Communication with BSE and NSE
• Virtual meeting held with analysts and institutional investors.
• Transcript provided for record-keeping, complying with SEBI regulations.
• Letter signed by Flavia Peter Machado, Company Secretary.
Meeting Overview
• Flavia Machado welcomed participants and introduced management.
• Presentation on company performance and strategies followed by Q&A.
• Managing Director L. V. Vaidyanathan emphasized responsible business practices and growth strategy.
Growth Strategy
• Focus on superior daily-use products and brand performance.
• Importance of innovation in grooming and oral care categories.
• Initiatives like SMART distribution using AI for inventory management.
• Commitment to sustainable value creation and market adaptability.
Financial Performance
• CFO Gautam Kamath reported double-digit growth despite industry challenges.
• Cautious optimism for future growth driven by improving consumption trends.
• Consistent sales and profit growth over the past decade.
Market Growth Prospects
• Anticipated mid-single-digit volume growth in FMCG sector over 5-7 years.
• Opportunities for double-digit growth in underdeveloped categories.
• Growth potential in the Braun brand and e-commerce distribution.
Consumer Trends
• Shift in male grooming trends towards beard care and premium products.
• Projected mid-single-digit growth for Oral-B and expanding female grooming segment (Venus brand).
Competitive Landscape
• Addressed concerns about competition from direct-to-consumer brands.
• Strategy focused on consumer needs and superior product value.
• Enhancing e-commerce presence and exploring subscription models.
Product Innovations
• Recent launches include Mach 3 Charcoal and Oral-B SensitiveX.
• Advertising spend driven by business needs and consumer awareness.
Margin and Manufacturing Strategy
• Aim to grow bottom line ahead of revenue amidst commodity price volatility.
• Commitment to local manufacturing and premiumization trend in India.
Market Share and Corporate Structure
• Consistent market share growth post-COVID.
• India identified as a key growth market for P&G globally.
• Effective corporate structure focused on delivering consumer value.
Internal Growth Benchmarks
• Range of benchmarks discussed, including ethical guidelines.
• Commitment to assess annual updates on growth metrics.
Conclusion
• Meeting concluded with gratitude for participation and assurance of addressing most questions.