Investor Presentaiton

ANNEXURE - INDIAN DAIRY INDUSTRY ORGANISED PLAYERS TO DRIVE GROWTH IN VALUE-ADDED DAIRY PRODUCTS Prabhat Partners in Progress INDIAN DAIRY MARKET (IN VOLUME TERMS) ORGANISED MARKET - RS 813.5 BN (2014) Products Milk Production 147 Million MT Processed/Pouch Milk Market Size (% Share) 519.4 (63.8%) Organised Market % 2014-2020 CAGR % 20% 21% Ghee 110.3 (13.6%) 18% 17% Skimmed Milk Powder 49.6 (6.1%) 100% 15% Self Consumption 54% Marketable Milk 46% UHT Milk 26.0 (3.2%) 100% 26% Butter 21.3 (2.6%) 13% 19% Buttermilk 13.8 (1.7%) 21% 2.9X GROWTH Cream 12.7 (1.6%) 15% Unorganised 32.2% Organised 13.8%% EXPECTED OVER 2014-2020 Flavoured Milk 12.6 (1.6%) 100% 25% Lassi 12.5 (1.5%) 21% Curd 12.1 (1.5%) 6% 20% Cheese Cooperatives 7.6% Private Players 6.2% 11.7 (1.4%) 100% 31% Paneer 6.1 (0.8%) 2% 24% Whey 3.0 (0.4%) 100% 22% Flavoured Yogurt 2.3 (0.3%) 100% 32% Source: IMARC report 27 27

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