GODREJ CONSUMER PRODUCTS LIMITED

Pirojshanagar, Eastern Express Highway, Vikhroli, Mumbai 400 079

MEDIA RELEASE

Mumbai, 23 July, 2011: Godrej Consumer Products Limited, which is the largest Indian owned, personal and home care company in India, today announced its unaudited financial results for the first quarter ended 30th June 2011

Consolidated Net Sales for Q1 FY11-12 at ` 998 crore up by 40% Consolidated PBT for Q1 FY11-12 at ` 307 crore up by 92% Consolidated Net Profit for Q1 FY11-12 at ` 239 crore up by 94%Board of Directors recommend 100% first interim dividendEXECUTIVE SUMMARY Q1 FY11-12

? Strong sales growth in both domestic and international

- 21% growth in domestic business with significant growth across all 3 categories

- International growth led by Indonesia and Latin America

? In line with our focus on innovation, several successful launches in the quarter backed by sizeable marketing investments

? Announced game changing Darling acquisition in Africa

? Net sales grew by 40% to ` 998 crore and PAT grew by 94% to ` 239 crore? EPS for the quarter increases to ` 7.4 from ` 4.0? Board of Directors declare first interim dividend of ` 1.0 per share

? The figures for the current quarter are not comparable with those of the corresponding quarter of the previous year because of the acquisitions made since then

Godrej Consumer Products Limited Pirojshanagar, www.godrejcp.comEastern Express Highway,

Vikhroli, Mumbai,

C1 400 079, India.

CHAIRMAN?S COMMENTSCommenting on the performance for Q1 FY11-12, Mr. Adi Godrej, Chairman, GCPL, said:

?Our performance is a reflection of our continuing endeavour to drive strong

growth. Enhanced penetration and improved volumes have driven our sales

growth. We are emphasizing innovations and backing them with investments. Our international operations have also performed strongly during the period under review

While the macroeconomic environment continues to be challenging, I believe our performance is a reflection of the robustness of our business model and our ability to efficiently manage risks and challenges. I continue to be confident of the opportunities for GCPL both in India and overseas. We will continue to pursue a prudent but aggressive growth strategy through a blend of organic and

inorganic initiatives?

FINANCIAL OVERVIEW (CONSOLIDATED)

Q1 FY 11-12 (April - June 2011) v/s Q1 FY 10-11 (April - June 2010)

? Net sales increased by 40% to ` 998 crore

? PBT increased by 92% at ` 307 crore

? PAT increased by 94% to ` 239 crore

? EPS for the quarter increased to ` 7.4 from ` 4.0

? The Board of Directors has recommended first interim dividend of 100%

resulting in a total outflow of ` 37.6 crore (including Dividend Distribution

Tax)

FINANCIAL OVERVIEW (INDIAN SUB CONTINENT BUSINESS)

Q1 FY 11-12 (April - June 2011) v/s Q1 FY 10-11 (April - June 2010)

? Net sales increased by 21% to ` 641 crore

? PBT increased by 99% at ` 279 crore

? PAT increased by 97% to ` 221 crore

Godrej Consumer Products Ltd. Pirojshanagar,

C2 www.godrejcp.comEastern Express Highway, Vikhroli, Mumbai,

400079, India.

CATEGORY OVERVIEW (INDIA)

Home care (Household Insecticides)

? Sales for the quarter grew by 40% over Q1 FY10-11, 2 times ahead of the category growth

? Innovative marketing campaigns

- Goodknight - ?Dhoondh ke Dikhao? Challenge

- HIT - World Malaria Day 360°activation

? Strong media investments on Goodknight Advanced Active+ system on

?Push Karo Khush Raho? during IPL-4

Personal wash (Soaps)

? Strong sales growth of 17% led by

? Performance of newly launched Godrej No.1 ?Saffron & Milk cream? soap,

? Cinthol Deodorant and complexion soap, and

? Fair glow - Skin fairness soap

? Heavy media investments behind Godrej No.1?Saffron & Milk cream? soap

Hair care (Hair colours)

? Strong sales growth of 19% led by

- Performance of newly relaunched Expert range of powder hair colour, backed by heavy media investments

- Nupur mehendi

? Expert care (herbal based formulation) and Expert advanced (progel formulation), launched successfully. Initial response is very positive, with packaging and design seen as very attractive. We continue to support brand

investments and leverage on distribution reach enjoyed by Expert original

Godrej Consumer Products Ltd. Pirojshanagar,

C3 www.godrejcp.comEastern Express Highway, Vikhroli, Mumbai,

400079, India.

BUSINESS OVERVIEW (INTERNATIONAL)

Q1 FY 11-12 (April - June 2011) v/s Q1 FY 10-11 (April - June 2010)

? International business revenue of ` 360 crore, a growth of 93%

? International business accounts for 36% of consolidated revenue

? International business achieved a PBT of ` 28 crore, after interest costs

? The new acquisitions have been EPS accretive

Indonesia

? 54% of International business revenue

? 19% comparable sales growth on the back of distribution expansion and new products

? Launched ?HIT magic paper?, disruptive innovative paper format repellent.

- Hit magic paper burns for 3 minutes and has residual efficacy up to 8 hrs

- Launch supported by strong marketing investments

- We expect Hit magic to become a category for new low cost solution users and coil converts

? Sales of ` 194 crore and EBIDTA at ` 28 crore

EBDITA of 17% before payment of technical & business support fee to GCPL

Africa

? Business comprising Rapidol, Kinky and Tura, contributed 12% to

International business revenue

? Rapidol continues to grow strongly cementing its market leadership position in ethnic hair colour market

? Darling group acquisition, to synergize with Kinky business on higher value creation and backward integration benefits

? Sales stood at ` 43 crore and EBIDTA at ` 4 crore

Godrej Consumer Products Ltd. Pirojshanagar,

C4 www.godrejcp.comEastern Express Highway, Vikhroli, Mumbai,

400079, India.

Latin America

? 16% of International business revenue

? Despite the quarter being traditionally the softest quarter for our Latin America business, given the seasonality over the winter months in the southern hemisphere, business recorded strong comparable sales growth of

22% on the back of distribution expansion and NPDs

? We also continue to invest in growing the markets outside Argentina - in areas like Peru, Uruguay, Colombia and Chile. We are working jointly with our distributors in these regions to expand our retail presence, adapt products to suit each market and tailor marketing programmes targeted at the local consumer

? Sales stood at ` 56 crore and EBIDTA at ` 1 crore

UK

? 17% of International business revenue

? 16% sales growth driven by Cuticura, Bio-Oil and Riemann

? Sales stood at ` 62 crore and EBIDTA at ` 9 crore

About Godrej Consumer Products Limited

Godrej Consumer Products Limited (GCPL) is a leader among India's Fast Moving Consumer Goods (FMCG) companies, with leading Household and Personal Care Products. Our brands, which include Goodknight, Cinthol, Godrej No. 1, Expert, Nupur, Hit, Jet, Fairglow, Ezee, Protekt and Snuggy, among others, are household names across the country. We are one of the largest marketers of toilet soaps in the country and are also leaders in hair colours and household insecticides. Our

?Goodknight? brand has been placed at an overall rank 12 and continues to be the most trusted household care brand in the country in Brand Equity?s Most Trusted Brands Survey 2010.

We are driven by our mission to continuously enhance the quality of life of consumers in high-growth markets with superior-quality and affordable home care, personal care and hygiene products.

Godrej Consumer Products Ltd. Pirojshanagar,

C5 www.godrejcp.comEastern Express Highway, Vikhroli, Mumbai,

400079, India.

We also have a strong emerging presence in markets outside India. With the acquisition of Keyline Brands in the United Kingdom, Rapidol and Kinky Group, South Africa and Godrej Global Mideast FZE, we own international brands and trademarks in Europe, Australia, Canada, Africa and the Middle East. We recently acquired Megasari Group, a leading household care company in Indonesia and Issue Group and Argencos, two leading hair colorant companies in Argentina

Disclaimer:

?Some of the statements in this communication may be ?forward looking statements? within the

meaning of applicable laws and regulations. Actual results might differ substantially from those

expressed or implied. Important developments that could affect the Company?s operations

include changes in the industry structure, significant changes in political and economic environment in India and overseas, tax laws, import duties, litigation and labour relations.?

For further information contact:

P Ganesh / Sameer Shah Gavin Desa / Ankit Hirawat

Godrej Consumer Products Ltd Citigate Dewe Rogerson

Tel.: +91 22 2519 4467 Tel.: +91 22 6645 1237 / 6645 1244

Fax: +91 22 2518 8040 Fax: +91 22 6645 1213

e-mail: p.ganesh@godrejcp.com/ e-mail: gavin@cdr-india.com/

sa.shah@godrejcp.com ankith@cdr-india.com

Godrej Consumer Products Ltd. Pirojshanagar,

C6 www.godrejcp.comEastern Express Highway, Vikhroli, Mumbai,

400079, India.