Dabur corporate-profile-august-2012

Dabur India LimitedCorporate ProfileCorporate Profile

August 2012

11

AgendaAgenda

Dabur India-Introduction

Business Overview

FMCG Industry Scenario

Growth Strategy

Business Overview

Recent Performance

22

Dabur India: OverviewDabur India: OverviewE t bli h d i 1884 th 125 l illi dEstablished in 1884 - more than 125 Years of Trust & Excellence

Among top 4 FMCG companies in India

World’s largest in Ayurveda and natural

Twelve Billion Rupee Brands

g yhealthcare

Revenue of Rs. 53.2 billion and profits of Rs. 6.4 billion in FY2011-12

Strong brand equityStrong brand equity

Dabur is a household brand

Vatika and Real are Superbrands

Hajmola , Real & Dabur ranked among India’s Most Admired Brands

12 Brands with sales of over Rs. 1 billion each

Wide distribution network covering 3.4 gmillion retailers across the country

17 world class manufacturing plants catering to needs of diverse markets

Strong overseas presence with c 30%

Dabur ranked as No. 2 Most Social Brand of India, in the Social Media

Dabur ranked the No. 2 Indian Green Brand by Green Brands Global Survey

Dabur has been ranked as the Most Trusted Leader in the Healthcare category in the

33

Strong overseas presence with c. 30% contribution to consolidated sales

report launched at Click Asia Summit 2012

Brand Trust Report 2012

“Dabur has surpassed the US$ 1 billion mark in revenues”

Dabur: Vision and Core ValuesDabur: Vision and Core Values

•Dedicated to the health and well being of every householdVision

Ownership

Passion for WinningIntegrity

Core Values

People DevelopmentInnovation

Consumer FocusTeam Work

44

Focus

Key MilestonesKey Milestones

1884

•Dr. SK Burman started an Ayurvedic Pharmacy in Kolkatta

1972

•The company shifted base to Delhi from Kolkata

1986

•Registered as Public Limited Company

1994

•Listed on the B b St k

1998

•Professionalized with B F il h di

2003

•Pharmaceutical Business d d t f Bombay Stock

ExchangeBurman Family handing over day to management

de-merged to focus on core FMCG business

2004

•International Business set up in Dubai to tap overseas opportunity

2005

•Acquired Balsara strengthening Oral care & gaining entry into Home care

2006

•Dabur Figured in Top 10 Great Places To Work

2008

•Acquired Fem Care Pharma entering

2010

• Overseas acquisitions -Hobi Group, Turkey and

2012

•Crossed Rs. 50 bnmark in annual

55

Pharma entering mainstream Skin care

p, yNamaste Laboratories, US revenues and Market

Cap of c. US$4 billion

Performance at a Glance (5 years)Performance at a Glance (5 years)

Net Profit (Rs. billion)

40.8

52.8

Net SalesSales (Rs. billion)

5.05.7

6.5

23.6

28.133.9

40.8

3.33.9

EBITDA (R billi )

FY08 FY09 FY10 FY11 FY12 FY08 FY09 FY10 FY11 FY12

Sh h ld F d (R billi )EBITDA (Rs. billion)

6.7

8.3

9.5

13.9

17.2

Shareholders Funds (Rs. billion)

4.45.2

6.28.2

9.3

66

FY08 FY09 FY10 FY11 FY12 FY08 FY09 FY10 FY11 FY12

Global FootprintGlobal Footprint

Canada

UK

Turkey

U.S. EgyptUAE

Nepal

Nigeria

B’Desh

Domestic Mfg. Locations

Manufacturing Facilities

Key markets

77

Our strategy is to localize manufacturing, supply chain and product offerings to suit consumer requirements

in each geography

Distribution OverviewDistribution Overview

DepotDepot

FactoryFactory

(Carry & Forward Agents)DepotDepot

Military / CSDMilitary / CSD

Insti StockistsInsti StockistsStockistsStockists

Modern TradeStockist

Modern TradeStockist

Super stockistsSuper stockists

WholesalersWholesalers

StockistStockist

Sub stockistsSub stockists

Unit CanteensUnit Canteens Insti customers Insti customers Retail trade Retail trade

Shoppers & ConsumersShoppers & ConsumersDirect reach

Rural tradeRural trade

88

Direct + Indirect Reach Direct + Indirect Reach c. c. 3.4 3.4 mnmn Retail OutletsRetail Outlets

Shoppers & ConsumersShoppers & Consumers0.7 Mln outlets

Research & Development FocusResearch & Development Focus

Strong New Product Development

Ayurvedic Medicines

Personal Care

Team of scientists including Ayurvedic doctors, Pharmacists, Agronomists, Botanists, Tissue Culture specialists, etc.

Foods

Home Care

OTC HealthcareAgro Biotech Initiatives

Protecting endangered herbsProtecting endangered herbs

Technical assistance to farmers

Contract cultivation of herbs

Green House at Nepal

Agronomy Initiatives : Greenhouse at Dabur Nepal & Uttaranchal

Dabur Research Facilities

99

AgendaAgenda


Business Overview


Growth Strategy

Business Overview

Recent Performance

1010

FMCG Industry SnapshotFMCG Industry Snapshot

1,5661,807

1,600

1,800

2,000

1 0401,201

1 200

1,400

606700

800

FMCG Industry Size (in Rs. bn) FMCG Industry Urban (in Rs. bn) FMCG Industry Rural (in Rs. bn)

0

200

400

600

800

1,000

1,200

1,400 1,040

0

200

400

600

800

1,000

1,200526

0

100

200

300

400

500

600

0

MAT Jun '11 MAT Jun '12

0


0


Source: AC Nielsen

FMCG sector in India continues on a strong growth path with both Urban andRural India contributing to growth Rural India contributes to c one third of FMCG

Overview

Rural India contributing to growth. Rural India contributes to c. one third of FMCGsales in IndiaGrowth driven by increasing consumption led by rise in incomes, changinglifestyles and favorable demographicsAs per a study conducted by Booz & Company, FMCG sector is expected to grow

1111

As per a study conducted by Booz & Company, FMCG sector is expected to growin the range of 12% to 17% upto 2020 and would touch a market size between ofRs. 4,000 to Rs. 6,200 billion

Penetration Levels: Sufficient HeadroomPenetration Levels: Sufficient Headroom

67%

77% 80%

70%

80%

90%

Rural Penetration Urban Penetration

42%37%

67%

57% 59%

40%

50%

60%

70%

18% 18%

3% 2% 4%

32%

19%

5%

26%

10%

20%

30%

40%

Source: Industry data

3% 2% 4%

0%

Toothpaste Shampoo Hair Oil Skin Cream Mosquito Repellants

Instant Noodles

Hair Dyes Floor Cleaners

Low penetration levels offer room for growth across consumption categories

Rural penetration still lower but catching up with urban penetration levels

1212

Per Capita Consumption: Room for GrowthPer Capita Consumption: Room for Growth

7 79 2 73

Skin Care – Per Capita Consumption (in US$) Shampoo – Per Capita Consumption (in US$)

in US$in US$

India has low per capita consumption as compared to other emerging economies

3.2

7.4 7.7

3

4

5

6

7

8

1.0 1.1

2.72.4

1

1.5

2

2.5

0.8 0.30

1

2

China Indonesia India Malaysia Thailand

0.3

0

0.5


2.9

2 02.5

3

3.5

Toothpaste – Per Capita Consumption (in US$)

in US$

0.5

1.0

0.4

2.0

0

0.5

1

1.5

2

1313


Source: MOSL

Key Players: FMCGKey Players: FMCGin Rs millionin Rs. million

Company Key Categories Sales Profit Market Cap

Hindustan Unilever Ltd Soaps, Detergents, Personal Care Foods 229,877 27,907 1,031,500Personal Care, Foods , , , ,

Nestle India Ltd* Food, Beverages, Infant nutrition 74,908 9,616 425,135

Dabur India Ltd Personal, Health & 52 832 6 449 209 133Dabur India Ltd ,Homecare, Foods 52,832 6,449 209,133

Godrej Consumer Hair Care, Soaps 48,509 7,267 210,268

Colgate Palmolive (I) Ltd Oral Care & Toiletries 26,239 4,465 161,865

Glaxo Smithkline Consumer* Consumer Health Care 26,855 3,552 118,041

Marico Ltd. Hair care, Food, Skincare 39,968 3,171 119,269

Britannia Industries Ltd Biscuits 54,607 1,995 54,135

Market Cap as of Aug 8 2012

Britannia Industries Ltd Biscuits 54,607 1,995 54,135

Procter & Gamble Hygiene and Health Care^

Feminine Hygiene, personal care 10,003 1,509 74,255

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Source: Published results for year ending 31.03.12

*Year ending 31.12.11

^Year ending 30.06.11

Market Cap. as of Aug 8, 2012

Dabur: Strong Presence in FMCG CategoriesDabur: Strong Presence in FMCG Categories

Market SharePosition Key BrandsCategory

Hair Care 12%3 Dabur Amla hair Oil, Vatika hair oil & Vatika Shampoos

Oral Care

Ayurvedic Tonics

Vatika Shampoos

13%3 Red toothpaste, Babool, Meswak, Red toothpowder

67%1 Dabur ChyawanprashTonics

Digestives 56%1 Hajmola

Fruit Juices 52%1 Real Fruit Juices, Real Activ

Honey 1 50% Dabur Honey

Glucose 2 25% Dabur Glucose

Skin Care (Bleaches)

1 50% Fem

Air Freshener 1 40% Odonil

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Hair care includes Hair Oils & Shampoos; Oral care includes Toothpastes & Toothpowder; Digestives includes herbal digestives

AgendaAgenda


Business Overview


Growth Strategy

Business Overview

Recent Performance

1616

Business StructureBusiness Structure

Dabur India Limited

Domestic Business (69.7%)

International Business (30.3%)

Consumer Care

(56 0%)

Foods (10.1%)

Retail (0.8%)

DaburInternational

(17 5%)

HobiGroup

(2 6%)

Namaste Labs. LLC (10 3%)

Others* (2.7%)(56.0%) ( ) ( ) (17.5%) (2.6%) (10.3%)( )

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* Others includes Commodity Exports etc

Note: % figure in brackets indicate % share in Consolidated Sales for FY12

Consumer Care OverviewConsumer Care Overview

Category-wise Share of Consumer Care Sales

Health Supplements

Oral Care17% 21%

Digestives

Skin Care6%

17%

8%

OTC & Ethicals12%Hair Care

Home Care6%

Hair Care is the largest category and contributes to 29% of Consumer Care sales

12%30%

Hair Care is the largest category and contributes to 29% of Consumer Care salesHealth Supplements contribute to 22% of Consumer Care salesOral Care, comprising toothpastes and toothpowders contributes to 18% ofConsumer Care sales

1818

Note: Percentage share based on revenue for FY12

Consumer Care CategoriesConsumer Care CategoriesHair Oils

Key BrandsHair Oils

#2 player in Hair Oils

Dabur Amla: Largest brand in the portfolio

Vatika: Value added coconut oil

Anmol Hair Oil: Value proposition

ShampooKey Brands

Shampoo

#4 player in Shampoos

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Vatika range of shampoos

Consumer Care CategoriesConsumer Care CategoriesOral Care

Key Brands

Oral Care

#3 player in ToothpastesToothpastes

#2 player in Dabur Red: Toothpaste & Toothpowder

Babool: Targeted at economy segment

Meswak: Premium therapeutic toothpaste

Skin Care

Toothpowder

Key Brands

Skin Care

#2 l i #2 player in Skin

Lightening

G l b i f U d R f

2020

Gulabari range of rose based skin care products

Fem range of BleachesUveda: Range of Ayurvedic Skin Care

Consumer Care CategoriesConsumer Care Categories

Key Brands

Home Care

#1 player in Air #1 player in Air Fresheners

#1 player in

Odonil: Air freshner L t b d

Odomos: Mosquito ll t ki

Sanifresh:

p yMosquito Repellant

Creams

#2 l i T il t range: Largest brand in the portfolio

repellant skin cream Toilet cleaner#2 player in Toilet Cleaners

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Odonil became one of the Billion Rupee Brands during 2011-12

Consumer Care CategoriesConsumer Care CategoriesH lth S l t

Key Brands

Health Supplements

#1 player in Ayurvedic Tonicsy

#2 player in Glucose

Dabur Chyawanprash: Largest selling health supplement in the country

Dabur Glucose: 2nd largest player in the country

Dabur Honey: Largest branded honey in the country; growing category through replace sugar strategy

#1 player in branded Honey

g gy

Key Brands

Digestives

#1 player in Herbal

Digestives

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Hajmola: Flagship brand for branded Digestives

Hajmola tasty digestive candy

Consumer Care CategoriesConsumer Care CategoriesOTC d Ethi lOTC and Ethicals

Description

Repository of Dabur’s Ayurvedic Healthcareknowledge

CHD Structure

knowledgeRange of over 260 productsFocusing on multiple therapeutic areas.Distribution coverage of 200,000 chemists,~12,000 vaidyas & 12,000 Ayurvedicpharmacies

OTC (64%)

Generics

Branded Products

ETHICAL (36%)

Tonic

ClassicalspharmaciesFocus on growing the OTC Health-Careportfolio aggressively

Branded Products Classicals

Branded Ethicals

Healthcare Focus

OTC Healthcare is Rs.130 billion size industryExpected to grow at 14-15% p.a. aspreference for Over-the-Counter productsaccelerates

Healthcare Focus

Dabur to expand its presence by :Consolidating / expanding currentportfolioLaunching new products in emergingtherapeutic areas

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therapeutic areasLook at inorganic opportunities

Acquired the energizer brand, Thirty Plusfrom Ajanta Pharma in May 2011 Range of OTC products

Foods BusinessFoods Business

Foods portfolio comprises Juices and Culinary range

Juices are under the brands – Real, Activ and Burrst

Culinary range is under Hommade brand

Foods

Foods business has surpassed the Rs. 5 billion mark in sales

Key Brands

#1 player in Fruit Juices

R l Fl hi Real Activ: Range

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Real: Flagship beverages brand

Real Activ: Range of 100% pure juice

International BusinessInternational BusinessStarted as an Set up a franchisee at Renamed franchisee as Dabur Building scale- c 30% of Started as an ExporterFocus on Order fulfillment through India Mfg.

Set up a franchisee at Dubai in 1989Demand generation led to setting up of mfg in Dubai & Egypt

Renamed franchisee as Dabur International LtdLocal operations further strengthenedSet up new mfg facilities in Nigeria,RAK & Bangladesh

Building scale c. 30% of Consol. SalesHigh Levels of LocalizationGlobal Supply chain

1980’s Early 90’s 2003 Onwards Today

Highlights

Dabur’s overseas business contributes c

High Growth in IBD

in Rs million

3 7604,770

6,025

8,922

16,161

6000

8000

10000

12000

14000

16000

18000Dabur s overseas business contributes c.30% to consolidated sales led by CAGR of32% in last 6 yearsFocus markets:

GCCE t

in Rs. million

1,281 1,807 2,258 2,917 3,760,

0

2000

4000

6000

FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12

EgyptNigeriaTurkeyBangladeshNepal International Sales Breakdown (FY12)pU.S.

High level of localization of manufacturingand sales and marketingLeveraging the “Natural” preference amonglocal consumers to increase share in personal

International Sales Breakdown (FY12)

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local consumers to increase share in personalcare categoriesSustained investments in brand building andmarketing

Africa and Middle East OverviewAfrica and Middle East Overview

Real GDP Growth Rates (YoY) in % Africa’s Bulging Base

Source: IMF Source: McKinsey on Africa, June 2010

Middle East and Africa have witnessed stable GDP growth ratesBetween 2005 and 2015, it is estimated that in Africa, the share of individuals earningabove US$1,000 will grow from 39% to 55%.The rapidly emerging African middle class could number as many as 300 million, out of atotal population of one billion

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total population of one billionThe sheer volumes and the growth in the number of aspirational consumers withdisposable income creates huge opportunities for consumer products companies

Acquisition of Hobi Group, TurkeyAcquisition of Hobi Group, TurkeyAcquisition of Hobi Group, Turkey for a totalconsideration of US$ 69 Million completed onOctober 7, 2010

Hobi manufactures and markets hair, skin andbody care products under the brands Hobbyand New Era

Product range of the company iscomplementary to our product range

Acquisition provides an entry into anotherattractive emerging market and a goodplatform to leverage this across the region

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Acquisition of Namaste LaboratoriesAcquisition of Namaste LaboratoriesDabur India Limited through its subsidiary Dabur International Limited acquired 100% stakein Namaste Laboratories LLC for $100 million, in an all-cash deal on January 1, 2011

Namasté is a leading ethnic hair care products company, having products for women ofcolour, with revenues of c. $95 million (CY2010) from US, Europe, Middle East and Africanmarketsmarkets

The company markets a portfolio of hair care products under the brand ‘Organic RootStimulator’ and has a strong presence in ethnic hair care market for women of colour.

Acquisition to enable entry into Ethnic Hair Care products market valued at more than US$1.5billion and tap into significant market opportunity in the fast growing hugely populated (~1billion and tap into significant market opportunity in the fast growing, hugely populated (~1Bn) yet highly underpenetrated consumer markets of Sub Saharan Africa

We intend to grow the non U.S. business ahead of U.S. business and are taking initiatives inthis direction

We have commenced local manufacturing for Namaste at our RAK facility in UAEWe have commenced local manufacturing for Namaste at our RAK facility in UAE

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AgendaAgenda


Business Overview


Growth Strategy

Business Overview

Recent Performance

2929

Growth StrategyGrowth Strategy

Three pronged Growth Strategy

Expand Innovate Acquire

Our differentiation is the herbal and ayurvedic platform

Expand

Strengthening presence in existing categories and markets as well entering new geographies

Maintain dominant share in categories where we are category builders like Health Supplements, Honey etc. and expand market shares in other categories

Calibrated international expansion – local manufacturing and supply chain to enhance flexibility p g pp y y/ reduce response time to change in market demands

Innovate

Strong focus on innovation. Have rolled out new variants & products which have contributed to around 5-6% of our growth p.a.around 5 6% of our growth p.a.

Renovation of existing products to respond to changing demands (Toothpowder to Toothpaste)

Acquire

Acquisitions critical for building scale in existing categories & markets

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Should be synergistic and make a good strategic fit

Target opportunities in our focus markets

AgendaAgenda


Business Overview


Growth Strategy

Business Overview

Recent Performance

3131

Recent Financial PerformanceRecent Financial Performance14 62016000 Consolidated Sales grew by 21 4% during

12,04614,620

40006000800010000120001400016000 Consolidated Sales grew by 21.4% during

Q1FY13

Sales growth was a combination of volumegrowth, price increases and marginal

l i i

Revenue (in Rs. mn)

02000

Q1 FY12 Q1 FY13

translation gains

EBITDA i d b 20 5% d EBITDA i

1,9952,403

1,000

1,500

2,000

2,500

3,000

EBITDA (in Rs. mn)

EBITDA increased by 20.5% and EBITDA marginwas stable at 16.4% in Q1FY13 v/s 16.6% inQ1FY12

Material costs eased, with material costs at/

0

500

Q1 FY12 Q1 FY13

( )50.0% of sales in Q1FY13 v/s 52.2% in Q1FY12

Adpro during the quarter increased to 15.7% ascompared to 12.6% in previous year

1,2791,546

1000

1500

2000

PAT* (in Rs. mn)

Above factors translated into growth inConsolidated PAT (before extraordinary item)of 20.8%.

Extraordinary loss of Rs. 49 million due to sale

3232

0

500

Q1 FY12 Q1 FY13

( ) yof stake in Weikfield International (UAE)

* Before Extraordinary Items

Market Cap & ShareholdingMarket Cap & Shareholding

DIIs, 6.7%Others, 6.9%

Shareholding Structure*Cumulative Returns to Shareholders^

166%188% 193%

200%

250%

Promoters, 68.7%

FIIs, 17.7%

59%

166%

50%

100%

150%

*As on June 30, 2012

0%

Jun‐09 Jun‐10 Jun‐11 Jun‐12

^Based on an investment made in June 2008

Dabur has provided strong returns to its shareholders over the years

At present, Dabur has a market cap of INR 209 billion (as of Aug 8, 2012)

3333

Consolidated P&LConsolidated P&LIn Rs. million Q1FY13 Q1FY12 YoY (%)Net Sales 14,619.7 12,045.8 21.4%Other Operating Income 97.3 65.0Material Cost 7,316.4 6,289.8 16.3%% of Sales 50 0% 52 2%% of Sales 50.0% 52.2%Employee Costs 1,062.0 913.3 16.3%% of Sales 7.3% 7.6%Ad Pro 2,292.1 1,514.8 51.3%% of Sales 15.7% 12.6%Other Expenses 1,888.1 1,549.2 21.9%% of Sales 12.9% 12.9%Other Non Operating Income 244.6 151.3 61.7%EBITDA 2,403.0 1,995.1 20.4%% of Sales 16.4% 16.6%% of Sales 16.4% 16.6%Interest Exp. and Fin. Charges 212.6 145.0 46.6%Depreciation & Amortization 267.0 248.4 7.5%Profit Before Tax (PBT) 1,923.4 1,601.7 20.1%Tax Expenses 377.7 322.5 17.1%PAT(B f di i ) 1545 7 1279 2 20 8%PAT(Before extraordinary item) 1545.7 1279.2 20.8%% of Sales 105.7% 106.2%Extraordinary Item 49.3PAT(After extraordinary Items) 1496.4 1279.2 17.0%Minority Interest ‐ (Profit)/Loss 2.4 1.8

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y ( )/PAT (After Extra ordinary item & Minority Int) 1494.0 1277.4 17.0%% of Sales 10.2% 10.6%

Consolidated Statement of Assets and LiabilitiesConsolidated Statement of Assets and LiabilitiesIn Rs mn As at As at In Rs. mn (Period ended) 30/06/2012 (previous year end) 31/03/2012

A EQUITY AND LIABILITIES1 Shareholders’ funds

(a) Share capital 1,743 1,742 (b) Reserves and surplus 16,708 15,427 (c) Money received against share warrantsSub-total - Shareholders' funds 18,451 17,169Sub total Shareholders funds 18,451 17,169

2 Share application money pending allotment3 Minority interest * 23 33 4 Non-current liabilities - -

(a) Long-term borrowings 8,168 7,272 (b) Deferred tax liabilities (net) 288 274 (c) Other long-term liabilities - -(d) Long term provisions 6 751 6 576(d) Long-term provisions 6,751 6,576 Sub-total - Non-current liabilities 15,207 14,122

5 Current liabilities(a) Short-term borrowings 3,210 3,471 (b) Trade payables 8,887 8,592 (c) Other current liabilities 888 1,198 (d) Short-term provisions 1,611 1,639 Sub-total - Current liabilities 14,597 14,900

TOTAL - EQUITY AND LIABILITIES 48,278 46,223 B ASSETS1 Non-current assets

(a) Fixed assets 9,216 8,854 (b) Goodwill on consolidation * 7,804 7,826 (c) Non-current investments 743 893 (d) Deferred tax assets (net) - -(e) Long-term loans and advances 4,649 4,327 (f) Other non-current assets 661 719 Sub-total - Non-current assets 23,074 22,618

2 Current assets(a) Current investments 4,686 3,932 (b) Inventories 8,307 8,239

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(b) Inventories 8,307 8,239 (c) Trade receivables 4,452 4,617 (d) Cash and cash equivalents 4,853 4,484 (e) Short-term loans and advances 2,038 1,543 (f) Other current assets 868 789

Sub-total - Current assets 25,205 23,605 TOTAL - ASSETS 48,278 46,223

Recent AccoladesRecent Accolades

Dabur has been voted by consumers as Indian P B d 2011 2012

Dabur ranked as No. 2 Most Social Brand of India in the Social

Dabur India Ltd has been ranked among the Top 10 ‘B t C i T W k

Dabur has been ranked as the Most Trusted L d i th H lth PowerBrand 2011-2012 of India, in the Social

Media report launched at Click Asia Summit 2012

‘Best Companies To Work For’ in the Manufacturing sector by Business Today

Leader in the Healthcare category in the Brand Trust Report 2012

Dabur's greenfield unit in Baddi awarded LEED India Silver Rating for

Dabur's Baddi Units awarded Silver Certification for

h f

Dabur ranked 37 in list of India's Greatest Wealth Creators 2011. Dabur has been ranked

Dabur ranked 184 in the FE-500 list of India's Finest

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achieving Green Building Standards

Enhancing Manufacturing & Supply Chain Excellence, by ET–India Manufacturing Excellence cell

Dabur has been ranked 30 in the list of India's Top Employment Generators by Business & Economy magazine

Companies

DisclaimerDisclaimer

Some of the statements made in this presentation contain forward looking information that involve anumber of risks and uncertainties Such statements are based on a number of assumptions estimatesnumber of risks and uncertainties. Such statements are based on a number of assumptions, estimates,projections or plans that are inherently subject to significant risks, as well as uncertainties andcontingencies that are subject to change. Actual results can differ materially from those anticipated in theCompany´s forward‐looking statements as a result of a variety of factors, including those set forth fromtime to time in the Company´s press releases and reports and those set forth from time to time in theCompany´s analyst calls and discussions. We do not assume any obligation to update the forward‐lookingp y y y g p gstatements contained in this presentation.

No part of this presentation shall form the basis of or may be relied upon in connection with any contractor commitment. This presentation is being presented solely for your information and is subject to changewithout notice.

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Investor RelationsDabur India Ltd

Contact:+91-11-42786000

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Dabur corporate-profile-august-2012

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