Investor Presentaiton

Comparable margin improvement at 100bps Reported margin improvement at 350bps due to accounting impact of GST 350 bps -80 bps -170 bps 100 bps Hindustan Unilever Limited Reported Margin improvement Fiscal exemption/refund Net Excise Duty + Net Input Taxes Comparable Margin improvement No change in absolute EBITDA 9

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