Consolidated Balance Sheet as at March 31, 2021

` Crore
Note As at As at
No. March 31, 2021 March 31, 2020
I. ASSETS
1. Non-current assets
(a) Property, Plant and Equipment 3 1,210.22 1,205.02
(b) Capital work-in-progress 52.97 55.67
(c) Right-of-use assets 4 91.13 51.90
(d) Goodwill 5 5,129.85 5,339.32
(e) Other Intangible assets 5 2,473.57 2,635.16
(f) Intangible assets under development 4.46 1.37
(g) Investments in associate 6 19.42 34.80
(h) Financial Assets
(i) Other Investments 6A 2.51 -
(ii) Loans 7 21.78 22.63
(iii) Others 8 3.36 36.63
(i) Deferred tax assets (net) 9D 676.79 646.79
(j) Other non-current assets 10 55.03 45.21
(k) Non-Current Tax Assets (net) 9C 69.32 74.17
Total Non Current Assets 9,810.41 10,148.67
2. Current assets
(a) Inventories 11 1,716.25 1,703.12
(b) Financial Assets
(i) Investments 12 657.17 637.18
(ii) Trade receivables 13 1,004.50 1,157.25
(iii) Cash and cash equivalents 14A 524.13 602.87
(iv) Bank balances other than (iii) above 14B 148.08 167.29
(v) Loans 15 4.64 3.27
(vi) Others 16 70.64 164.51
(c) Other current assets 17 347.00 372.85
Total Current Assets 4,472.41 4,808.34
TOTAL ASSETS 14,282.82 14,957.01
II. EQUITY AND LIABILITIES
1. EQUITY
(a) Equity Share capital 18 102.25 102.23
b) Other equity 19 9,336.65 7,796.13
Total Equity 9,438.90 7,898.36
2. LIABILITIES
Non-current liabilities
(a) Financial liabilities
(i) Borrowings 20 480.11 2,145.04
(ii) Lease liabilities 4 67.49 34.19
(iii) Other financial liabilities 21 - 131.98
(b) Provisions 22 114.72 116.98
(c) Deferred tax liabilities (net) 9E 39.03 76.73
(d) Other non-current liabilities 23 6.88 7.17
Total Non Current liabilities 708.23 2,512.09
Current liabilities
(a) Financial liabilities
(i) Borrowings 24 279.41 518.70
(ii) Lease liabilities 4 28.16 22.43
(iii) Trade payables
(a) Total outstanding dues of Micro and Small Enterprises 25 24.86 27.15
(b) Total outstanding dues of creditors other than Micro and Small Enterprises 25 2,134.78 2,453.34
(iv) Other financial liabilities 26 1,462.23 1,336.04
(b) Other current liabilities 27 80.55 84.71
(c) Provisions 28 72.40 55.96
(d) Current tax liabilities (Net) 9C 53.30 48.23
Total Current Liabilities 4,135.69 4,546.56
TOTAL EQUITY AND LIABILITIES 14,282.82 14,957.01
The accompanying notes 1 to 58 are an integral part of the Consolidated Financial Statements.
As per our report of even date attached
For B S R & Co. LLP For and on behalf of the Board of Directors
Chartered Accountants
Firm Registration No. 101248W/W-100022

Vijay Mathur V Srinivasan Nisaba Godrej

Partner Chief Financial Officer Chairperson & Managing Director
M. No. 046476 & Company Secretary DIN: 00591503

Mumbai: May 11, 2021

352
 Financial Statements | Consolidated

Consolidated Statement of Profit and Loss for the year ended March 31, 2021
` Crore
Note Year ended Year ended
Particulars
No. March 31, 2021 March 31, 2020
Revenue
I. Revenue from Operations 29 11,028.62 9,910.80
II. Other income 30 67.07 112.30
III. Total Income (I + II) 11,095.69 10,023.10
IV. Expenses
Cost of Materials Consumed 31 4,606.76 4,121.75
Purchases of Stock-in-Trade 365.01 313.08
Changes in Inventories of Finished Goods, Stock-in-Trade and Work-in-Progress 32 (42.35) (173.15)
Employee Benefits Expense 33 1,123.34 1,018.82
Finance costs 34 126.63 217.41
Depreciation and Amortization Expenses 35 203.85 197.28
Other Expenses 36 2,587.61 2,487.27
Total Expenses 8,970.85 8,182.46
V.  Profit before Exceptional Items, Share of Net Profit/ (loss) of equity
2,124.84 1,840.64
accounted investees and Tax (III-IV)
VI. Share of net profit/ (loss) of equity accounted investees (net of income tax) (0.01) 0.81
VII. Profit before Exceptional Items and Tax (V+VI) 2,124.83 1,841.45
VIII. Exceptional Items (Net) 37 (44.47) (81.05)
IX. Profit before Tax (VII+VIII) 2,080.36 1,760.40
X. Tax expense:
(1) Current Tax 9A 408.14 378.66
(2) Deferred Tax 9A (48.60) (114.84)
Total Tax Expense 359.54 263.82
XI. Profit for the Year (IX-X) 1,720.82 1,496.58
XII. Other Comprehensive Income
A (i) Items that will not be reclassified to profit or loss
Remeasurements of defined benefit plans 5.69 (4.93)
(ii) Income tax related to items that will not be reclassifed to profit or loss 9A (1.35) 1.07
4.34 (3.86)
B (i) Items that will be reclassified to profit or loss
a) Exchange differences in translating financial statements of foreign
(188.96) 245.62
operations
b) The effective portion of gains and loss on hedging instruments in a
20.99 (18.56)
cash flow hedge
(167.97) 227.06
Other Comprehensive Income (net of income tax) (A+B) (163.63) 223.20
XIII. Total Comprehensive Income for the Year (XI+XII) 1,557.19 1,719.78
Profit attributable to:
Owners of the Company 1,720.82 1,496.58
Non-controlling interests - -
Other Comprehensive Income attributable to:
Owners of the Company (163.63) 223.20
Non-controlling interests - -
Total comprehensive income attributable to:
Owners of the Company 1,557.19 1,719.78
Non-controlling interests - -
XIV. Earnings per equity share ( ` )
1. Basic 38 16.83 14.64
2. Diluted 16.83 14.64

The accompanying notes 1 to 58 are an integral part of the Consolidated Financial Statements.
As per our report of even date attached
For B S R & Co. LLP For and on behalf of the Board of Directors
Chartered Accountants
Firm Registration No. 101248W/W-100022

Vijay Mathur V Srinivasan Nisaba Godrej

Partner Chief Financial Officer Chairperson & Managing Director
M. No. 046476 & Company Secretary DIN: 00591503

Mumbai: May 11, 2021

353