Marico Limited — Capital/Financing Update 2019

Jul 3, 2019

July 3, 2019

The Secretary, Listing Department, BSE Limited, 1st Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001 Scrip Code: 531642

The Manager, Listing Department, National Stock Exchange of India Limited, Exchange Plaza, C-1 Block G, Bandra Kurla Complex, Bandra (East), Mumbai - 400051 Scrip Symbol: MARICO

Sub.: Quarterly Update - Q1 FY 2019-20

Dear Sir/Madam,

Please find enclosed an update on the operating performance and demand trends witnessed in the quarter ended June 30, 2019. The same will also be made available on the website of the Company shortly,

This will be followed by a detailed Information Update once the Board approves the financial results for Q1 FY 2019-20.

Thank you.

Yours faithfully, For Marico Limited

Renu Desai Assistant Company Secretary

Encl.: As above

Marico Limited Regd Office: 7th Floor Grande Palladium 175, CST Road, Kalina Santacruz (E) Mumba: 400 098, India Tel: (91-22) 6648 0480 Fax: (91-22) 2650 0159

www.manco.com

Quarterly Updat Ql FVZO

This update seeks ta praviae arr averall summary 7f the operating performance and demand trends witnessed in the quarter ended 30'"jun22019.This will hefallawea by a detailed ln/armatiarr update arise the Board approves thefinancial results for £21 szo.

The quarter was characterised by moderation 'n the overall demand environment, which also reflected in the consumer sentiment indicators for the period. With sluggishness in wholesale persisting rural stayed ahead of urban in the traditional channel. Modern Trade and ErCommerce continued to headline growth, while csD had a normal quarter. The progress of the monsoons after a late onset. recovery in liquidity conditions and atecution of the various government schemes announced will he keenly watched forsigns of a revival in consumption trends.

parachute Rigidr hegan on a very strong footing However, the nonafocused coconut oil portfolio declined in a falling input costenvironment. ValueAdded Hair Oil: also exhihited strength, hutfell a hit short of the medium term target. sallola Edihle Oil: had a slow start vis a vis our expectations hut is expected to pick up some pace in subsequent quarters on the hack of marketing initiatives rolled out during the quarter. Healthy Food: and Premium Hair Nourirhment grew healthily, while Male Grooming had a muted quarter.

Bangladerh and Vietnam led the growth in the international husiness, while other markee stayed afloat

Lower input costs should translate into improved profitahility during the quarter, despite steppedrup investments towards hrand huilding.

Keeping up the momenmm of innovation in Healthy Foods, the Company launched Saffolu Perfect Muslim, comprising a range of 37minute readyatoacook mixes of traditional lndian hreakfase such as idli, dosa, upma (semolina) and poha (rice flakes), with a perfect halance of traditional spices fortified with 5 essential nutrients.

The Company will continue to drive sustained profitahle volumerled growth over the medium term, through its focus on strengthening the franchise in the core categories and driving the new engines of growth towards gainingcritical mass.

About Marico:

Marico (BSE: 531642, NSE: "MARICO") is one of India's leading consumer products companies in the global beauty and wellness space. During 2018-19, Marico recorded a turnover of INR 73 billion (USD 1.05 billion) through its products sold in India and chosen markets in Asia and Africa.

Marico touches the lives of 1 out of every 3 Indians, through its portfolio of brands such as Parachute, Parachute Advansed, Saffola, Saffola FITTIFY Gourmet, Coco Soul, Hair & Care, Nihar Naturals, Livon, Set Wet, Set Wet Studio X, True Roots, Kaya Youth 02, Mediker and Revive. The International business contributes to about 22% of the Group's revenue, with brands like Parachute, Parachute Advansed, HairCode, Fiancée, Caivil, Hercules, Black Chic, Code 10, Ingwe, X-Men, Thuan Phat, Sedure and Isoplus.

Marico's focus on delivering sustainable business and earnings growth has so far resulted in a healthy shareholder return of 25% CAGR since listing in 1996.

Marico Limited Reg Office: 7th floor, Grande Palladium, 175, CST Road, Kalina, Santacruz (East), Mumbai - 400 098 Tel: (91-22) 6648 0480 Fax: (91-22) 2650 0159 Website: www.marico.com E-mail: investor@marico.com CIN: L15140MH1988PLC049208

Websites:

www.marico.com, www.maricobd.com, www.maricoinnovationfoundation.org, www.parachuteadvansed.com, www.niharnaturals.com , www.saffo|a.in , www.saffolafittify.com , www.saffolalife.com, www.cocosoul.in, www.setwet.com, www.livonhairgain.com, www.livonilovemyhair.com, www.hairsutras.com, www.fitfoodie.in, www.indiaparenting.com/biooilz, www.getslimtherightway.com, www.truerootslab.com , www.pblskin.com