnant women
to health conscious adults including diabetics. The company boasts to command
more than half of the health food drinks market through the Horlicks brand.
Leveraging upon its popularity, the company has extended the Horlicks brand to
biscuits.
 Besides Horlicks, the company also owns a few other popular health food
drink brands such as Boost, Maltova (chocolate flavoured health food drinks) and
Viva. While Horlicks and Boost are its home grown brands, Maltova and Viva
were acquired from Jagatjit Industries in 2000.

The company has an installed capacity to manufacture 94,060 tonnes of

malted milk products per annum, spread over three facilities located at Nabha
(Punjab), Rajmundry (Andhra Pradesh) and Sonepat (Haryana). It has a strong
marketing and distribution network comprising over 1,800 wholesalers and over
four lakh retail outlets across India.

In order to increase the reach of its nutritional offerings, particularly out of

home, the company started setting up vending machines in corporates, schools and
hospital from July 2003. Today, there are 500 vending machines across India
offering frothy cups of Horlicks and Boost.

Under its OTC business, the company promotes and distributes a number of
products in diverse categories that are sold withought the doctors' prescription.
Some of its famous brands under this category are Crocin (paracetamol), Eno
(antacid) and Iodex (balm).

Financial Data

Executive Summary
Glaxosmithkline Consumer Dec Dec Dec Dec Dec Dec
2004 2005 2006 2007 2008 2009
Healthcare Ltd.
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Total income 1030.36 1141.62 1268.37 1464.67 1795.93 2117.05
Sales 987.82 1092.28 1236.56 1430.61 1747.35 2086.23
Income from financial services 8.32 8.94 12.81 20.15 43.52 24.46

Total expenses 951.39 1072.57 1142.89 1329.33 1653.47 1898.1

Raw material expenses 217.12 251.23 276.01 348.59 472.52 494.46
Power, fuel & water charges 24.85 27.34 29.93 30.44 44.24 39.64
 Compensation to employees 107.56 121.45 136.37 154.94 171.96 200.7
Indirect taxes 139.17 142.43 116.5 128.39 165.65 117.04
Selling & distribution expenses 147.32 176.09 201.65 230.51 272.18 392.32
Other operational exp. of indl. enterprises 0 0 0 0 0 0
Other oper. exp. of non-fin. service 0 0 0 0 0 0
enterprises

PBDITA 167.46 211.97 236.83 293.24 331.37 402.76

PBDTA 162.21 207.75 233.3 288.63 326.03 398.49
PBT 115.84 165.9 190.59 245.14 284.08 356.47
PAT 73.16 107.15 126.93 162.68 188.33 232.78

Net worth 529.35 475.12 542.72 646.36 760.89 905.11

Paid up equity capital (net of forfeited 45.38 42.06 42.06 42.06 42.06 42.06
capital)
Reserves & surplus 483.97 433.06 500.66 604.3 718.83 863.05

Total borrowings 1.24 0 0 0 0 0

Current liabilities & provisions 178.31 589.91 682.68 809.67 985.16 1072.76

Total assets 747.45 1097.93 1254.05 1479.38 1764.27 1990.7

Gross fixed assets 504.64 517.74 528.23 540.99 555.35 596.27
Net fixed assets 307.4 283.79 257.89 243.33 226.12 232.28
Investments 0 0 219.68 297.84 0 0
Current assets 433.48 808.84 771.9 932.14 1526.51 1734.57
Loans & advances 0 0 0 0 0 0

Growth (%)
Total income 6.3531549 10.798167 11.10264 15.47655 22.61669 17.88042
6 36 65 86 96
Total expenses 6.0351745 12.737153 6.556215 16.31303 24.38371 14.79494
4 45 1 21 64
PBDITA 3.0206090 26.579481 11.72807 23.81877 13.00300 21.54389
4 7 47 3 1 35
PAT - 46.459814 18.46010 28.16513 15.76715 23.60218
4.1781270 1 27 04 02 76
5
Net worth 8.6514778 - 14.22798 19.09640 17.71922 18.95411
3 10.244639 45 33 77 95
7
Total assets 5.6317128 46.890093 14.21948 17.96818 19.25739 12.83420
3 58 31 16 34

Profitability ratios (%)

PBDITA Net of P&E/Total income net of P&E 15.437760 18.185340 18.52808 19.59931 18.43295 18.86323
9 1 72 09 36 62
PAT Net of P&E/Total income net of P&E 6.1964681 8.9561963 9.845144 10.63837 10.45664 10.81814
2 5 98 09 16 05
PAT Net of P&E/Avg. net worth 12.380318 20.253467 24.48518 26.07057 26.65055 27.43937
4 43 56 96 58
PAT/Avg. net worth 14.324594 21.334634 24.94105 27.36233 26.76567 27.94477
2 2 16 05 77 79
PAT Net of P&E/Avg. total assets 8.6911102 11.024287 10.59617 11.34106 11.56228 12.17426
7 7 85 23 32 5
PAT/Avg. total assets 10.056011 11.612784 10.79345 11.90299 11.61222 12.39850
8 4 91 37 7 12

Liquidity ratios (times)

Current ratio 2.4142578 1.4430172 1.188013 1.208108 1.611007 1.655171
7 67 14 33 43
 Debt to equity ratio 0.0023425 0 0 0 0 0
Interest cover 21.173333 39.026066 54.33427 52.50976 54.04681 83.49648
3 4 76 14 65 71
Debtors (days) 8.7072796 8.8586717 8.114325 7.317298 7.573225 6.788321
7 7 22 22 17 52
Creditors (days) 71.302007 66.073742 66.20759 66.26198 60.45057 80.48691
8 8 03 03 6 88

Efficiency ratios (times)

Total income / Avg. total assets 1.421049 1.2372736 1.078555 1.071671 1.107351 1.127598
2 09 86 29 89
Total income / Compensation to employees 9.5793975 9.3999176 9.300945 9.453143 10.44388 10.54833
5 6 96 15 23 08

Income & expenditure

Glaxosmithkline Consumer Healthcare Dec Dec Dec Dec Dec Dec
2004 2005 2006 2007 2008 2009
Ltd.
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Total income 1030.36 1141.62 1268.37 1464.67 1795.93 2117.05
Sales 987.82 1092.28 1236.56 1430.61 1747.35 2086.23
Industrial sales 983.69 1088.64 1213.61 1399.59 1705.21 1961.54
Income from non-financial services 4.13 3.64 22.95 31.02 42.14 124.69
Income from financial services 8.32 8.94 12.81 20.15 43.52 24.46
Interest 8.32 8.91 7.15 2.54 18.12 24.46
Dividends 0 0 5.66 17.61 18.03 0
Treasury operations 0 0.03 0 0 7.37 0
Other income 24.28 34.53 16.33 6.23 2.44 2.15
Prior period income & extraordinary income 9.94 5.87 2.67 7.68 2.62 4.21
Change in stock -5.81 38.1 1.45 27.34 45.87 13.83

Total expenses 951.39 1072.57 1142.89 1329.33 1653.47 1898.1

Raw material expenses 217.12 251.23 276.01 348.59 472.52 494.46
Packaging expenses 81.47 99.89 111.56 123.02 161.11 169.92
Purchase of finished goods 8.09 1.57 0 0 0 65.23
Power, fuel & water charges 24.85 27.34 29.93 30.44 44.24 39.64
Compensation to employees 107.56 121.45 136.37 154.94 171.96 200.7
Indirect taxes 139.17 142.43 116.5 128.39 165.65 117.04
Royalties, technical know-how fees, etc. 33.28 38.05 46.49 54.31 56.45 70.39
Lease rent & other rent 10.16 9.54 9.16 9.25 14.66 17.73
Repairs & maintenance 11.2 11.36 11.89 14.73 14.07 18.5
Insurance premium paid 7.11 6.48 6.31 6.25 5.92 4.9
Outsourced mfg. jobs (incl. job works, etc.) 35.57 44.82 48.29 50.6 68.29 72.08
Outsourced professional jobs 0.53 0.46 0.51 0.6 0.73 0.65
Directors' fees 0 0 0 0 0 0
Selling & distribution expenses 147.32 176.09 201.65 230.51 272.18 392.32
Travel expenses 9.95 9.66 10.25 9.61 11.31 11.71
Communication expenses 0 0 0 0 0 0
Printing & stationery expenses 0 0 0 0 0 0
Miscellaneous expenses 21.3 25.69 26.39 33.43 42.8 47.81

Other operational exp. of indl. enterprises 0 0 0 0 0 0

Fee based financial service expenses 0 0 0 0 0 0
 Treasury operations expenses 0.49 0 0.2 1.27 0 0.27
Total provisions 0.17 0.61 0.12 2.12 1.95 2.66
Write-offs 1.74 0.64 1.01 0.71 4.78 2.11
Less: Expenses capitalised 0 0 0 0 0 0
Less: DRE & expenses charged to others 0 0 0 0 0 0

Prior period & extraordinary expenses 0.01 0.44 0.35 0 1.81 0

Interest paid 5.25 4.22 3.53 4.61 5.34 4.27
Financial charges on instruments 0 0 0 0 0 0
Expenses incurred on raising deposits/debts 0 0 0 0 0 0
Depreciation 41.46 41.85 42.71 43.49 41.95 42.02
Amortisation 4.91 0 0 0 0 0
Provision for direct taxes 42.68 58.75 63.66 82.46 95.75 123.69
PAT 73.16 107.15 126.93 162.68 188.33 232.78

PBDITA 167.46 211.97 236.83 293.24 331.37 402.76

PBDTA 162.21 207.75 233.3 288.63 326.03 398.49
PBT 115.84 165.9 190.59 245.14 284.08 356.47

Product details
Glaxosmithkline Consumer Healthcare Ltd.
Product/s Capa Prod Purc Purc Open Closi Sale Sales
manufactured/traded city uctio hase hase ing ng s qty value
n qty qty valu stoc stoc
e ks ks
qty qty
/ /Units / Rs. / / / Rs.
Units Units Cror Units Units Units Crore
e
Dec (12
2009 mths)
Malted Milkfood/Malted 1036 * 34571 0 0 6801 5427 193.5 1923.
Food 00 9 67
Tonn Tonne Tonn Tonn Tonn Millio
es s es es es n nos
Cereal Based Beverage @ 2099 0 0 257 529 0 0
Tonn Tonne Tonn Tonn
es s es es
Malted Milkfood/Malted 0 58685 0 0 7788 8443 @ 0
Food (Processed By Third
P.
Tonne Tonn Tonn
s es es
Energy & Protein Health 2200 * 1279 0 0 308 259 @ 0
Foods 0
Tonn Tonne Tonn Tonn
es s es es
Nutritional Food Powder @ 41 0 0 0 8 @ 0
Tonn Tonne Tonn
es s es
Ghee & Butter 4000 572 0 0 69 108 529 8.78
Tonn Tonne Tonn Tonn Tonn
es s es es es
Biscuits (Nos.) 0 0 138.9 60.6 0 20.92 138.8 * 77.1
5 9 6
Millio Millio Millio
n nos n nos n nos
Biscuits 0 1112 0 0 1296 0 @ 0
 Tonne Tonn Tonn
s es es
Nutrition Bar Sweetmeat 0 389 0 0 31 59 9.89 11.22
Tonne Tonn Tonn Millio
s es es n nos
Ready To Drink 0 0 3.25 2.85 0 0 2.45 2.77
Millio Millio
n nos n nos
Instant Noodles With 0 0 3.01 1.69 0 0.94 14.05 1.58
Seasoning
Millio Millio Millio Millio
n nos n nos n nos n nos
Miscellaneous Sales 0 0 0 0 0 0 0 5.39

Commission 0 0 0 0 0 0 0 46.72

* Includes others
@ Included elsewhere
Dabur India Limited

Brief profile
Cadbury India Ltd. Website: www.cadburyindia.com

Industry Chocolate confectionery Industry P/E -73.32

ROC Reg. No. 6547 Incorporation Year 1948
Ownership Private (Foreign)
Registered office address
Cadbury House, 19, Bhulabhai Desai Road, Mumbai – Maharashtra

Tel no. 40073100

Fax no. 23521698

ISIN Code INE184A01014

BSE Demat Code 500793
BSE Listing group
NSE Scrip Code CADBURY
Face value (Rs) 10
Beta

Company Background

Cadbury India Limited, incorporated in 1948 is the wholly owned Indian

subsidiary of the UK based Cadbury Schweppes Plc. which is a global
confectionary & beverages company. It was originally known as Cadbury-Fry
(India) Private Limited and was renamed in 1989 as Cadbury India Limited. Its
registered office is in Mumbai.
 It operates in India in the segments of chocolates, Sugar confectionery and
food drinks. Its leading brands in the chocolate segment are Cadbury's Dairy Milk,
Fruit & Nut, Crackle, Temptations, 5 Star, Perk and Celebration gift boxes. In the
Sugar confectionery segment its popular brands are Cadbury Dairy Milk Eclairs
and Halls. In the food drinks segment its popular brands are Bournvita, Drinking
Chocolate and Cocoa Powder. It has also diversified into the snacking segment
with its Cadbury Bytes.

Its manufacturing plants are located in Thane & Induri in Maharashtra,

Malanpur in Madhya Pradesh, and Baddi in Himachal Pradesh. Its sales regional
offices are located in Delhi, Kolkata, Mumbai, Chennai, Bangalore, Cochin, and
Kottayam (Kerala). It has a nationwide distribution network consisting of about 33
sales depots and over a million retail outlets. Its registered office, sales regional
offices, factories, depots, & cocoa operation office is connected by leased lines,
virtual private network, & VSATs. Its subsidiary Induri Farm Limited trades in
milk and livestock.

Financial Data

Executive Summary
Cadbury India Ltd. Dec 2004 Dec 2005 Dec 2006 Dec Dec Dec 2009
2007 2008
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Total income 908.06 1023.58 1172.37 1483.67 1776.31 2058.78
Sales 885.28 1006.02 1149.97 1441.92 1751.24 2045.08
Income from financial services 11.54 11.16 17.64 17.12 21.9 9.45

Total expenses 875.34 988.05 1101.02 1383.31 1655 1862.27

Raw material expenses 227.35 251.58 302.2 401.02 531.13 626.48
Power, fuel & water charges 16.17 19.62 20.83 25.3 29.7 37.25
Compensation to employees 80.56 100.82 107.63 121.04 130.22 151.33
Indirect taxes 144 146.89 109.47 176.41 186.76 139.83
Selling & distribution expenses 163.39 172.46 219.04 260.03 294.06 372.88
Other operational exp. of indl. enterprises 0 0 0 0 0 0
Other oper. exp. of non-fin. service 0 0 0 0 0 0
enterprises

PBDITA 103.91 115.04 147.13 196.31 242.75 279.72

PBDTA 102.4 114.28 145.59 196.31 238.35 278.51
PBT 68.45 81.7 112.44 162.31 201.89 234.47
 PAT 46.21 45.96 68.81 117.65 165.78 188.63

Net worth 395.99 433.8 392.09 406.13 464.4 530.79

Paid up equity capital (net of forfeited 35.71 35.71 34.36 33.2 32.18 31.07
capital)
Reserves & surplus 360.28 398.09 357.73 372.93 432.22 499.72

Total borrowings 7.36 8.22 10.01 8.76 41.7 12.17

Current liabilities & provisions 157.71 205.57 293.41 385.09 449.57 545.95

Total assets 575.99 660.53 703.9 815.25 969.42 1108.17

Gross fixed assets 371.1 425.04 512.39 570.35 710.8 877.27
Net fixed assets 167.33 190.16 247.26 271.17 375.25 505.17
Investments 232.3 258.2 253.42 298.48 2.92 18
Current assets 168.6 161.93 181.89 235.14 581.66 575.79
Loans & advances 0.16 16.33 1.77 2.01 0.23 0.84

Growth (%)
Total income 6.7464469 12.721626 14.536235 26.553050 19.724062 15.902066
2 3 6 7 6 6
Total expenses 8.0639984 12.876139 11.433631 25.638953 19.640572 12.523867
2 6 9 3 1
PBDITA - 10.711192 27.894645 33.426221 23.656461 15.229660
4.5821854 4 3 7 7 1
9
PAT 1.2267250 - 49.717145 70.978055 40.909477 13.783327
8 0.5410084 3 5 3 3
4
Net worth 10.636455 2.6414808 - 7.3253878 14.347622 14.295865
1 5 6.8987575 1 7 6
3
Total assets 13.196682 14.677338 6.5659394 15.819008 18.910763 14.312681
7 1 7 4 6 8

Profitability ratios (%)

PBDITA Net of P&E/Total income net of 10.664889 11.296174 12.301926 12.103642 13.663515 13.558984
P&E 2 9 8 1 7 3
PAT Net of P&E/Total income net of P&E 4.2548464 4.5399865 5.6008076 6.731682 9.3300829 9.1323047
1 9 3
PAT Net of P&E/Avg. net worth 10.160364 11.188373 15.85199 24.697451 38.073357 37.765652
8 6 8
PAT/Avg. net worth 12.258757 11.077501 16.663236 29.478088 38.087142 37.908339
7 5 7 3 1
PAT Net of P&E/Avg. total assets 7.0610141 7.5081680 9.5952155 12.976993 18.571500 18.090191
7 8 8 7 6
PAT/Avg. total assets 8.5193071 7.4337657 10.086263 15.488924 18.578224 18.158539
7 3 1 7 5 5

Liquidity ratios (times)

Current ratio 1.0630517 0.7737480 0.6131054 0.6085876 1.2077908 1.0502708
9 7 2 6 7
Debt to equity ratio 0.0185863 0.0202238 0.0264527 0.0215694 0.0897932 0.0229280
3 9 9 5 8 9
Interest cover 41.092715 109.10526 71.837662 Error 46.870454 194.19008
2 3 3 5 3
Debtors (days) 11.113517 7.5991779 4.6673608 3.9235879 4.0840632 5.2186711
8 5 9 9 9 5
Creditors (days) 64.197642 77.496643 96.632770 103.54573 98.745688 108.13703
8 8 5 9 1 9

Efficiency ratios (times)

 Total income / Avg. total assets 1.6741056 1.6930291 1.7717545 1.9710389 1.9906313 1.9818924
2 7 4 2 8
Total income / Compensation to 11.271847 10.152549 10.892595 12.257683 13.640838 13.604572
employees 1 1 4 6 8

Sources & Uses of funds

Cadbury India Ltd. Dec Dec Dec Dec Dec Dec

2004 2005 2006 2007 2008 2009
Rs. Crore (Non-Annualised) 12 mths 12 mths 12 mths 12 mths 12 mths 12 mths
-
Sources of funds
Internal sources 63.42 41.57 74.91 62.93 95.66 104.05
Retained profits 38.07 10.46 44.66 28.88 59.29 67.5
Depreciation 25.35 31.11 30.25 34.05 36.37 36.55

External sources 31.35 48.72 16.93 89.27 96.4 65.74

Fresh capital 0 0 -72.7 -1.16 -1.02 -1.11
Share premium reserves 0 0 -71.35 0 0 0
Borrowings -4.98 0.86 1.79 -1.25 32.94 -29.53
Bank/Fin. Inst. borrowings -6.37 2.62 -0.45 -1.98 30.74 -29.74
Debentures & bonds 0 0 0 0 0 0
Borrowings from corporate bodies 0 0 0 0 0 0
Borrowings from group/associated cos 0 0 0 0 0 0
Foreign borrowings 0 0 0 0 0 0
Loan from promoters/directors 0 0 0 0 0 0
Other borrowings 1.39 -1.76 2.24 0.73 2.2 0.21
Current liabilities & provisions 36.33 47.86 87.84 91.68 64.48 96.38
Sundry creditors 35.71 47.81 75.49 99.76 61.59 94.56
Deferred tax liability -2.27 -1.99 -4.55 6.88 -1.52 5.51

Uses of funds
Gross fixed assets 32.09 53.94 87.35 57.96 140.45 166.47
Capital work-in-progress 14.56 8.14 51.54 -55.51 98.28 28.67
Investments 104.96 25.9 -4.78 45.06 -295.56 15.08
Investment in group cos. 0 0 0 0 0 0
Current assets -41.81 9.5 5.4 53.49 344.74 -5.26
Inventories 3.52 4.05 19.74 28.95 71.79 -22.98
Total receivables -14.47 -17.34 4.78 32.47 5.5 8.14
Sundry debtors 0.46 -13.91 0.69 1.77 6.54 11.42
Loans & advances 0.03 16.17 -14.56 0.24 -1.78 0.61
Loans & advances to group & associated 0 0 0 0 0 0
cos
Expenses paid in advance -6.11 -1.67 2.03 -5.87 4.93 11.29
Cash & bank balance -24.78 8.29 -6.59 -2.3 264.3 -2.32
Deferred tax assets -2.74 -1.04 -0.68 2.57 0.91 -0.99

Total sources/uses 92.5 88.3 87.29 159.08 190.54 175.3

Product details
Cadbury India Ltd.
Product/s Capa Produ Purc Purc Ope Clos Sale Sales
manufactured/traded city ction hase hase ning ing s qty value
qty qty value stoc stoc
ks ks
qty qty
/Units /Units / Rs. / / / Rs.
Units Crore Unit Unit Units Crore
s s
Dec (12
2009 mths)
Malted Food (Jar/Refill/Tin) 25200 12208 0 0 9450 4851 1274 428.62
631 3 002
Tonn Tens Tens Tens Tens
es
Malted Foods 0 61672 0 0 6934 5654 7344 0
(Jar/Bag/Sachat) .06 .67 .39 7.12
000 000 000 000
nos nos nos nos
Cocoa Powder Drink Choc 900 0 0 0 8675 24 0 8.46
(C) (Tin/Bag)
Tonn Outers Oute Oute Outer
es rs rs s
Cocoa Powder Drink Choc 0 10933 0 0 523 0 1006 0
(C) (Tin/Bag) (Bag) 8 2
Bags Bags Bag Bags
s
Cocoa Powder Drink Choc 0 0 0 0 10.1 0 137.3 0
(C) (Tin/Bag/Sachet) 8 3
000 000 000 000
nos nos nos nos
Cocoa Powder Drink Choc 0 11790 0 0 1272 1073 8905 0
(C) (Tin/Bag/Jar) 7 1 3 3
Tens Tens Tens Tens
Chocolates, Wafer Biscuits, 0 62267 0 0 4069 3274 5297 1386.5
Confe. (Carton/Bar/Un 157 751 122 8627 6
Outers Oute Oute Outer
rs rs s
Chocolates, Wafer Biscuits, 0 17233 0 0 1820 1225 1280 0
Confe. (Bag/Tin/Tray) 596 262 526 9887
Bags Bags Bag Bags
s
Chocolates, Wafer Biscuits, 0 89222 0 0 6707 5459 9816 0
(Bag/Tin/Tray) .62 .19 .14 8814
000 000 000 000
nos nos nos nos
Chocolates, Wafer Biscuits, 0 24937 0 0 8946 6408 6595 0
Confe. (Can/Jar/Pouch) 10 58 19 869
Jars Jars Jars Jars
Hardboiled Confectionery & 24600 29355 0 0 5914 4891 5803 74.61
Gums (Jar) 54 05 24 236
Tonn Jars Jars Jars Jars
es
Hardboiled Confectionery & 0 82032 0 0 9248 3198 4266 0
Gums (Bag) 48 1 54 351
Bags Bags Bag Bags
s
Hardboiled Confectionery & 0 81195 0 0 1142 8384 8183 36.13
Gums (Outers) 01 781 37 817
Outers Oute Oute Outer
rs rs s
Hardboiled Confectionery & 0 0 0 0 0 0 6660 0
Gums (Jars) 1
Jars