Q4 & FY23 Investor Presentation

CHALLENGES IN FY23 INDO COUNT Complete Comfort 1 2 Mismatch of supply in retail ecosystem Increased transit time and untimely supply mismatch in the retail ecosystem lead to higher inventory levels High inflationary environment Inflationary environment in US and other key markets impacted discretionary purchases 3 High & Unusual Cotton prices Cotton prices increased substantially, resulted in higher raw material cost 4 5 Logistic & supply chain challenges Abnormal logistic cost impacted bottom line Geo-political Impact Created overall inflation thereby leading to demand contraction SUCCESFULLY NAVIGATED CHALLENGING ENVIRONMENT 00 8

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