Dabur

DABUR INDIA LIMITED

Motilal Oswal 6th Annual Global Investor Conference 2010,

Mumbai

August 2010

1

1

ECONOMY OVERVIEW

India Real GDP Y-o-Y Growth (%)

India Per Capita Income (USD)

3231

0.12

8.5%

0.1

0.08

0.06

4.4%

5.8%

9.4%

9.7%

7.5%

9.2%

6.7%

7.2%

3.8%

0.04

1017

0.02

0

FY01

FY02

FY03

FY04

FY05

FY06

FY07

Source : RBI & CSO estimates for FY10

FY08

FY09

FY10

FY2009

2020

Source : World Bank, Edelweiss Research



The Indian economy has been on a strong growth trajectory with real GDP growing

at a CAGR of 7.5% over the last decade



High rate of Gross Capital Formation of 35% and Gross Domestic Savings of 32.5%

in 2009 expected to drive GDP growth of around 8-9% going forward.



Per capita income in India is slated to treble in the next 10 years

2

2

INDIA CONSUMPTION STORY

Aggregate Consumption across Income Brackets

in trillion, Indian Rupees, 2000

70

4x

34

Middle

Class

17

7

10

Middle Class

Source : Mckinsey Global Institute Analysis

By 2025, India is poised to become the world's fifth largest consuming country

from current position of twelfth

Note:

Annual Income (in Indian Rupees, 2000): Globals >1,000,000; Strivers =500,000-1,000,000;

Seekers=200,000-499,999; Aspirers=90,000-199,999; Deprived=<90,000

3

3

FMCG INDUSTRY IN INDIA





FMCG industry size at US$25

billion in CY09

in Rs. billion

Y-o-Y growth of 13.4%

Source : AC Nielsen

FMCG Growth : Urban & Rural

25%

20%

20%

16%

13%

15%

9%

10%

10%

5%

FMCG Industry Size (India)

3%

-1%

12%

18%

14%

18%

11%

1%



Rural economy with government

stimulus and rising non farm

incomes has outpaced Urban

growth

0%

-5%

-10%

CY03

-8%

CY04

CY05

Urban

CY06

CY07

CY08

CY09

Rural

4

4

FMCG INDUSTRY DRIVERS



Increasing consumption and

penetration levels driving growth



Demographic factors:



Rising income levels



Expanding middle class



Young population

India – Transforming from a pyramid to a diamond

2003

181 mn households

3

2013

231 mn...