Q2FY23 Performance Update

Shift in Consumption Patterns and Favourable Governments Policies Indian Consumer Appliance Market expected to grow @CAGR of ~9% Indian Appliance and Consumer Electronics (ACE) Market CAGR: 9% 3,150 Kitchen Appliances Market 2,050 2017 2022E Key Growth Drivers STOVEKRAFT (INR Bn) T0 01 Moving towards Aspirational Lifestyle from functional Kitchen tools. ■LCA ■SCA Non Stick Cookware SKL's product mix favorable to I I I market growth trends - LCA and Non Stick growing at 12% and 350 15% 21 02 70 127 207 10 86 111 2020 Need for Space Utilization -Emerging Concept of Modular Kitchen 202 03 03 Growth of E-Commerce and easy Financing options 2025E India Government's Policies Favourable For The Consumer Appliances Industry 04 . Shift from unorganized sector to organized sector in Indian manufacturing with the GST Implementation Awareness of Cookware through Mass Media and Retality Programs • Lower tax brackets (5%, 12% and 18%) used for Indian Kitchen Items vs excise +VAT taxed at ~31% · Make In India Initiative gave ACE market necessary boost which fostered Retail Manufacturing Pradhan Mantri Ujjwala Yojana - Target to provide 5 Crore LPG connection to 59 05 Health and Environment Concerns under privileged women . Majority Kitchen appliances are electricity driven, electricity consumption tripled since 2000 • Niche market for foreign investors, as Govt. allowed 100% FDI through automatic route in the electronic hardware manufacturing sector 06 00 Technological Advancements All information on this slide is obtained from the industry report prepared by Frost & Sullivan (India) Ltd. titled "Kitchen Appliances Market in India" dated December 16, 2019, read with the revised industry report dated November 24, 2020 ("F&S Report"); "E" signifies Estimated 15

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