Investor Presentaiton

Q2 FY18 - Consolidated Financials Revenue (INR cr) Profit After Tax (INR cr) 1,982 (1.1%) 1,958.9 1.3% 361.9 357.3 Dabur Q2 FY17 Q2 FY18 Although Consolidated revenue declined by 1.1% on reported basis, underlying GST adjusted constant currency growth was 8% Domestic business revenue grew by ~10% led by volume growth of 7.2% International Business grew by 3.9% on constant currency basis on the back of strong growth in Egypt, Nigeria and Turkey Currency devaluation in overseas markets resulted in significant loss in translation Q2 FY17 Q2 FY18 • Consolidated Profit After Tax (PAT) grew by 1.3%. One time transition impact of INR 10 crore impacted PAT growth ⚫ Other expenditure came down from 12.1% of sales to 10.8% of sales on the back of cost synergies Operating margin at 21.4% in Q2 FY18 vs 20.6% in Q2 FY17 although not comparable due to GST Although not comparable, PAT margin increased from 18.1% to 18.5% 36

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