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Investor Presentaiton

EBIDTA - Outperforming Industry Average EBIDTA MARGINS % 20 20 27 20 19 23 22 220 20 21 22 2010-11 2011-12 2012-13 2013-14 2014-15 --Industry Avg -Torrent Pharma Higher than Industry avg EBIDTA Margins • Driven by Brands, Niche products, Field Force productivity Margin Expansion further to be driven by • Elder Acquired portfolio, USA Focus
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