Q1-FY09 Results Update - Temptation Foods

August 1, 2008

Results y-o-y

- Topline and bottomline grew by 1059.5% and 327.1% respectively because of acquisition of Everfresh, KGK and marine business in Q3-FY08.

- Cost of raw materials (as % of sales) increased from 63.2% to 83.6%, on account of higher raw material costs for branded as well as marine business.

- EBITDA margins declined sharply from 20.3% to 7.7%, mainly due to the high revenue share of the low-margin marine business, which TFL entered into in Dec 07. Marine segment has lower margins of 3%, vis-?-vis 10-15% for private labels and branded products.

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