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Disclaimer
factors that could cause our actual results to differ materially from those
contemplated by the relevant forward-looking statements. Vadilal Industries will
not be in any way responsible for any action taken based on such statements and
undertakes no obligation to publicly update these forward looking statements to
reflect subsequent events or circumstances.
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Table of Contents
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04
10
15
25
Q1 FY17
Performance
Chairmans Message
I am glad to announce a positive financial and operating performance for the quarter under review. The ice cream business grew 9.3%
on account of improved volumes while we maintained steady realizations as cost of raw material and inputs remained stable. Q1 being the
summer months, is the peak ice cream season for us, and we operated at close to full capacity levels. In addition, we saw encouraging
demand for our ice creams from the Indian diaspora in overseas markets. However, there were fewer weddings during the quarter and we
hope to see this segment contributing to a larger extent through the rest of the year. In processed foods, we continue to focus on branded
products and are looking to further expand volumes domestically and in target key export markets to deliver improved performance. Our
processed foods distribution channels are also being successfully used to sell dairy products in key global geographies.
In the current financial year, we plan to further enhance our capacities for individualized packs to 270,000 pieces per hour from the
current 210,000 pieces by adding additional lines within existing facilities. These investments will allow us to align resources with
emerging demand patterns and they are part of the planned capex of Rs. 25 crore in FY17. With expanding distribution, increased
penetration and pickup in demand for individualized packs, the additional capacity is likely to be fully utilized over the next three years.
This combined with macro factors such as greater affordability, preference for ice creams, changing weather patterns and improving
power situation will further increase consumption of our products. We will prudently deploy capex, continue on the path of stringent
working capital discipline and use operating cash flows to further reduce debt. We believe these initiatives will enhance value of all our
stakeholders.
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183.0
Q1 FY16
Q1 FY17
Ice Cream
Processed Foods
183.5
15.4
Q1 FY17
Q1 FY16
12.8
167.9
Q1 FY16
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Q1 FY17
Standalone financials in Rs. Crore
Q1 FY17
Q1 FY16
40.3
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Q1 FY17
Q1 FY16
-1.1
Q1 FY17
Q1 FY16
41.8
PAT
23.1
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Q1
FY17
Q1
FY16
21.4
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Financials
Performance
Trends
Revenue
285.8
236.5
FY11
FY12
330.1
FY13
371.7
403.4
FY14
FY15
Ice Cream
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198.8
236.0
265.5
294.0
FY11
FY12
FY13
FY14
444.5
FY16
Processed Foods
344.3
393.9
38.9
FY15
FY16
FY11
48.1
FY12
60.2
FY13
73.9
FY14
62.3
FY15
51.1
FY16
57.9
40.5
39.1
40.9
FY14
FY15
25.1
36.8
FY13
40
FY12
60
20
FY16
FY11
PAT
20
14.4
15
6.3
1.4
1.9
6.0
FY15
5.1
FY14
10
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FY16
FY13
FY12
FY11
Networth
115.1
FY14
128.1
205.0
115.1
FY15
FY16
FY14
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Debt
FY14
180.2
FY15
Other Non-Current
Liabilities
148.3
FY16
Other Non-Current
Assets
19.6
15.2
16.5
FY14
FY15
224.0
FY15
FY16
FY16
68.8
18.1
224.9
20.6
56.05
16.9
FY14
FY15
FY16
FY14
FY15
FY16
51.7
62.2
41.3
23.0
FY14
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FY15
FY16
FY14
FY15
FY16
Vadilal
Industries
Overview
Overview
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Evolving
perceptions
Transition from
seasonal to year-long
consumption
Changing
demand
patterns
Increased disposable
incomes and
discretionary spending
driving secular demand
growth
Consumers receptive to
spending on high
quality products that
meet their rising
aspirations
Growing
affordability
Premiumization
trends
Rapid expansion of
retail network leading
to product availability
and convenience
Innovative
product
development
Expanding
customer
choices
Significant
headroom for
growth
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Nationwide
retail expansion
Expanding
footprint in North
and East regions of
India
New production
facility expected in
East India
Expanding
distribution
footprint in tier 3/4
cities and rural
markets
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New Product
Development
Brand Building
Initiatives
Geographical
Expansion
Undertaken
campaigns to
strengthen social
media presence
Rural marketing
initiatives
Retail
Investments
Constantly
innovating to roll
out new products in
ice cream segment
Targeting
expansion of
market share in
premium/superpremium segment
100 more
distributors
expected to be
added in FY17
Investments in new
technologies
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Quick Treat
Portfolio
includes
frozen
vegetables,
ready-to-eat/ready-
Positioned
to
assist
Indian
Production Facilities
Facilities
Capacity
Production
Certification
Bareilly
Ice cream
ISO-22000:2005
Dharampur
Processed foods
ISO-22000:2005
and BRC : Issue 6
Pundhra
Ice cream
ISO-22000:2005
and BRC : Issue 6
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Distribution Presence
Uttar Pradesh
185
Gujarat
140
Rajasthan
138
Madhya Pradesh
105
West Bengal
89
Delhi
63
Himachal Pradesh
58
Bihar
58
Punjab
51
Uttarakhand
48
Haryana
44
Jharkhand
41
Orissa
37
Chandigarh
36
Chhattisgarh
18
Production Facilities
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Bareilly
Pundhra
Dharampur
Distribution
network
comprises of over 55,000
retailers,
over
1,000
distributors, 61 CNFs, 250
distribution vehicles and
almost 300 SKUs.
Adopted franchisee route
to further increase market
penetration and established
250 ice cream parlors
under HAPPINEZZ brand
name
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Outlook
Planned Initiatives
Expanding Presence
Product Strategies
Augmenting distribution
management system that will
allow micro-control over ROI
from each business area and
point of sale unit
Over the last five years, Rs. 175 crore has been invested to expand capacity and related infrastructure,
planned initiatives to further leverage this investments
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Contact Us
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THANK YOU
8/9/2016
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