Investor Presentaiton

TATA CONSUMER PRODUCTS To conclude Macros Demand impacted by sluggishness in rural and semi-urban markets and a delayed winter in some of our salient markets for tea, however, we continue to remain focused on execution. The impact of inflation and monetary tightening on the economies & currencies of our key International markets remains a key monitorable going forward. Business We have been able to deliver double-digit growth while balancing margins in an extremely challenging global macro environment this fiscal. While the tea business in India was subdued due to demand headwinds in our key markets, we have put measures in place to address some of the challenges. Despite the steep price increase taken to mitigate input cost inflation, we have continued to gain market share in salt, driven by in-market execution. The margin in the business has improved sequentially. Our growth businesses have sustained their strong growth trajectory and have increased their salience significantly over the last couple of years. Our Out of Home businesses i.e. both NourishCo & Starbucks have delivered yet another strong quarter and we will continue to drive these further. In the international business, input cost inflation and adverse currency movement have impacted margins; we have taken further pricing and the margins have improved sequentially vs Q2FY23; we will be looking at structural cost-saving actions going forward. Despite the inflationary environment and investments required for some of the new businesses, consolidated EBITDA margin has expanded QoQ. Going forward we will continue to stay focused on driving growth, market share, and margins. 43

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