Investor Presentation April 2018

NM Cream continues to show an increase in value MS in UP. 14.0 12.0 10.0 8.0 6.0 4.0 2.0 Nomarks MS Val Trend - UP (Anti Marks Women's Category) 6.3 5.3 4.9 5.0 4.6 4.2 4.0 8.3 7.9 11.5 10.3 9.0 8.3 7.8 13.0 12.5 10.6 10.0 0.0 JUN16 JUL16 AUG16 SEP16 OCT16 NOV16 DEC16 JAN17 FEB17 MAR17 APR17 MAY17 JUN17 JUL17 AUG17 SEP17 OCT17 NOV17 DEC17 JAN18 FEB18 MAP ⚫UP-Urban UP-Rural UP (U+R) GREAT PLACE Nielsen Mar ΤΟ WORK CERTIFIED JAI. 20 DEC 2017 INDIA 21

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