Sale of products increased by 199.95% from % 102.93 million in the three months ended June 30, 2020 to = 308.73
million in three months ended June 30, 2021.

e Revenue from EBOs increased by 190.52% from 2 83.47 million in the three months ended June 30, 2020 to
% 242.50 million in three months ended June 30, 2021.

« Revenue from LFSs increased by from 2 0.89 million in the three months ended June 30, 2020 to 2 41.66
million in three months ended June 30, 2021, primarily due to large format stores not being permitted to
operate during the three months ended June 30, 2020.

e Revenue from other channels, i.e. increased by 27.55% from 2 18.69 million in the three months ended June
30, 2020 to % 25.79 million in three months ended June 30, 2021.

Other operating revenue

Other operating revenue also increased from 2 0.12 million in the three months ended June 30, 2020 to = 1.23
million in three months ended June 30, 2021.

Other income

Other income decreased from = 104.39 million in the three months ended June 30, 2020 to = 92.96 million in the
three months ended June 30, 2021, primarily due to decrease in interest on bank deposits from % 3.95 million in
the three months ended June 30, 2020 to 2 1.90 million in the three months ended June 30, 2021, a decrease in
income from rent concession / early termination of lease agreements from = 95.65 million in the three months
ended June 30, 2020 to % 82.75 million in the three months ended June 30, 2021 on account of our Company
electing to apply the practical expedient of not assessing the rent concessions as a lease modification, as per
Ministry of Corporate Affairs (MCA) notification dated July 24, 2020 on Ind AS 116 for rent concessions, which
are granted due to COVID-19 pandemic; and our Company has also recognised % 8.56 million, as other income
arising out of difference between the closing lease asset and liability value, on account of short closure of lease
agreements.

This was partially offset by an increase in income from security deposits measured at amortised cost by 17.45 %
from = 4.33 million in the three months ended June 30, 2020 to 2 5.09 million in the three months ended June 30,
2021 and an increase in miscellaneous income from 2 0.11 million in the three months ended June 30, 2020 to =
0.35 million in the three months ended June 30, 2021 and gains from investment in mutual funds from 2 0.36
million in the three months ended June 30, 2020 to & 2.87 million in the three months ended June 30, 2021.

Expenses

Total expenses increased by 29.62% from % 452.60 million in the three months ended June 30, 2020 to = 586.66
million in three months ended June 30, 2021 primarily due to an increase in sales in the three months ended June
30, 2021 and increased operations in the three months ended June 30, 2021 compared with the three months ended
June 30, 2020.

Cost of materials consumed

Cost of materials consumed increased significantly from % 12.13 million in the three months ended June 30, 2020
to = 75.76 million in three months ended June 30, 2021 primarily due to an increase in sales in the three months
ended June 30, 2021.

Purchases of stock-in-trade

Purchases of stock-in-trade (garments) increased significantly by 552.29% from = 16.81 million in the three
months ended June 30, 2020 to = 109.65 million in three months ended June 30, 2021 primarily due to increased

garment sourcing during the period.

Changes in inventories of finished goods and work-in-progress
Inventories of finished goods and work-in-progress reflect a net decrease by 535.07% from % 17.08 million in the

three months ended June 30, 2020 to 2 74.31 million in three months ended June 30, 2021 due to increased
sourcing.

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