Global Pigments Market Opportunity and Financial Overview

Pigment Business: Overseas geographies continue to have higher growth Domestic Revenue Cr +8% 806 756 677 +6% 856 Export Revenue Cr +11% +14% 783 721 653 897 Mix % 51% 51% 51% 49% 49% 49% 49% 51% FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 With the investment in infrastructure and sales force in the international geographies, share of exports will continue to grow ➤ Domestic business would continue to grow at stable rate ➤ A strong focus on product quality and supply chain management practices continues to serve demand opportunities in both the markets Revenue includes Revenue from Operations and Other operating income of Pigment business 14 SUDARSHAN

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