DaBuR InDIa lIMIteD Corporate Overview Board & Management Reports Financial Statements

Consolidated Balance Sheet

as at 31 March 2023
(All amounts in ` crores, unless otherwise stated)
Particulars Note 31 March 2023 31 March 2022
ASSETS
Non-current assets
a) Property, plant and equipment 7A 2,237.62 1,967.95
b) Capital work-in-progress 7B 175.13 167.50
c) Investment property 7C 47.05 49.07
d) Goodwill 7D 405.25 251.15
e) Other intangible assets 7E 888.73 39.73
f) Investments in joint venture 8A 7.84 9.47
g) Financial assets
(i) Investments 8B 5,520.95 5,355.59
(ii) Others 9 30.39 23.32
h) Deferred tax assets (net) 26 2.09 0.67
i) Non-current tax assets (net) 10 4.49 4.50
j) Other non-current assets 11 85.87 98.74
Total non-current assets 9,405.41 7,967.69
Current assets
a) Inventories 12 2,024.20 1,911.37
b) Financial assets
(i) Investments 13 736.47 854.56
(ii) Trade receivables 14 848.75 646.15
(iii) Cash and cash equivalents 15 146.82 255.91
(iv) Bank balances other than (iii) above 16 179.10 314.23
(v) Others 17 28.97 36.21
c) Current tax assets (net) 18 6.43 0.64
d) Other current assets 19 278.22 297.47
Total current assets 4,248.96 4,316.54
Assets held for sale 63 - 0.30
Total assets 13,654.37 12,284.53
EQUITY AND LIABILITIES
Equity
a) Equity share capital 20 177.18 176.79
b) Other equity 21 8,796.08 8,204.51
Equity attributable to shareholders of the Holding Company 8,973.26 8,381.30
c) Non-controlling interest 468.17 40.55
Total equity 9,441.43 8,421.85
Liabilities
Non-current liabilities
a) Financial liabilities
(i) Borrowings 22 298.84 250.36
(ii) Lease liabilities 23 144.36 139.58
(iii) Other financial liabilities 24 4.95 4.25
b) Provisions 25 64.37 63.68
c) Deferred tax liabilities (net) 26 90.99 82.27
Total non-current liabilities 603.51 540.14
Current liabilities
a) Financial liabilities
(i) Borrowings 27 700.18 617.29
(ii) Lease liabilities 28 30.41 22.87
(iii) Trade payables
Due to micro and small enterprises 29 165.24 147.22
Due to others 29 2,021.37 1,870.73
(iv) Other financial liabilities 30 279.84 251.95
b) Other current liabilities 31 66.70 91.42
c) Provisions 32 214.01 186.00
d) Current tax liabilities (net) 33 131.68 135.06
Total current liabilities 3,609.43 3,322.54
Total liabilities 4,212.94 3,862.68
Total equity and liabilities 13,654.37 12,284.53
Summary of significant accounting policies 6
The accompanying notes are an integral part of these Consolidated financial statements
This is the Consolidated Balance Sheet referred to in our report of even date.
For G Basu & Co For and on behalf of the Board of Directors
Chartered Accountants
Firm’s Registration No: 301174E
Subroto Lahiri Mohit Burman Mohit Malhotra P.D. Narang
Partner Chairman Whole Time Director Whole Time Director
Membership No.:051717 DIN: 00021963 DIN: 08346826 DIN: 00021581

Ashok Kumar Jain Ankush Jain

Place : New Delhi EVP (Finance) and Company Secretary Chief Financial Officer
Date : 04 May 2023 M. No.: FCS 4311

352 Integrated annual report 2022-23

Corporate Overview Board & Management Reports Financial Statements

Consolidated Statement of Profit and Loss

for the year ended 31 March 2023
(All amounts in ` crores, unless otherwise stated)
Particulars Note 31 March 2023 31 March 2022
Income
Revenue from operations 34 11,529.89 10,888.68
Other income 35 445.39 393.16
Total income 11,975.28 11,281.84
Expenses
Cost of materials consumed 36 5,306.97 4,766.12
Purchases of stock-in-trade 1,052.49 882.12
Changes in inventories of finished goods, stock-in-trade and work-in-progress 37 (90.79) (8.55)
Employee benefits expense 38 1,137.00 1,079.95
Finance costs 39 78.24 38.60
Depreciation and amortisation expense 40 310.96 252.89
Other expenses
Advertisement and publicity 640.27 777.94
Others 41 1,319.83 1,137.29
Total expenses 9,754.97 8,926.36
Profit before share of loss from joint venture, exceptional items and tax 2,220.31 2,355.48
Share of loss of joint venture 55 (1.63) (1.80)
Profit before exceptional items and tax 2,218.68 2,353.68
Exceptional items 42 - (85.00)
Profit before tax 2,218.68 2,268.68
Tax expense 43
Current tax 481.63 442.17
Deferred tax 35.72 84.21
Total tax expense 517.35 526.38
Net profit for the year 1,701.33 1,742.30
Other comprehensive income 44
A (i) Items that will not be reclassified to profit or loss (2.21) 15.27
(ii) Income tax relating to items that will not be reclassified to profit or loss 0.77 (7.55)
B (i) Items that will be reclassified to profit or loss (247.93) (106.97)
(ii) Income tax relating to items that will be reclassified to profit or loss 23.98 10.83
Total other comprehensive income (225.39) (88.42)
Total comprehensive income for the year 1,475.94 1,653.88
Net profit attributable to:
Owners of the Holding Company 1,707.15 1,739.22
Non-controlling interest (5.82) 3.08
Other comprehensive income attributable to:
Owners of the Holding Company (225.49) (89.20)
Non-controlling interest 0.10 0.78
Total comprehensive income attributable to:
Owners of the Holding Company 1,481.66 1,650.02
Non-controlling interest (5.72) 3.86
Earnings per equity share
Basic ` 45 9.64 9.84
Diluted ` 9.61 9.81
Summary of significant accounting policies 6
The accompanying notes are an integral part of these consolidated financial statements
This is the Consolidated Statement of Profit and Loss referred to in our report of even date.
For G Basu & Co For and on behalf of the Board of Directors
Chartered Accountants
Firm’s Registration No: 301174E
Subroto Lahiri Mohit Burman Mohit Malhotra P.D. Narang
Partner Chairman Whole Time Director Whole Time Director
Membership No.:051717 DIN: 00021963 DIN: 08346826 DIN: 00021581

Ashok Kumar Jain Ankush Jain

Place : New Delhi EVP (Finance) and Company Secretary Chief Financial Officer
Date : 04 May 2023 M. No.: FCS 4311

Integrated annual report 2022-23 353

DaBuR InDIa lIMIteD Corporate Overview Board & Management Reports Financial Statements

Consolidated Cash Flow Statement

for the year ended 31 March 2023
(All amounts in ` crores, unless otherwise stated)
Particulars 31 March 2023 31 March 2022
A CASH FLOW FROM OPERATING ACTIVITIES
Profit before tax 2,218.68 2,268.68
Adjustments for:
Depreciation and amortisation expense 310.96 252.89
(Gain)/loss on disposal of property, plant and equipment (net) (14.41) 0.62
Share based payment expense 51.23 40.02
Provision for disputed liability 12.00 11.50
Expected credit loss/(gain) of financial and non-financial assets 0.71 (7.15)
Provisions for employee benefits 16.69 2.30
Finance costs 78.24 38.60
Unrealised foreign exchange gain (net) (4.28) (6.25)
Interest income (361.13) (323.34)
Share of loss of joint venture 1.63 1.80
Loss/(gain) on fair valuation of financial instruments (net) 1.26 (1.29)
Net gain on sale of financial assets measured at FVTPL (23.65) (11.15)
Net gain on sale of financial assets measured at FVTOCI - (5.02)
Effect of exchange rates on translation of operating cashflows (144.98) (60.50)
Exceptional items (refer note 42) - 85.00
Operating profit before working capital changes and other adjustments 2,142.95 2,286.71
Working capital changes and other adjustments:
Inventories (96.02) (177.10)
Trade receivables (190.79) (78.37)
Current and non-current financial assets 19.32 (18.49)
Other current and non-current assets 17.39 88.48
Trade payables 141.30 108.01
Other current and non-current financial liabilities 43.11 47.71
Other current liabilities and provisions (94.38) (67.02)
Cash flow from operating activities post working capital changes 1,982.88 2,189.93
Direct taxes paid (net of refund) (494.45) (387.60)
Net cash flow from operating activities (A) 1,488.43 1,802.33
B CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of property, plant and equipment, capital work-in-progress, and intangible (509.09) (374.13)
assets
Proceeds from disposal of property, plant and equipment 23.38 4.93
Purchase of Investment in a Subsidiary (481.32) -

354 Integrated annual report 2022-23

Corporate Overview Board & Management Reports Financial Statements

Particulars 31 March 2023 31 March 2022

Purchases of investments / bank deposits (4,177.43) (7,506.66)
Proceeds from sale/redemption of investments / bank deposits 4,163.73 6,233.61
Interest received 394.19 366.80
Net cash used in investing activities (B) (586.54) (1,275.45)
C CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issue of equity share capital 0.39 0.05
(Repayments)/proceeds of non-current borrowing (including current maturities) (1.26) 248.95
Proceeds from current borrowings (net) 50.04 291.85
Principal payment of lease liabilities (25.47) (25.61)
Interest payment of lease liabilities (10.63) (11.56)
Purchase of non controlling interest (49.10) -
Dividend paid (921.31) (972.32)
Finance costs paid (77.90) (21.85)
Net cash used in financing activities (C) (1,035.24) (490.49)

Increase in cash and cash equivalents (A+B+C) (133.35) 36.39

Cash and cash equivalents at the beginning of the year 227.17 188.78
Cash and cash equivalents acquired in a business combination (refer note 66) 1.41
Impact of changes in exchange rates 2.34 2.00
Cash and cash equivalents at the end of the year 97.57 227.17
Note:
Cash and cash equivalent (as per note 15 to the financial statements) 146.82 255.91
Balances with banks in cash credit accounts (refer note 27) (49.25) (25.50)
Balances with banks in over draft accounts (refer note 27) - (3.24)
Cash and cash equivalent as per Consolidated Cash Flow Statement 97.57 227.17

Note: The above Consolidated Statement of Cash Flows has been prepared under the ‘Indirect Method’ as set out in Ind AS 7 ‘Statement of Cash
Flows’.
The accompanying notes are an integral part of these consolidated financial statements
This is the Consolidated Cash Flow Statement referred to in our report of even date.
For G Basu & Co For and on behalf of the Board of Directors
Chartered Accountants
Firm’s Registration No: 301174E
Subroto Lahiri Mohit Burman Mohit Malhotra P.D. Narang
Partner Chairman Whole Time Director Whole Time Director
Membership No.:051717 DIN: 00021963 DIN: 08346826 DIN: 00021581

Ashok Kumar Jain Ankush Jain

Place : New Delhi EVP (Finance) and Company Secretary Chief Financial Officer
Date : 04 May 2023 M. No.: FCS 4311

Integrated annual report 2022-23 355