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Investor Presentaiton

Significant Potential for Growth of our Emerging Brands (2/2) Opportunity twamev INR 133 bn Overall men's Indian wedding & celebration wear Market (FY20) 5.0-6.2% 20-25% Manyavarohey MANTHANⓇ CAGR (FY20-25E) Penetration of Branded men's Indian wedding & celebration wear Market (FY20) Target Focus on further up-selling at existing Manyavar stores Up-scale 'Manyavar' customer base to premium offering Establish footprint with 'Manyavar' stores Strategy Create a comprehensive merchandise mix Independent marketing initiatives Source: CRISIL report; *Note: Online channel includes Manyavar website, Manyavar mobile application and leading e-commerce partners 18-22% CAGR (FY20-25E) Increase footprint to cater to ~5 mn weddings in a year Increase footprint with a targeted presence through MBOS & LFS channels Target new customers via attractive pricing initiatives Focus on online sales via online channels* Blend of product designs at value prices 30
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