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Our
Business Model

Inputs	Business Process	Outputs
Financial Capital Equity, profits re-invested, investments in assets, brands Manufactured Capital Dispersed manufacturing clusters Global and local R&D centres Agile manufacturing through smart automation and Internet of Things (IoT) Intellectual Capital Strong legacy of the Godrej Group Strong portfolio of brands Investment in R&D Integrated Research & Development + Innovation + Design + Expertise (RIDE) platform to develop innovative products Unique consumer insights though advanced predictive analytics Digital command centre Human Capital Skilled manpower across functions Investment in training and development Prioritising safety Fostering diversity and inclusion Social and Relationship Capital Consumer engagement models Partnerships with suppliers, retailers, distributors, and wholesalers Investment in CSR and community engagement initiatives Natural Capital Sourcing and investment in renewable and non-renewable raw materials for our products Investments in green initiatives	Purpose VALUES Trust Own It Be Bold Be Humble Create Delight Show Respect VISION To be the leading emerging markets focused multi-local FMCG player STRATEGY 3 by 3 approach Multi-local approach 7 Strategic Pillars Extending leadership in our core categories and geographies Accelerating innovation and building purposeful brands Leveraging digital Enhancing go-to-market Making our supply chain best-in-class Fostering an inclusive, agile, and high-performance culture Building a more inclusive and greener world	Financial Capital Consolidated revenue increased by 11% Consolidated net reported profit increased by 4% Consolidated net profit before tax (pre-exceptions) increased by 2% Manufactured Capital Saved over ₹3 crore through sustainable manufacturing Stock availability in India is 96.84% Intellectual Capital HIT Anti-mosquito Racquet, our e-commerce only launch, garnered an 80% market share online and has scaled to USD 5 million in top line sales across online and offline platforms E-commerce in Indonesia has grown by 25%, post COVID-19 Darling reached over 27 million women across Africa through various digital campaigns E-commerce business in the USA has become nearly 4% of the overall USA business Human Capital 26.3% of white collar and 51.8% of blue collar team members are women 27% women in senior leadership roles (Vice President and above) Great Place to Work® Institute’s (India) Best Workplaces in Manufacturing (2022) Won the 2022 Indonesian Best Employer Brand Award for the third consecutive year Social and Relationship Capital Awarded the ESG India Leadership Award 2021 for Leadership in Governance Issues by ESG Risk Assessments & Insights Ranked number #1 in CSR Journal’s annual ranking of companies for CSR and Sustainability Ranked as India’s top Company for Sustainability and CSR 2021 by Futurescape Supported the public healthcare system in India with medical equipment worth ₹2.5 crore Helped 105,000 people from low-income and underserved communities in India get vaccinated We welcomed 750 new women to our Beautypreneur cohort, and expanded our work with barbers and have trained and supported over 130 young men Rural malaria programmes reached out to 132,759 households in 778 villages in 7 districts across MP, UP, and Chattisgarh Urban dengue programme reached out to 71,199 households in 406 urban settlements and 4 cities in UP and MP Natural Capital Specific waste to landfill reduced by 100% Specific GHG emissions reduced by 42% We are conserving 3x more water than we use via rainwater harvesting and watershed programmes LCAs carried out for products covering 50% of our revenue

Outcomes
Leadership positions (market share) across geographies, category penetration, and consumption rate Exponential growth in our e-commerce business Enhanced long-term value for all stakeholders, including shareholders, customers, consumers, suppliers, distributors, retailers, and the community Reduced waste to landfill, GHG emissions, and water consumption

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Risks and Opportunities