Investor Presentation April 2018

ADHO - Relative Market Share - Value Trend Relative Market share is the ratio of Bajaj Almond Drops market share to the next largest competitor in LHO segment Relative MS Value 5.0 4.6 4.5 4.3 4.3 4.3 4.5 4.0 4.0 3.4 3.5 3.2 3.0 2.7 2.5 2.0 1.5 1.0 0.5 0.0 09-10 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 Strong Relative market share demonstrates the strength of the brand Source: Nielsen Retail Audit Report, Mar 2018; LHO nos. adjusted from 15-16 for like to like comparison GREAT PLACE ΤΟ WORK CERTIFIED JAN 2017 DEC 2017 INDIA 16

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