Statement of Profit and Loss

Particulars 2016 2017 2018

INCOME
Revenue from Operations 1725.60 1751.94 1948.57

COGS 1002.33 1029.81 1211.86

GROSS PROFIT 723.27 722.13 736.71

SG & A Expense 479.03 477.51 431.02

Depreciation and Amortisation Expense 47.12 51.48 54.34
EBIT 197.12 193.14 251.35

Finance Costs 22.89 15.18 8.59

Profit Before Tax 174.23 177.96 242.76

Income from non core activities 15.08 11.71 3.88

interest income 0.27 0.74 0.58
Expenses from non core activities 11.99 9.05 3.60
EBT from non core activities 3.36 3.40 0.86

Total EBT 177.59 181.36 243.62

Tax Expense
Current Tax 55.21 57.23 81.53
Deferred Tax 2.10 1.33 1.02
Tax for Earlier years (Net) 0.00 -0.17 0.00
57.31 58.39 82.55
Profit for the year 120.28 122.97 161.07

Earnings Per Equity Share

Basic (B) 10.02 10.24 13.40
Diluted (B) 10.00 10.23 13.38
 2019 2020 2021

2292.08 2410.48 2359.15

1481.97 1500.20 1402.65

810.11 910.28 956.50

475.36 492.07 449.75

62.41 109.42 110.02
272.34 308.79 396.73

6.90 16.87 17.08

265.44 291.92 379.65

12.33 8.62 22.03

0.65 0.43 0.74
10.44 9.26 11.26
2.54 -0.21 11.51

267.98 291.71 391.16

85.64 74.92 102.03

6.90 -9.46 -2.43
0.00 0.00 0
92.54 65.46 99.60
175.44 226.25 291.56

14.15 9.12 11.74

14.13 9.10 11.72
Cost of Materials Consumed, including Packi 596.26 580.13 705.69 910.03 930.78 863.85
Purchases of Stock-in-Trade 145.49 140.54 190.94 217.53 162.08 95.28
Changes in Inventories of Finished Goods, S -33.82 5.16 -13.62 -55.24 -53.54 44.15
Excise Duty on Sale of Goods 21.42 20.82 7.52 0.00 0.00 0.00
321.33 409.65 460.88 399.37

Other Expenses 603.16 597.51 541.87 636.79 668.22 558.99

Employee Benefits Expense 160.84 172.21 214.08 258.66 293.99 301.39

Depreciation and Amortisation Expense 47.12 51.48 54.34 62.41 109.42 110.02

Finance Costs 22.89 15.18 8.59 6.90 16.87 17.08

sum 1563.36 1583.03 2030.74 2446.73 2588.7 2390.13

Other Income 3.46 3.73 4.46 12.98 9.05 22.77

729.35 746.65 1211.86 1481.97 1500.20 1402.65

603.16 597.51 220.54 227.14 207.34 159.62

160.84 172.21 214.08 258.66 293.99 301.39

764.00 769.72 434.62 485.80 501.33 461.01

Balance Sheet

Particulars 2016 2017 2018 2019

ASSETS
Non-Current Assets
Property, Plant and Equipment 462.61 480.08 469.81 800.45
Capital Work-in-Progress 27.99 61.91 136.44 10.17
Intangible Assets 67.92 61.22 55.05 47.69
Intangible Assets under Development 0.24 0.51 1.14 1.23
Right-of-Use Asset
Financial Assets
Investments 0.50 0.70 0.20 0.20
Loans 19.22 18.31 16.20 17.09
Other Financial Assets 0.61 0.12
Other Non-Current Assets 0.00 0.13 8.64 7.50
578.48 622.86 688.09 884.45
Current Assets
Inventories 285.84 290.21 313.93 401.54
Financial Assets
Investments 0.5 0.00
Trade Receivables 108.69 123.71 173.45 196.59
Cash and Cash Equivalents 2.37 3.65 3.12 1.88
Bank Balances other than Cash and Cash Equivalents 0.88 0.34
Loans 19.06 23.49 0.39 0.39
Other Financial Assets 22.71 43.07
Current Tax Assets (Net)
Other Current Assets 2.95 3.22 46.76 76.30
418.91 444.28 561.74 720.11
Total Assets 997.39 1067.14 1249.83 1604.56

EQUITY AND LIABILITIES

Equity
Equity Share Capital 12.00 12.01 12.03 12.40
Other Equity 467.98 592.78 749.18 1092.67
479.98 604.79 761.21 1105.07
Liabilities
Non-Current Liabilities
Financial Liabilities
Lease Liabilities 112.99 69.81 39.26 0.00
Other Financial Liabilities 10.23 10.06 0.71 0.01
Provisions 5.28 7.26 7.48 9.00
Deferred Tax Liabilities (Net) 27.01 28.34 26.31 34.44
155.51 115.47 73.76 43.45
Current Liabilities
Financial Liabilities
Borrowings 89.61 60.89 86.09 86.92
Trade Payables
Total Outstanding Dues of Micro Enterprises and Sma 5.39 7.09 13.75 13.68
Total Outstanding Dues of Creditors Other than Micro 116.98 118.61 161.15 177.25
Other Financial Liabilities 92.63 114.27
Other Current Liabilities 118.11 137.15 55.97 58.18
Provisions 31.81 23.14 2.64 3.69
Current Tax Liabilities (Net) 2.63 2.05
361.90 346.88 414.86 456.04
Total Equity and Liabilities 997.39 1067.14 1249.83 1604.56

1 1 1 1
 2020 2021

750.09 721.05
43.81 112.23
40.98 33.33
1.79 5.80
189.94 183.68

0.20 0.20
18.49 15.43
0.35 1.89
4.23 22.30
1049.88 1095.91

447.74 422.14

- 337.98
172.08 181.46
2.55 6.34
1.54 1.35
0.28 0.41
1.87 0.07
6.16 0
158.98 130.14
791.20 1079.89
1841.08 2175.80

24.82 24.84
1247.58 1547.57
1272.40 1572.41

119.78 115.23
0.01 0.17
10.84 16.10
24.75 22.80
155.38 154.30

19.16 0

27.50 47.36
156.29 175.44
101.11 134.55
58.59 57.81
50.65 27.18
0 6.75
413.30 449.09
1841.08 2175.80

1 1
Statement of Cash Flows

Particulars 2020 2021

Cash flow from Operating Activities
Profit Before Tax 291.71 391.16
Adjustments for
Depreciation and Amortisation Expense 109.42 110.02
Finance Costs 16.87 17.08
Interest Income on Financial Assets -0.43 -0.74
Net Gain on Sale of Current Investments -1.07 -7.41
Net Unrealised (Gain) / Loss on Foreign Currency Transactions and Translations -0.75 0.70
Gain on Lease Modification, Termination and Concession 0 -11.82
Share Based Payments 2.94 2.11
Fair Valuation (Gain) / Loss on Derivative Instruments -2.76 2.31
Write Down of Inventories to net realisable value related to Raw Materials, Wor 2.90 4.89
Bad debts Written off 0.04 0.06
Allowances for Doubtful Trade Receivables (Expected Credit Loss Allowance) 1.90 0.19
Net loss on Disposal / Write off of PPE and Intangible Assets 1.10 0.68
Operating Profit Before Working Capital Changes 421.87 509.23
Changes in Working Capital
Adjustments for (Increase) / Decrease in Operating Assets
Loans to Employees 0.08 -0.19
Security Deposits -1.37 3.13
Other Non-Current Assets -1.17 -4.44
Trade Receivables 51.38 -11.49
Other Current Assets -38.33 28.84
Inventories -68.21 20.71
Adjustments for Increase / (Decrease) in Operating Liabilities
Trade Payables 8.46 40.18
Other Financial Liabilities 7.01 33.33
Provisions 21.90 -16.28
Other Current Liabilities 0.41 -0.78
Net Cash Flow from / (used in) Working Capital -19.84 93.01
Cash Generated from Operations 402.03 602.24
Taxes Paid * -83.13 -89.12
Net Cash Generated from Operating Activities 318.90 513.12
Cash Flow from Investing Activities
Payment for Purchase of PPE including Capital Work-in-Progress and Intangible -116.10 -123.32
Proceeds from Sale of PPE and Intangible Assets 0.24 1.42
(Purchase) / Redemption of Current Investments (Net) 1.07 -330.57
Interest Income Received 0.41 0.72
(Purchase) / Maturity of Bank Deposits held as Margin Money (Net) -1.29 -1.41
Net Cash Flow (used in) Investing Activities -115.67 -453.16
Cash Flow from Financing Activities
Proceeds from Issuance of Equity Shares under Employee Stock Option Plan 0.02 0.02
Securities Premium received on exercise of Equity Shares issued under Employe 3.13 4.87
Proceeds from / (Repayment) of Current Borrowings (Net) -67.76 -19.16
Repayment of Non-Current Borrowings -23.65 0
Payment of Principal Lease Liabilities -32.61 -24.75
Dividend Paid (Including Dividend Distribution Tax) -64.32 0
Finance Costs -17.37 -17.13
Net Cash Flow (used in) Financing Activities -202.56 -56.15
Net Increase / (Decrease) in Cash and Cash Equivalents 0.67 3.81
Cash and Cash Equivalents at beginning of the year 1.88 2.55
Exchange Fluctuation Gain / (Loss) on Foreign Currency Bank Balances 0.00 -0.02
Cash and Cash Equivalents at end of the year 2.55 6.34
Components of Cash and Cash Equivalents (At end of the year)
Balances with Banks on Current Accounts 2.21 5.66
Cash on Hand 0.34 0.68
2.55 6.34