Segment Reporting (` in Crores)

Segment Revenue FY2013 FY2014 FY2015 FY2016

FMCG – Cigarettes 27,136 30,418 31,856 34,063
FMCG – Others 7,028 8,129 9,044 9,739
Hotels 1,126 1,186 1,241 1,343
Agri Business 4,922 5,013 5,566 4,363
Paperboards, Paper and Packaging 2,666 3,194 3,558 3,758
Others 1,042 1,308 1,494 1,408
Segment Revenue Total 43,921 49,247 52,759 54,673

Segment Results (EBIT) FY2013 FY2014 FY2015 FY2016

FMCG – Cigarettes 8,694 10,419 11,637 12,348
FMCG – Others -89 12 31 89
– Restructuring of Lifestyle Retailing Business – – – –
Hotels 149 146 52 62
Agri Business 731 835 904 951
Paperboards, Paper and Packaging 964 892 921 908
Others 136 181 232 127
Segment Total 10,586 12,485 13,778 14,484

Capital Expenditure(CAPEX) FY2013 FY2014 FY2015 FY2016

FMCG - Cigarettes 574.69 1,021.27 613.96 256.05
FMCG - Others 366.40 465.67 718.74 814.71
Hotels 818.85 297.60 984.91 384.18
Agri Business 90.45 84.35 214.42 130.38
Paperboards, Paper and Packaging 690.31 662.90 154.14 349.76
Others 82.91 73.87 93.18 28.16
Segment Total 2,623.61 2,605.66 2,779.35 1,963.24

Segment Assets FY2013 FY2014 FY2015 FY2016

FMCG - Cigarettes 7,241 8,417 8,647 8,531
FMCG - Others 3,278 4,259 4,922 6,238
Hotels 4,310 4,531 5,226 5,470
Agri Business 1,906 2,909 2,879 3,231
Paperboards, Paper and Packaging 5,462 5,857 5,920 6,020
Others 821 930 855 810
Segment Total 23,018 26,903 28,449 30,301

Segment Liabilities FY2013 FY2014 FY2015 FY2016

FMCG - Cigarettes 1,959 2,189 2,301 2,755
FMCG - Others 728 840 871 1,187
Hotels 297 306 370 364
Agri Business 507 732 602 519
Paperboards, Paper and Packaging 509 544 496 510
Others 240 263 223 219
Segment Total 4,240 4,874 4,863 5,554

Depreciation And Amortization FY2013 FY2014 FY2015 FY2016

FMCG - Cigarettes 259 275 275 280
FMCG - Others 129 146 178 208
Hotels 106 128 196 190
Agri Business 33 38 49 52
Paperboards, Paper and Packaging 260 295 232 243
Others 31 39 29 29
Segment Total 819 921 958 1,002
porting (` in Crores)

FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023

35,878 24,848 22,913 23,679 22,557 26,158 31,267
10,524 11,339 12,517 12,844 14,737 15,993 19,109
1,400 1,480 1,728 1,912 660 1,341 2,673
5,314 4,474 6,075 5,913 8,002 12,192 12,362
3,733 3,695 4,230 4,499 4,550 6,204 7,234
1,440 1,525 1,884 2,122 2,329 2,730 3,182
58,288 47,363 49,348 50,969 52,835 64,618 75,827

FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023

13,204 14,128 15,412 15,838 13,498 15,768 18,883
26 170 326 425 838 935 1,386
– – 70 – – – –
117 145 186 154 -564 -185 557
926 841 793 830 918 1,086 1,380
966 1,042 1,239 1,305 1,099 1,700 2,294
103 127 172 291 559 724 535
15,342 16,454 18,199 18,843 16,348 20,028 25,035

FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 SUM

262.35 96.23 171.38 138.91 98.90 151.46 185.07 3,570 13%
1,157.41 835.85 1,324.87 859.85 478.42 339.00 418.77 7,780 28%
472.19 918.64 936.48 857.36 409.54 499.56 588.70 7,168 26%
160.63 92.90 54.10 57.74 58.18 215.26 258.41 1,417 5%
560.63 910.01 258.74 247.86 775.40 896.72 744.56 6,251 23%
10.46 16.25 22.09 142.94 14.84 25.45 809.52 1,320 5%
2,623.67 2,869.88 2,767.66 2,304.66 1,835.28 2,127.45 3,005.03 27,505 100%

FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023

8,574 8,508 8,864 7,484 7,258 7,193 7,913
7,258 7,760 8,225 8,810 11,517 11,546 12,060
5,850 6,565 7,302 7,563 7,544 7,471 7,896
3,256 3,693 4,191 4,334 5,376 5,203 4,837
6,314 6,731 6,961 6,817 7,238 8,482 9,195
772 901 902 1,602 1,629 1,713 3,090
32,022 34,158 36,444 36,609 40,562 41,609 44,992

FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023

2,561 4,756 4,889 4,149 4,624 4,855 5,239
1,412 1,909 2,021 2,123 2,523 2,259 2,338
447 619 637 830 731 807 920
724 808 785 972 1,053 1,724 1,751
 624 787 755 764 1,080 1,326 1,315
210 230 296 376 395 463 1,210
5,977 9,109 9,384 9,214 10,407 11,435 12,774

FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023

305 295 286 312 299 297 304
246 302 384 498 492 534 588
172 175 200 267 271 266 295
50 68 72 74 77 83 70
254 275 326 358 360 411 348
29 26 24 27 32 28 92
1,057 1,140 1,292 1,536 1,531 1,619 1,696
CONTRIBUTION: Segment Revenue FY2013 FY2014 FY2015 FY2016 FY2017
FMCG – Cigarettes 62% 62% 60% 62% 62%
FMCG – Others 16% 17% 17% 18% 18%
Hotels 3% 2% 2% 2% 2%
Agri Business 11% 10% 11% 8% 9%
Paperboards, Paper and Packaging 6% 6% 7% 7% 6%
Others 2% 3% 3% 3% 2%
Segment Total 100% 100% 100% 100% 100%

CONTRIBUTION: Segment Results (EBIT) FY2013 FY2014 FY2015 FY2016 FY2017

FMCG – Cigarettes 82% 83% 84% 85% 86%
FMCG – Others -1% 0% 0% 1% 0%
– Restructuring of Lifestyle Retailing Business #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Hotels 1% 1% 0% 0% 1%
Agri Business 7% 7% 7% 7% 6%
Paperboards, Paper and Packaging 9% 7% 7% 6% 6%
Others 1% 1% 2% 1% 1%
Segment Total 100% 100% 100% 100% 100%

CAPEX CONTRIBUTION: FY2013 FY2014 FY2015 FY2016 FY2017

FMCG - Cigarettes 22% 39% 22% 13% 10%
FMCG - Others 14% 18% 26% 41% 44%
Hotels 31% 11% 35% 20% 18%
Agri Business 3% 3% 8% 7% 6%
Paperboards, Paper and Packaging 26% 25% 6% 18% 21%
Others 3% 3% 3% 1% 0%
Segment Total 100% 100% 100% 100% 100%
FY2018 FY2019 FY2020 FY2021 FY2022 FY2023
52% 46% 46% 43% 40% 41%
24% 25% 25% 28% 25% 25%
3% 4% 4% 1% 2% 4%
9% 12% 12% 15% 19% 16%
8% 9% 9% 9% 10% 10%
3% 4% 4% 4% 4% 4%
100% 100% 100% 100% 100% 100%

FY2018 FY2019 FY2020 FY2021 FY2022 FY2023

86% 85% 84% 83% 79% 75%
1% 2% 2% 5% 5% 6%
#VALUE! 0% #VALUE! #VALUE! #VALUE! #VALUE!
1% 1% 1% -3% -1% 2%
5% 4% 4% 6% 5% 6%
6% 7% 7% 7% 8% 9%
1% 1% 2% 3% 4% 2%
100% 100% 100% 100% 100% 100%

FY2018 FY2019 FY2020 FY2021 FY2022 FY2023

3% 6% 6% 5% 7% 6%
29% 48% 37% 26% 16% 14%
32% 34% 37% 22% 23% 20%
3% 2% 3% 3% 10% 9%
32% 9% 11% 42% 42% 25%
1% 1% 6% 1% 1% 27%
100% 100% 100% 100% 100% 100%
OPERATING PROFIT MARGIN: Segment Results (EBIT) FY2013 FY2014 FY2015 FY2016
FMCG – Cigarettes 32% 34% 37% 36%
FMCG – Others 0% 0% 0% 0%
– Restructuring of Lifestyle Retailing Business 0% 0% 0% 0%
Hotels 1% 0% 0% 0%
Agri Business 3% 3% 3% 3%
Paperboards, Paper and Packaging 4% 3% 3% 3%
Others 1% 1% 1% 0%
Segment Total 39% 41% 43% 43%
FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023
37% 57% 67% 67% 60% 60% 60%
0% 1% 1% 2% 4% 4% 4%
0% 0% 0% 0% 0% 0% 0%
0% 1% 1% 1% -2% -1% 2%
3% 3% 3% 4% 4% 4% 4%
3% 4% 5% 6% 5% 6% 7%
0% 1% 1% 1% 2% 3% 2%
43% 66% 79% 80% 72% 77% 80%