Particulars Note

INCOME
Revenue from operations 25
Other income 26
TOTAL INCOME
EXPENSES
Cost of materials consumed 27
Purchases of Stock-in-trade 28
Changes in inventories of finished goods, work-in-progress and Stock-in-trade 29
Employee benefits expense 30
Finance costs 31
Depreciation and amortisation expense 32
Other expenses 33
TOTAL EXPENSES
Profit before exceptional items and tax
Exceptional items (net) 34
Profit before tax
Tax expenses
Current tax 9A
Deferred tax charge 9A
PROFIT FOR THE YEAR (A)
OTHER COMPREHENSIVE INCOME
Items that will not be reclassified subsequently to profit or loss
Remeasurements of the net defined benefit plans 39C
Income tax relating to items that will not be reclassified subsequently to profit or loss
Remeasurements of the net defined benefit plans 9A
Items that will be reclassified subsequently to profit or loss
Fair value of debt instruments through other comprehensive income 18C
Fair value of cash flow hedges through other comprehensive income 18C
Income tax relating to items that will be reclassified subsequently to profit or loss
Fair value of debt instruments through other comprehensive income 9A
Fair value of cash flow hedges through other comprehensive income 9A
OTHER COMPREHENSIVE INCOME FOR THE YEAR (B)
TOTAL COMPREHENSIVE INCOME FOR THE YEAR (A+B)
Earnings per equity share
Basic (Face value of ₹1 each) 35
Diluted (Face value of ₹1 each) 35
2024 2023 2022 2021 2020

60469 59144 51193 45996 38785

973 640 393 513 733
61442 59784 51586 46509 39518

17791 19229 15869 14951 11572

11544 11968 9274 7117 6342
-8 -53 -19 -391 -121
2782 2665 2399 2229 1691
302 101 98 108 106
1097 1030 1025 1012 938
14170 11703 11167 10766 9701
47678 46643 39813 35792 30229
13764 13141 11773 10717 9289
-89 -62 -34 -277 -197
13675 13079 11739 10409 9092

-3446 -2922 -2778 -2458 -2202

-115 -195 -143 -78 -152
10114 9962 8818 7954 6738

36 -17 41 -3 -68

-9 4 -10 1 17

2 -1 -1 0 -1
-1 -21 85 70 -77

0 0 0 0 0
-3 9 0 -47 40
25 -26 115 21 -89
10139 9936 8933 7975 6649

43.05 42.4 37.53 33.85 31.13

43.05 42.4 37.53 33.85 31.12
 2024 2023 2022 2021 2020
PROFITABILITY RATIO

GPR 72.19 68.57 69.77 68.61 72.05

OPR 22.76 22.22 23.00 23.30 23.95

NPR 16.77 16.80 17.45 17.23 17.14

ROA 13.15 13.83 12.81 11.71 33.92

ROE 19.89 19.78 18.32 16.81 82.79

EPS 43.14 42.28 38.01 33.72 30.78

MARKET RATIOS

P/E 53.08 60.55 53.93 72.06 74.72

MARKET TO BOOK 10.56 11.98 9.88 12.04 61.86

DIVIDEND YEILD

EARNING YEILD 1.88 1.65 1.85 1.39 1.34

 2024 2023 2022 2021 2020
MARKET PRICE PER SHARE 2290 2560 2050 2430 2300
BOOK VALUE PER SHARE 216.91 213.71 207.49 201.85 37.18
DIVIDENR PER SHARE
[Link]
Column1

A CASH FLOWS FROM OPERATING ACTIVITIES:

Profit before tax
Adjustments for:
Depreciation and amortisation expense
Loss/(Profit) on sale of property, plant and equipment
Contingent consideration true up for business combination
Fair value gain on financial liability on acquisition
Finance income
Dividend income
Other non-operating income - Fair value gain on investments
Interest expense
Profit on sale of brand rights
Movement of provision towards litigation
Inventory written off net of Provision/(write back) for Inventory
Bad debts/assets written off net of Provision/(write back)
Transaction cost on acquisition
Mark-to-market (gain)/ loss on derivative financial instruments
Cash Generated from operations before working capital changes
Adjustments for:
(Increase)/decrease in Non-Current Assets
(Increase)/decrease in Current Assets
(Increase)/decrease in Inventories
Increase/(decrease) in Non-Current Liabilities
Increase/(decrease) in Current Liabilities
Cash flows generated from operations
Taxes paid, net of refunds
Net cash flows generated from operating activities - (A)
B CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property, plant and equipment
Sale proceeds of property, plant and equipment
Purchase of intangible assets
Sale proceeds of intangible assets (brand rights)
Investment in subsidiary
Transaction cost on acquisition
Investment in Joint Venture
Contingent consideration paid on business combination
Purchase of current investments
Sale proceeds of current investments
Stump duty on issue of equity share
Loans given to subsidiaries
Loans repaid by subsidiaries
Loans repaid by/ (given) to others
Investment in term deposits (having original maturity of more than 3 months)
Redemption/ maturity of term deposits (having original maturity of more than 3 months)
investment in non current deposits with banks
Redemption in non current deposits with banks
Interest received
Dividend received from subsidiaries
Dividend received from others
Net cash flows used in investing activities - (B)
C CASH FLOWS FROM FINANCING ACTIVITIES:
Dividend paid
divident distribution tax paid
Principal payment of lease liabilities
Interest paid on lease liabilities
Interest paid other than on lease liabilities
Net cash flows used in financing activities - (C)
Net increase in cash and cash equivalents - [(A)+(B)+(C)]
Add: Cash and cash equivalents at the beginning of the year
Add: Cash aquired under business combination
Cash and cash equivalents at the end of the year (refer note 13)
Column2 Column3 Column4 Column5 Column6
2024 2023 2022 2021 2020

13675 13079 11739 10490 9092

1097 1045 1040 1069 938

17 -102 -99 -57 50
- -2 -9 13 -104
-37 - -207 -22 -26
-551 -425 -131 -350 -500
-176 -118 -55 -102 -96
-246 -97 98 -61 -137
285 101 -1 108 106
- -60 -29 -2 2
-159 - 145 -
155 176 -17 195 155
-9 -34 - 74 12
- 2
-8 -8 -1 25 -23
14043 13557 12473 11380 9473

-28 -13 2 1 -16

170 -1099 -257 -395 351
77 -332 -737 -472 -369
144 -115 92 30 59
773 696 111 780 272
15179 12694 11684 11324 9770
-295 -3068 -2720 -2367 -2465
14884 9626 8964 8957 7305

-1309 -1023 -916 -629 -754

20 120 146 97 52
-9 -18 -3 -3422 -11
- 60 29 -
- -264 -300 -60
- -2
- -70
-4 -40 -41 -33 -30
-21198 -22561 -47928 -38450 -34074
19752 23363 47173 37076 35656
-44
-431 -493 -436 -180 -292
381 678 284 126 257
1 -1 -4
-9080 -3627 -3619 -2375 -4979
6313 2425 3582 6139 5646
-1
1
 417 273 171 285 359
173 116 130 101 95
3 2 1 1 1
-4971 -1062 -1732 -1367 1926

-9398 -8459 -7519 -8811 -5196

-1048
-394 -431 -388 -383 -352
-98 -76 -75 -81 -74
-2 -5 -6
-9890 -8966 -7984 -9280 -6676
23 -402 -752 -1690 2555
586 988 1740 3130 575
300
609 586 988 1740 3130
-
ASSETS Column2 2024
2024
ASSETS
Non-current assets
Property, plant and equipment 3 7178
Capital work-in-progress 3 915
Goodwill 4 17316
Other intangible assets 4 27885
Financial assets
Investments in subsidiaries, associates and joint venture 5 981
Investments 6 2
Loans 7 392
Other financial assets 8 714
Non-current tax assets (net) 9D 1118
Deffered tax assets
Other non-current assets 10 279
Total - Non-current assets (A) 56780
Current assets
Inventories 11 3812
Financial assets
Investments 6 4510
Trade receivables 12 2690
Cash and cash equivalents 13 609
Bank balances other than cash and cash equivalents mentioned above 14 6607
Loans 7 37
Other financial assets 8 1416
Other current assets 15 603
Assets held for sale 16 12
Total - Current assets (B) 20296
Total Assets [(A) + (B)] 77076
E&L
Equity
Equity share capital 17 235
Other equity 18A 50738
Total - Equity (A) 50973
Liabilities
Non-current liabilities
Financial liabilities
Lease Liabilities 19 1034
Other financial liabilities 20 430
Provisions 21 1551
Deferred tax liabilities (net) 9C 6454
Non-current tax liabilities (net) 9D 4231
Total - Non-current liabilities (B) 13700
Current liabilities
Financial liabilities
Lease Liabilities 19 340
Trade payables
total outstanding dues of micro enterprises and small enterprises 22 222
total outstanding dues of creditors other than micro enterprises and small enterprises
22 9926
Other financial liabilities 20 797
Other current liabilities 23 789
Provisions 21 329
Total - Current liabilities (C) 12403
Total Equity and Liabilities [(A) + (B) + (C)] 77076
2023 2022 2021 2020
2023 2022 2021 2020
LIQUIDITY RATIO
CURR RATIO
6189 5813 5786 4625 QUICK RATIO
1020 901 623 513 CASH RATIO
17316 17316 17316 36
27900 27905 27925 395
SOLVENCY RATIO
981 610 310 250 DEBT TO EQUITY RATIO
2 2 2 2 DEBT RATIO
339 541 385 453 LIAB TO EQU RATIO
715 720 748 3 INTREST COVERAGE RATIO
1115 1107 1200 1016 FCCR
262
199 175 181 140 EFFICENCY RATIO
55776 55090 54476 7695 INVENTORY TURNOVER

4031 3890 3383 2636

2811 3510 2683 1248 RECIVABLE TURNOVER

2735 1932 1648 1046 PAYABLE TURNOVER
586 988 1740 3130 ASSEST TURNOVER
3836 2630 2581 1887 WORKING CAPITAL TURNOVER
35 34 34
1391 1070 1116 1410
612 580 438 533
12 13 17 18
16049 14647 13640 11908
71825 69737 68116 19602

235 235 235 216

49986 48525 47199 7815
50221 48760 47434 8031

746 686 679 853

495 329 266 1198
1335 1553 1551 416
6325 6141 5986 -
1076 1324 1359
9977 10033 9841 2467

-
293 285 264
 89 56 64
9302 8808 8563 7399
829 823 892 869
735 638 567 418
379 334 491 418
11627 10944 10841 9104
71825 69737 68116 19602
 2024 2023 2022 2021 2020

1.64 1.38 1.34 1.26 1.31

1.33 1.03 0.98 0.95 1.02
0.05 0.05 0.09 0.16 0.34

0.03 0.02 0.02 0.02 0.26

0.02 0.02 0.02 0.02 0.10
0.51 0.43 0.43 0.44 1.44
47.14 142.84 127.97 109.36 103.21

17791.0 19229.0 15869.0 14951.0 NO VALUE OF 2019

3921.5 3960.5 3636.5 3009.5
4.54 4.86 4.36 4.97

0.99 1.17 1.08 1.22

0.78 0.82 0.73 0.68 1.98

7.66 13.37 13.82 16.43 13.83
NOTE 31 FINANCE COSTS 2024
Interest expense on bank overdraft, security deposit and others 0
Net interest on the net defined benefit liability 24
Unwinding of discount on provisions and liabilities 2
Unwinding of discount on employee and ex-employee related liabilities 8
Interest on lease liabilities 98
Interest on taxes and others 170
Total 302
INTEREST 292
2023 2022 2021 2020
0 2 0 0
16 15 13 9
1 3 6 10
8 3 4 6
76 75 81 74
0 0 4 7
101 98 108 106
92