LT Foods Investor Presentation

. . • Opportunity Landscape World of Rice Rice is a staple food and one of the most widely consumed grains in the world. India is one of the biggest producers of rice globally (23%) and forecasted to grow at CAGR of above 6% in the near future Organised market is growing nearly at a CAGR of 12% playing an essential role in developing the packed rice market in India 3.5 Export value of rice from India (USD bn) 3.2 2.4 2.5 1.8 1.4 4.7 4.2 3.6 3.0 2015 2016 2017 2018 2019 Basmati rice Non-basmati rice Basmati Rice • India is the largest Basmati rice producer (producing 7 MMT out of the total industry size of 8.5 MMT) 'and it continues to grow, driven by international market demand and potential upside from branded demand/premiumisation in India • Out of India's market of 2 MMT consumption market size, only 35% is branded packaged rice market Majority of Basmati is exported (~75%). Overseas markets for Basmati include the Middle East, U.S., U.K. and parts of EU 4-5% Growth of India's basmati rice exports 2019-20 US$ 7 bn 11.2% Expected CAGR of global Basmati rice market till 2024 Estimated size of the Indian packaged dry rice market in 2023 growing at a CAGR of more than 11% Source Market Research 16 LT Foods Investor presentation, May 2020 Lifestyle-Induced changes reshaping Food Market LT Foods

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