Investor Presentaiton

Analysis Q3 FY 22 Operational Income has expanded by 26.63% over Q3 FY 21 Good sales traction in Kerala and growth continues in strong double digits Gross Margins have dropped from 49.59% in Q3 FY 21 to 42.89% in Q3 FY 22. However, on a sequential basis, the gross margins have improved from 41.72% (Q2 FY 22) to a industry leading 42.89% due to large price increases in middle of Q3 Even during the tough inflationary environment, A & P spends in Q3 have been flat at Rs 29.56 cr compared to Rs. 30.40 cr in Q3 of FY 21, as the Company continues to invest in long term brand building EBITDA and PAT have expanded by 22.83% and 29.39% respectively over Q3 FY21, despite the reduction in Gross Margin %; only company in paint industry to report y-o-y growth in EBITDA and PAT EBITDA margin expanded to 14.57% sequentially from 11.92% in Q2 FY22 and PAT margin expanded to 9.08% from 6.80% in Q2 FY22 9

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