Industry Statistics

Industry statistics
October 2008
Sections
1.0
2.0
3.0
4.0
5.0
Industry size
Colour televisions
Refrigerators
Washing machines
Company financials
C-1
C-3
C-7
C-9
C-11
1.0
01
Industry size
Industry size
C-1
2.0
01
02
03
04
05
Colour televisions
Overall CTV demand
Product mix - Key players
Trend - Shift towards flat televisions
Trend - Overall CTV dimension mix
Total market share of key players
C-3
C-4
C-4
C-4
C-5
3.0
01
02
03
Refrigerators
Refrigerators - Sales volume
Refrigerators - Segment-wise sales (as % of total refrigerator sales)
Refrigerators - Sales value
C-7
C-7
C-8
4.0
01
02
03
04
05
Washing
Washing
Washing
Washing
Washing
Washing
5.0
01
02
03
04
05
06
07
Company financials
Whirlpool of India Ltd
Samtel Color Ltd
Voltas Ltd
Mirc Electronics Ltd
Videocon Industries Ltd
Hitachi Home and Life Solutions (India) Ltd
IFB Industries Ltd
Tables
machines
machines - Segment-wise sales volume
machines - Segment-wise sales value
machines - Sales volume by capacity
Machine - Sales Volume and sales value by Capacity
machines - Sales value by capacity
CRISIL RESEARCH HOUSEHOLD APPLIANCES ANNUAL REVIEW
C-9
C-9
C-9
C-10
C-10
C-11
C-11
C-12
C-12
C-13
C-13
C-14
C-i
1.0
Industry size
Table 1: Industry size

(Rs billion)
2002-03 2003-04 2004-05 2005-06
2006-07
2007-08
CTV
81
68
78
78
96
96
Air conditioners
21
24
23
26
33
44
Washing machines
11
11
13
13
16
20
Refrigerators
Total value
33
31
32
35
41
48
146
134
147
152
186
208
Source: CRISIL Research, Industry
C-1
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2.0
Colour televisions
Table 1: Overall CTV demand

(million units)
CTV demand
1982-83
0.1
1983-84
0.1
1984-85
0.3
1985-86
0.7
1986-87
0.9
1987-88
1.1
1988-89
1.3
1989-90
1.2
1990-91
1.2
1991-92
0.9
1992-93
0.8
1993-94
1.1
1994-95
1.4
1995-96
1.8
1996-97
2.1
1997-98
2.8
1998-99
3.8
1999-00
5.0
2000-01
5.1
2001-02
5.4
2002-03
7.3
2003-04
6.7
2004-05
7.8
2005-06
8.4
2006-07
10.3
2007-08
10.3
Q1 FY08
2.0
Q1 FY09
3.0
C-3
Table 2: Product mix - Key players

(per cent)
2005-06
2006-07
Conventional Flat
High end
Conventional
Panasonic
14.8 85.1
0.1
14.8
83.8
BPL
89.7 10.3
0.0
54.6
Sharp
60.6 39.4
0.0
46.1
Akai
72.3 27.7
0.0
60.7
Sony
0.0 99.0
1.0
Sansui
61.0 38.8
0.2
Philips
51.7 48.0
0.4
Videocon
68.5 31.5
Onida
2007-08
Flat High end
Conventional
Flat
High end
1.4
12.8
78.4
8.8
45.4
55.9
44.1
51.3
2.5
41.1
56.2
2.7
39.3
55.7
43.2
1.1
95.3
4.7
88.1
11.9
42.1
57.0
0.9
31.0
67.0
2.0
41.6
56.8
1.5
33.0
62.5
4.4
0.0
49.0
50.7
0.3
35.8
62.6
1.6
54.6 45.4
0.0
38.6
60.9
0.6
29.4
69.7
1.0
Samsung
28.4 70.9
0.6
6.1
90.0
3.9
91.1
8.9
LG
51.9 47.8
0.3
33.1
65.2
1.7
25.2
71.7
3.0
Industry Mix
53.0 46.7
0.3
39.2
59.3
1.5
31.3
65.2
3.5
Table 3: Trend - Shift towards flat televisions

(per cent)
Conventional CTVs
Flat CTVs
High end
2002-03
92.4
7.6
0.0
2003-04
85.9
14.1
0.0
2004-05
71.3
28.6
0.1
2005-06
53.0
46.7
0.3
2006-07
39.2
59.3
1.5
2007-08
31.3
65.2
3.5
Table 4: Trend - Overall CTV dimension mix

(per cent)
14"
20"
21"
25"
29"
>29"
2003-04
21.2
39.0
37.0
0.3
2.4
0.1
2004-05
20.8
32.1
42.6
0.6
3.7
0.3
2005-06
20.0
22.4
51.5
0.8
5.0
0.4
Total
100
100
100
C-4
2006-07 2007-08 Q1 FY09

20.7
20.8
21.1
14.6
9.8
8.3
54.8
55.9
55.8
0.7
0.7
0.3
7.5
9.2
14.2
1.6
3.6
0.1
100
100
100
Table 5: Total market share of key players

(per cent)
CCTV
FCTV
2006-07 2007-08
LG
Samsung
22.9
High end
2006-07 2007-08
20.3
28.0
2006-07 2007-08
27.6
28.9
22.2
1.9
0.0
21.0
21.6
36.8
39.9
Videocon Brands*
25.2
26.6
18.5
21.4
6.0
10.5
Mirc**
14.8
13.8
11.7
11.1
3.5
2.5
Sony
0.0
0.0
8.0
6.1
15.9
15.6
Philips
5.7
4.8
4.9
4.4
5.4
5.9
BPL
3.0
4.1
1.5
1.6
0.0
0.0
*Videocon Brands includes Videocon, Sansui, Akai, Hyundai, Toshiba

**Mirc includes Onida and Igo
Source: CRISIL Research
C-5
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3.0
Refrigerators
Table 1: Refrigerators - Sales volume

(million units)
2003-04 2004-05 2005-06 2006-07 2007-08 Q1 08 Q1 09
Direct Cool
<= 184 Litres
2.1
2.1
2.0
2.1
1.9
0.7
0.7
185-225 Litres
0.4
0.4
0.5
0.6
0.8
0.3
0.4
226-270 Litres
0.1
0.1
0.2
0.2
0.3
0.1
0.1
Direct Cool total
2.7
2.6
2.6
2.8
3.0
1.1
1.1
< 225 L
0.1
0.2
0.2
0.2
0.2
0.1
0.1
226- 270 L
0.2
0.4
0.5
0.6
0.6
0.2
0.2
271-300 L
0.1
0.1
0.1
0.1
0.2
0.1
0.1
300-350 L
0.0
0.1
0.1
0.1
0.2
0.1
0.1
> 351 L
0.0
0.0
0.1
0.1
0.1
0.0
0.0
Frost Free total
0.5
0.7
1.0
1.1
1.3
0.4
0.4
Total refrigerators
3.2
3.3
3.6
3.9
4.4
1.5
1.5
Frost Free
Table 2: Refrigerators: Segment-wise sales (as % of total refrigerator sales)

(per cent)
2003-04 2004-05 2005-06 2006-07 2007-08 Q1 08 Q1 09
Direct Cool
<= 184 Litres
67.1
62.4
54.9
52.7
44.3
47.6
42.5
185-225 Litres
13.7
11.7
13.6
14.7
19.1
18.6
22.7
226-270 Litres
3.7
3.7
4.4
4.4
6.1
5.3
6.5
84.4
77.7
72.9
71.7
69.5
71.5
71.7
Direct Cool total

Frost Free
< 225 L
4.2
4.6
5.5
4.5
5.1
4.6
4.6
226- 270 L
7.4
12.7
15.0
14.9
14.6
14.4
13.7
271-300 L
1.9
1.7
2.5
3.3
4.0
3.6
3.7
300-350 L
1.3
2.0
2.7
3.6
4.5
4.0
4.3
> 351 L
0.7
1.4
1.5
2.1
2.2
1.9
2.1
Frost Free total
15.6
22.3
27.1
28.3
30.5
28.5
28.3
Grand total
100
100
100
100
100
100
100
C-7
Table 3: Refrigerators - Sales value

(Rs billion)
2003-04 2004-05 2005-06 2006-07 2007-08 Q1 08 Q1 09
Direct cool
<184 L
185-225 L
226 >L
16.9
15.9
14.7
15.7
15.2
5.4
5.2
4.6
3.9
4.6
5.4
7.9
2.6
3.3
1.5
1.5
1.9
2.1
3.3
1.0
1.2
23.0
21.3
21.2
23.3
26.3
9.0
9.7
< 225 L
1.7
1.9
2.3
2.1
2.8
0.8
0.8
226- 270 L
3.4
5.6
6.9
7.7
8.7
2.9
2.9
271-300 L
1.1
0.9
1.4
2.0
2.8
0.9
0.9
300-350 L
0.9
1.3
1.8
2.8
3.9
1.2
1.3
Direct Cool total

Frost free
> 350 L
0.8
1.4
1.6
2.8
3.5
1.0
1.1
Frost Free total
7.8
11.1
14.0
17.4
21.8
6.7
7.0
30.8
32.5
35.2
40.7
48.1
15.7
16.7
Grand total
C-8
4.0
Washing machines
Table 1: Washing machines: Segment-wise sales volume

(million units)
2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 Q1 08 Q1 09
Semi-automatic
1.0
1.0
1.1
1.1
1.3
1.4
0.3
0.3
Single Tub
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Twin Tub
0.9
1.0
1.0
1.1
1.3
1.4
0.3
0.3
Fully -automatic
0.2
0.3
0.4
0.4
0.6
0.7
0.2
0.2
Front Loading
0.1
0.1
0.1
0.1
0.2
0.2
0.0
0.1
Top Loading
0.1
0.2
0.3
0.3
0.4
0.5
0.1
0.1
1.2
1.3
1.5
1.6
1.9
2.1
0.5
0.5
Total
Table 2: Washing machines: Segment-wise sales value

(Rs billion)
2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 Q1 08 Q1 09
Semi-automatic
7.5
7.1
7.1
7.3
8.6
9.4
2.2
2.2
Single Tub
0.5
0.3
0.2
0.1
0.1
0.1
0.0
0.0
Twin Tub
2.2
7.1
6.8
6.9
7.1
8.5
9.3
2.2
Fully -automatic
3.4
3.8
5.9
6.0
7.8
10.3
2.4
2.8
Front Loading
1.3
1.6
2.4
2.2
3.3
4.5
1.0
1.3
Top Loading
Total
2.1
2.2
3.5
3.7
4.5
5.8
1.4
1.5
10.9
10.8
13.0
13.2
16.4
19.7
4.6
5.0
Table 3: Washing machines: Sales volume by capacity

(million units)
2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 Q1 08 Q1 09
Semi-automatic
1.0
1.0
1.1
1.1
1.3
1.4
0.3
0.3
<=6 kg
0.5
0.4
0.2
0.1
0.1
0.1
0.0
0.0
6-7 kg
0.5
0.6
0.8
0.8
1.0
1.1
0.3
0.3
> 7 kg
0.0
0.0
0.1
0.2
0.2
0.2
0.1
0.1
Fully-automatic
0.2
0.3
0.4
0.4
0.6
0.7
0.2
0.2
< 6 kg
0.2
0.2
0.3
0.3
0.3
0.3
0.1
0.1
> 6 kg
0.0
0.1
0.2
0.2
0.3
0.4
0.1
0.1
Grand total
1.2
1.3
1.5
1.6
1.9
2.1
0.5
0.5
C-9
Table 4: Washing Machine: Sales Volume and sales value by Capacity

FY04
FY05
Volume Value
FY06
Volume Value
FY07
Volume Value
FY08
Volume Value
Volume Value
Semi-automatic
1.0
7.1
1.1
7.1
1.1
7.3
1.3
8.6
1.4
9.4
<=6 kg
0.4
2.3
0.2
1.1
0.1
0.6
0.1
0.6
0.1
0.5
6-7 kg
0.6
4.6
0.8
5.2
0.8
5.3
1.0
6.6
1.1
7.1
> 7 kg
0.0
0.2
0.1
0.8
0.2
1.4
0.2
1.5
0.2
1.8
Fully-automatic
0.3
3.7
0.4
5.9
0.4
6.0
0.6
7.8
0.7
10.3
< 6 kg
0.2
2.4
0.3
3.4
0.3
3.2
0.3
3.6
0.3
4.3
> 6 kg
0.1
1.3
0.2
2.5
0.2
2.8
0.3
4.2
0.4
6.0
Grand Total
1.3
10.8
1.5
13.0
1.6
13.3
1.9
16.4
2.1
19.7
Volume: in million units and Value: in Rs. billion

Table 5: Washing machines: Sales value by capacity

(Rs billion)
2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 Q1 08 Q1 09
Semi-automatic
7.7
7.2
7.2
7.3
8.6
9.4
2.2
2.2
<=6 kg
3.3
2.3
1.1
0.6
0.6
0.5
0.1
0.1
6-7 kg
4.3
4.7
5.2
5.3
6.6
7.1
1.7
1.7
> 7 kg
0.0
0.2
0.9
1.4
1.5
1.8
0.4
0.4
Fully-automatic
3.4
3.8
5.9
6.0
7.8
10.3
2.4
2.8
< 6 kg
2.6
2.4
3.4
3.2
3.6
4.3
1.0
1.2
> 6 kg
0.7
1.3
2.5
2.8
4.2
6.0
1.3
1.6
11.0
10.9
13.1
13.3
16.4
19.7
4.6
5.0
Grand total
C-10
5.0
Company financials
Table 1: Whirlpool of India Ltd

Mar-04 % of Net
Mar-05 % of Net
Mar-06 % of Net
Mar-07 % of Net
Mar-08 % of Net
sales
sales
sales
sales
Sales
(Rs million)
Net sales
14,346.0
100.0
10,242.7
100.0
13,073.3
100.0 15,001.0
100.0 18,004.4
100.0
Total expenses
14,012.4
97.7
10,839.9
105.8
13,177.9
100.8 14,550.9
97.0 17,212.7
95.6
8,652.3
60.3
6,804.7
66.4
8,356.4
63.9
9,274.0
61.8 11,406.3
63.4
78.4
0.5
-243.9
-2.4
-117.9
-0.9
-162.3
-1.1
938.1
940.3
6.6
829.2
8.1
922.9
7.1
1,000.7
6.7
1,371.7
7.6
4,341.4
30.3
3,449.9
33.7
4,016.5
30.7
4,438.5
29.6
3,496.6
19.4
OPBDIT
333.6
2.3
-597.2
-5.8
-104.6
-0.8
450.1
3.0
791.7
4.4
Interest
386.3
2.7
255.7
2.5
179.9
1.4
185.5
1.2
209.9
1.2
OPBDT
-52.7
-0.4
-852.9
-8.3
-284.5
-2.2
264.6
1.8
581.8
3.2
Depreciation
459.7
3.2
321.7
3.1
365.5
2.8
344.2
2.3
373.5
2.1
-512.4
-3.6
-1,174.6
-11.5
-650.0
-5.0
-79.6
-0.5
208.3
1.2
111.1
0.8
62.2
0.6
59.5
0.5
74.8
0.5
79.8
0.4
Raw material consumed

Change in stock
Staff cost
Other expenses
OPBT
Other income
Exceptional items
PBT
Current Tax
Net profit/Loss
5.2
64.9
0.5
118.5
1.2
57.1
0.4
-51.6
-0.3
0.0
0.0
-336.4
-2.3
-993.9
-9.7
-533.4
-4.1
-56.4
-0.4
288.1
1.6
0.1
0.0
4.1
0.0
-152.4
-1.2
-3.2
0.0
-35.1
-0.2
-336.5
-2.3
-998.0
-9.7
-381.0
-2.9
-53.2
-0.4
323.2
1.8
Note
1. Figures for year ended March 2004 are for 15 months
Source: CRISIL Research, Prowess
Table 2: Samtel Color Ltd

Mar-04 % of Net Mar-05 % of Net Mar-06 % of Net
(Rs million)
Mar-08 % of Net
sales
sales
sales
sales
Net sales
8,283.6
100.0 9,508.0
100.0 7,780.0
100.0 11,898.0
100.0
Total expenses
7,366.6
88.9 7,913.8
83.2 6,912.4
88.8 11,371.8
95.6
5,721.9
69.1 6,453.6
67.9 5,543.4
71.3
8,910.6
74.9
Change in stock
Staff cost
Other expenses
15.6
0.2
-84.8
-0.9
-67.8
-0.9
56.6
0.5
523.2
6.3
600.0
6.3
641.4
8.2
1,088.6
9.1
1,105.9
13.4
945.0
9.9
795.4
10.2
1,316.0
11.1
11.1 1,594.2
16.8
867.6
11.2
526.2
4.4
358.3
3.8
410.0
5.3
816.6
6.9
13.0
457.6
5.9
-290.4
-2.4
5.2
507.6
6.5
768.0
6.5
-0.6 -1,058.4
-8.9
OPBDIT
917.0
Interest
442.2
OPBDT
474.8
5.7 1,235.9
Depreciation
477.5
5.8
493.6
OPBT
Other income
Exceptional items
PBT
Current Tax
Net profit/Loss
5.3
-2.7
0.0
742.3
7.8
-50.0
152.9
1.8
55.7
0.6
19.2
0.2
132.0
1.1
1.7
0.0
134.3
1.4
27.8
0.4
-41.7
-0.4
151.9
1.8
932.3
9.8
-3.0
0.0
-968.1
-8.1
26.7
0.3
286.9
3.0
-11.3
-0.1
-308.1
-2.6
125.2
1.5
645.4
6.8
8.3
0.1
-660.0
-5.5
C-11
Table 3: Voltas Ltd

Mar-04 % of Net
Mar-05 % of Net
Mar-06 % of Net
Mar-07 % of Net
Mar-08 % of Net
(Rs million)
sales
sales
sales
sales
sales
Net sales
12,852.2
100.0 13,947.8
100.0 18,632.1
100.0 24,146.4
100.0 30,644.5
100.0
Total expenses
12,562.1
97.7 13,586.3
97.4 17,577.7
94.3 22,997.8
95.2 27,920.7
91.1
42.2
39.6
6,388.5
34.3 26,864.1
111.3 32,151.6
104.9
-23.2 -6,014.0
-32.3 -8,721.0
-36.1 -9,750.7
-31.8

Change in stock
5,427.4
123.0
5,530.3
1.0 -3,230.3
Staff cost
1,261.9
9.8
1,443.5
10.3
1,762.3
9.5
2,400.7
9.9
2,768.4
9.0
Other expenses
5,749.8
44.7
9,842.8
70.6 15,440.9
82.9
2,454.0
10.2
2,751.4
9.0
OPBDIT
290.1
2.3
361.5
2.6
1,054.4
5.7
1,148.6
4.8
2,723.8
8.9
Interest
72.5
0.6
79.8
0.6
75.7
0.4
175.2
0.7
115.8
0.4
OPBDT
217.6
1.7
281.7
2.0
978.7
5.3
973.4
4.0
2,608.0
8.5
Depreciation
132.5
1.0
104.8
0.8
110.9
0.6
123.2
0.5
135.6
0.4
85.1
0.7
176.9
1.3
867.8
4.7
850.2
3.5
2,472.4
8.1
Other income
237.1
1.8
234.5
1.7
212.6
1.1
1,266.8
5.2
296.8
1.0
Exceptional items
145.2
1.1
166.6
1.2
-163.5
-0.9
158.0
0.7
306.2
1.0
PBT
467.4
3.6
578.0
4.1
916.9
4.9
2,275.0
9.4
3,075.4
10.0
77.1
0.6
73.9
0.5
212.0
1.1
414.2
1.7
991.7
3.2
390.3
3.0
504.1
3.6
704.9
3.8
1,860.8
7.7
2,083.7
6.8
OPBT
Current Tax
Net profit/Loss
Table 4: Mirc Electronics Ltd

Mar-04 % of Net
Mar-05 % of Net
Mar-06 % of Net
Mar-07 % of Net
Mar-08 % of Net
sales
sales
sales
sales
sales
(Rs million)
Net sales
9,322.5
100.0 10,929.6
100.0 12,203.0
100.0 15,139.0
100.0 15,283.8
100.0
Total expenses
8,667.3
93.0 10,235.9
93.7 11,354.9
93.1 14,291.1
94.4 14,448.0
94.5
6,800.0
72.9
8,452.7
77.3
9,036.2
74.0 11,737.5
77.5 12,173.1
79.6
205.4
2.2
-283.3
-2.6
-126.7
-1.0
-1.5
-3.5
Change in stock
Staff cost
Other expenses
OPBDIT
-228.8
-538.8
419.6
4.5
429.8
3.9
568.1
4.7
660.7
4.4
660.0
4.3
1,242.3
13.3
1,636.7
15.0
1,877.3
15.4
2,121.7
14.0
2,153.7
14.1
655.2
7.0
693.7
6.3
848.1
6.9
847.9
5.6
835.8
5.5
Interest
63.8
0.7
129.4
1.2
176.5
1.4
203.5
1.3
231.9
1.5
OPBDT
591.4
6.3
564.3
5.2
671.6
5.5
644.4
4.3
603.9
4.0
Depreciation
131.9
1.4
189.5
1.7
221.4
1.8
197.4
1.3
234.9
1.5
OPBT
459.5
4.9
374.8
3.4
450.2
3.7
447.0
3.0
369.0
2.4
Other income
19.3
0.2
21.5
0.2
34.7
0.3
29.9
0.2
31.5
0.2
Exceptional items
52.6
0.6
9.6
0.1
21.2
0.2
33.1
0.2
5.1
0.0
531.4
5.7
405.9
3.7
506.1
4.1
510.0
3.4
405.6
2.7
PBT
Current Tax
Net profit/Loss
93.7
1.0
128.1
1.2
178.2
1.5
168.8
1.1
59.7
0.4
437.7
4.7
277.8
2.5
327.9
2.7
341.2
2.3
345.9
2.3
C-12
Table 5: Videocon Industries Ltd

Sep-04 % of Net
Sep-05 % of Net
Sep-06 % of Net
sales
sales
sales
sales
(Rs million)
Sep-07 % of Net
Net sales
37,259.9
100.0 54,494.2
100.0 71,644.8
100.0 82,287.8
100.0
Total expenses
30,696.5
82.4 46,044.6
84.5 57,831.0
80.7 64,983.0
79.0
26,690.0
71.6 30,306.3
55.6 42,660.7
59.5 49,300.1
59.9
77.4
0.2
-326.2
-0.6
-1,033.3
-1.4
-318.7
-0.4
579.0
1.6
706.6
1.3
1,138.9
1.6
1,161.2
1.4
28.2 15,064.7
21.0 14,840.4
18.0
15.5 13,813.8
19.3 17,304.8
21.0
Change in stock
Staff cost
Other expenses
3,350.1
OPBDIT
6,563.4
17.6
8,449.6
Interest
2,709.1
7.3
2,312.6
OPBDT
3,854.3
10.3
6,137.0
Depreciation
3,803.1
10.2
2,323.6
OPBT
9.0 15,357.9
4.2
2,971.1
11.3 10,842.7
4.3
4.1
3,953.9
4.8
15.1 13,350.9
16.2
3,355.5
4.7
4,183.9
5.1
51.2
0.1
3,813.4
7.0
7,487.2
10.5
9,167.0
11.1
Other income
305.9
0.8
545.6
1.0
1,619.3
2.3
1,598.6
1.9
Exceptional items
180.5
0.5
-1,718.9
-3.2
35.6
0.0
98.8
0.1
PBT
537.6
1.4
2,640.1
4.8
9,142.1
12.8 10,864.4
13.2
672.7
1.8
-1,660.3
-3.0
951.6
1.3
2,276.8
2.8
-135.1
-0.4
4,300.4
7.9
8,190.5
11.4
8,587.6
10.4
Current Tax
Net profit/Loss
Note: Consumer electronics comprises around 83% of net sales and 60% of PBIT.
Table 6: Hitachi Home and Life Solutions (India) Ltd

Mar-04 % of Net Mar-05 % of Net Mar-06 % of Net Mar-07 % of Net Mar-08 % of Net
(Rs million)
sales
sales
sales
sales
sales
Net sales
2,802.3
100.0 2,395.8
100.0 2,594.7
100.0 3,240.7
100.0 4,441.0
100.0
Total expenses
2,942.4
105.0 2,299.5
96.0 2,366.9
91.2 3,009.7
92.9 4,005.3
90.2
1,725.6
61.6 1,502.4
62.7 1,701.8
65.6 2,220.5
68.5 2,959.4
66.6
-0.6
-3.7
-3.6
-1.9
Change in stock
83.2
3.0
-13.4
-95.8
-117.6
-84.2
Staff cost
235.6
8.4
140.4
5.9
154.8
6.0
176.1
5.4
221.9
5.0
Other expenses
898.0
32.0
670.1
28.0
606.1
23.4
730.7
22.5
908.2
20.5
OPBDIT
-140.1
-5.0
96.3
4.0
227.8
8.8
231.0
7.1
435.7
9.8
Interest
107.5
3.8
27.5
1.1
32.2
1.2
32.4
1.0
21.7
0.5
OPBDT
-247.6
-8.8
68.8
2.9
195.6
7.5
198.6
6.1
414.0
9.3
67.0
2.4
42.8
1.8
46.0
1.8
45.1
1.4
76.2
1.7
-314.6
-11.2
26.0
1.1
149.6
5.8
153.5
4.7
337.8
7.6
Other income
10.5
0.4
30.5
1.3
6.4
0.2
24.4
0.8
69.7
1.6
Exceptional items
55.9
2.0
0.4
0.0
1.0
0.0
44.4
1.4
90.2
2.0
-248.2
-8.9
56.9
2.4
157.0
6.1
222.3
6.9
497.7
11.2
0.0
0.0
0.0
0.0
8.4
0.3
29.0
0.9
75.2
1.7
-248.2
-8.9
56.9
2.4
148.6
5.7
193.3
6.0
422.5
9.5
Depreciation
OPBT
PBT
Current Tax
Net profit/Loss
C-13
Table 7: IFB Industries Ltd

Mar-04 % of Net Mar-05 % of Net Mar-06 % of Net Mar-07 % of Net Mar-08 % of Net
(Rs million)
sales
sales
sales
sales
sales
Net sales
1,761.5
100.0 2,352.1
100.0 2,599.3
100.0 3,273.3
100.0 4,254.5
100.0
Total expenses
1,893.6
107.5 2,405.8
102.3 2,424.6
93.3 3,097.0
94.6 3,945.0
92.7
956.5
54.3 1,267.0
53.9 1,175.2
45.2 1,698.6
51.9 2,290.8
53.8
-1.9
-149.8
-3.5
6.4
316.0
7.4
38.3 1,488.0
35.0

Change in stock
28.5
Staff cost
131.6
Other expenses
777.0
1.6
-109.8
7.5
150.5
44.1 1,098.1
-4.7
52.1
6.4
176.8
46.7 1,020.5
2.0
-63.7
6.8
209.4
39.3 1,252.7
OPBDIT
-132.1
-7.5
-53.7
-2.3
174.7
6.7
176.3
5.4
309.5
7.3
Interest
603.1
34.2
616.0
26.2
125.9
4.8
5.3
0.2
9.7
0.2
OPBDT
-735.2
-41.7
-669.7
-28.5
48.8
1.9
171.0
5.2
299.8
7.0
217.5
12.3
208.1
8.8
183.2
7.0
128.2
3.9
84.5
2.0
-952.7
-54.1
-877.8
-37.3
-134.4
-5.2
42.8
1.3
215.3
5.1
Other income
42.2
2.4
33.9
1.4
45.2
1.7
33.2
1.0
31.6
0.7
Exceptional items
54.1
3.1
499.9
21.3
-42.0
-1.6
287.0
8.8
137.8
3.2
-856.4
-48.6
-344.0
-14.6
-131.2
-5.0
363.0
11.1
384.7
9.0
0.0
0.0
0.0
0.0
6.8
0.3
10.3
0.3
11.2
0.3
-856.4
-48.6
-344.0
-14.6
-138.0
-5.3
352.7
10.8
373.5
8.8
Depreciation
OPBT
PBT
Current Tax
Net profit/Loss
C-14

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CRISIL RESEARCH HOUSEHOLD APPLIANCES ANNUAL REVIEW

Table 1: Industry size

2002-03 2003-04 2004-05 2005-06

Source: CRISIL Research, Industry

CRISIL RESEARCH HOUSEHOLD APPLIANCES ANNUAL REVIEW

This page is intentionally left blank

Table 1: Overall CTV demand

Source: CRISIL Research, Industry

CRISIL RESEARCH HOUSEHOLD APPLIANCES ANNUAL REVIEW

Table 2: Product mix - Key players

Flat High end

Source: CRISIL Research, Industry

Table 3: Trend - Shift towards flat televisions

Source: CRISIL Research, Industry

Table 4: Trend - Overall CTV dimension mix

2006-07 2007-08 Q1 FY09

CRISIL RESEARCH HOUSEHOLD APPLIANCES ANNUAL REVIEW

Table 5: Total market share of key players

*Videocon Brands includes Videocon, Sansui, Akai, Hyundai, Toshiba

CRISIL RESEARCH HOUSEHOLD APPLIANCES ANNUAL REVIEW

This page is intentionally left blank

Table 1: Refrigerators - Sales volume

2003-04 2004-05 2005-06 2006-07 2007-08 Q1 08 Q1 09

Direct Cool total

Frost Free total

Source: CRISIL Research, Industry

Table 2: Refrigerators: Segment-wise sales (as % of total refrigerator sales)

2003-04 2004-05 2005-06 2006-07 2007-08 Q1 08 Q1 09

Direct Cool total

Frost Free total

Source: CRISIL Research, Industry

CRISIL RESEARCH HOUSEHOLD APPLIANCES ANNUAL REVIEW

Table 3: Refrigerators - Sales value

2003-04 2004-05 2005-06 2006-07 2007-08 Q1 08 Q1 09

Direct Cool total

Frost Free total

Source: CRISIL Research, Industry

CRISIL RESEARCH HOUSEHOLD APPLIANCES ANNUAL REVIEW

Table 1: Washing machines: Segment-wise sales volume

2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 Q1 08 Q1 09

Source: CRISIL Research, Industry

Table 2: Washing machines: Segment-wise sales value

2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 Q1 08 Q1 09

Source: CRISIL Research, Industry

Table 3: Washing machines: Sales volume by capacity

2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 Q1 08 Q1 09

Source: CRISIL Research, Industry

CRISIL RESEARCH HOUSEHOLD APPLIANCES ANNUAL REVIEW

Table 4: Washing Machine: Sales Volume and sales value by Capacity

Volume: in million units and Value: in Rs. billion

Table 5: Washing machines: Sales value by capacity

2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 Q1 08 Q1 09

Source: CRISIL Research, Industry

CRISIL RESEARCH HOUSEHOLD APPLIANCES ANNUAL REVIEW

Table 1: Whirlpool of India Ltd

Raw material consumed

Table 2: Samtel Color Ltd

Raw material consumed