1. The primary business segment of the Company is Foods, comprising Bakery and Dairy products. As the Company operates in a single primary business segment, disclosure under Clause 41 of the listing agreement is not applicable.

2. Previous year´s figures have been regrouped / rearranged wherever necessary.

3. (a) Exceptional items in the standalone financial results, include:

(i) write back of liabilities no longer required - Rs. 20.52 crores, (Previous year: Rs 18.64 crores),
(ii) amount received as consideration for settlement of litigation - Rs. 22.80 crores (Previous year: Nil),
(iii) amortisation of Voluntary Retirement Scheme - Rs. 24.95 crores (Previous year: 13.05 crores),
(iv) provision for doubtful advances to a subsidiary - Rs. 39.00 crores (Previous year: Nil).

(b) Exceptional items in the consolidated financial results, include 3(a) (i) & (ii) above and:

(i) amortisation of Voluntary Retirement Scheme - Rs. 25.31 crores (Previous year: 13.37 crores)

4. The Board of Directors of the Company has declared an interim dividend of Rs 40 per share for the financial year ended March 31, 2009 free of tax in the hands of the shareholders. The record date for determining the entitlement to interim dividend will be June 10, 2009. The Board further considered and decided that no final dividend would be recommended to the shareholders for declaration at the ensuing Annual General Meeting.

5. The above results and this release have been reviewed and recommended by the Audit Committee of the Board and were approved by the Board of Directors on May 27, 2009.

Vinita Bali
Managing Director