After you create the group, the word "group" appears in the title bar of the workbook. Once they are grouped you can format one worksheet and all of the worksheets will have the same formatting. You can insert a row in a worksheet and the same row will be inserted into all worksheets. This is a great tool when you need for all of your worksheets to have the same formatting.
Identical worksheets are needed prior to using the Consolidation feature, creating a sum across worksheets or using the Paste Special Math features to create summary worksheets. By grouping the worksheets first and then adding rows or columns, changing headings and other formatting operations, you ensure that the spreadsheets remain uniform.