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INDUSTRY DETAILS

SKNL is one of Indias leading textile and apparel company with expertise in multi-fiber manufacturing. The company has extended its presence in multiple product categories from Fabrics to Apparels and Home Textiles. From a turnover of Rs.5 million in 1948, today, the group has come a long way in achieving a turnover of Rs. 17 billion. SKNL has set standards of excellence, acquiring many "firsts" to its credit and crossing a number of "milestones" in its journey. As a company that caters to the entire spectrum of the socio-economic segment in the Indian market, SKNL takes upon itself the unique distinction of being the Clothiers To The Nation Today The World Tomorrow'. SKNL's mission is to make the vision a reality

MANAGEMENT The Company has developed progressive management capabilities due to a unique fusion of entrepreneurship with professional expertise. This combination ensures that dynamism is blended with realism and that adequate control mechanisms are in place. Each SBU is headed by an Executive Director, CEO or COO. The corporate finance, corporate planning, research, publicity, marketing services, HRD and legal functions are centralized at the corporate level. High Management caliber and an organized set up ensure a smooth and meaningful enterprise with ample opportunity for future planning and growth. SKNL businesses are divided product wise into major Strategic Business Units viz, Consumer Textiles, Home Textiles, Worsted Suitings, Ready to Wear and High Value Fine Cotton (HVFC).

FOUR PILLARS OF REID & TAYLOR

SKNL's success is based on its four pillars of strength - Manufacturing, Distribution, Brands and Human Capital. These four pillars have made the company stand apart and succeed in a highly competitive market scenario. MANUFACTURING DISTRIBUTION BRANDS HUMAN CAPITAL

MANUFACTURING Maintaining world-class quality has been a corner stone in SKNL's business strategy. The company has invested extensively in manufacturing facilities to maintain high quality standards. Four state of art manufacturing units based in Mysore (Karnataka) and Dewas (Madhya Pradesh) collectively produce over 2,00,000 meters of high-quality fabrics each day. The manufacturing capability gives SKNL a clear edge in the market place - stringent quality measures and competent management systems ensure that the finest product reaches the consumers, consistently. Luxury Textile fabrics are manufactured at a world-class integrated facility situated near Mysore (Karnataka). Its high quality fabrics are well received in the domestic as well as international market. In fact, Reid & Taylor - Scotland, sources its fabrics from this mill as well for its international markets.

SKNL is the only manufacturer of fine count Damask in India. Its Chamunda Standard Mills and Amana Manufacturing Unit in the outskirts of Dewas (Madhya Pradesh) manufactures this fine fabric to cater to Indian & European markets. The company is constantly modernizing and upgrading its existing facilities for Consumer Textiles and Home Textiles. Plans on the anvil are to add new capacity to manufacture Worsted Suitings and Home Textiles. Two new plants at Bharuch, Gujarat for Cotton have been recently established. SKNL plans to introduce yet another facility, of the Ready-to-Wear SBU, near Bangalore to cater to the international market.

BRANDS

Ability to build brands, across the socio-economic segments has been one of the key factors in SKNL's success. A keen understanding of the dynamic market trends, while keeping abreast with the changing usage patterns, attitudes and preferences of the consumers has been the foundation of creating successful brands. Reid & Taylor caters to the premium and upper-middle strata of the Indian suiting market. Since its national launch in 1999, the brand has accelerated to the second position in a highly competitive market. The brand's growth has been hailed by marketing professionals and is a case study for launching international brands in India. No surprise that Superbrands Council, the worlds leading authority on marketing and advertising; has awarded it a Superbrand status, second time running. Belmonte offers a wide range of polyester and viscose blend fabrics for office, leisure and evening wear catering to the mid-premium consumer. It is available across top 100 cities in India.

Uniformity by Belmonte is the sub-brand which offers a wide range of uniform fabrics for professional work-wear across industries. S.Kumars is the manufacturer of blended fabrics for work-wear & daily wear. With strong brand equity and unique strengths, the brand has evolved to include fashionable blended suitings in line with work wear & daily wear for the common man of today. Carmichael House is a new entrant in the Home Textile category. This mass premium brand offers a wide range of home textile solutions for the entire abode in a variety of fabrics and weaves. Since its launch, Carmichael House, has received fast recognition among its consumers.

HUMAN CAPITAL SKNL has developed highly effective management capabilities due to a unique fusion of entrepreneurship with professional expertise. The Board of Directors includes eminent people from industry, law, banking, finance and economic sectors. The business at SKNL is divided into product-wise Strategic Business Units viz, Consumer Textiles (work wear, mid premium and daily wear), Home Textiles (THE), Premium cotton fabric (HVFC) and Ready to Wear (Total Wardrobe Solutions),Luxury Textiles. Each SBU operates as an independent profit center and is lead by a seasoned professional. Service functions like Human Resources, Corporate Finance, Corporate Planning, Research, Marketing & Communications and Legal are centralized.

EVENTS

Reid and Taylor proudly present the fe Best Bank Awards, 2009 Reid and Taylor; the luxury menswear brand and the name synonymous with styling

the world's elite for over 170 years, has always associated with the best.

In what has come to be known as the finest forum for bankers, The Financial Express in association with Reid & Taylor, hosted the annual fe India s Best Banks Awards on July 25, 2009. The awards were conferred at a glittering ceremony, at The Crystal Ballroom, The Taj Mahal Palace & Towers, Mumbai and presided over by The Honble Union Minister of Finance, Mr. Pranab Mukherjee. Leaders of India s financial sector including heads of banks, industry stalwarts and luminaries graced the occasion. The brand takes pride in being associated with the best in the banking industry for years. Launched in February of 1997, fe INDIAS BEST BANKS Awards annually fetes banks that have delivered exemplary performance on various parameters including growth, profitability, credit quality and strength over the past fiscal year. Reid & Taylor Indian Open Polo Championship - 2008 3rd-7th December 2008 Jaipur Polo Ground, New Delhi

SKNL presents Harmony Silver Awards, 2009 Ageing doesn't mean slowing down and to celebrate this fact, SKNL joint hands with Harmony for Silvers Foundation that honoured 10 Silver achievers for their irresistible momentum towards society in October 2009. The jury comprised S Sridhar, chairman and managing director, Central Bank of India, artist Manu Parekh, Vir Sanghvi, editorial director of Hindustan Times, eminent jurist Fali Nariman, renowned cardiac surgeon Dr Devi Shetty, and awardwinning actors Sharmila Tagore and Anupam Kher. They chose 10 heroes for 2009

men and women from across India who continue to set benchmarks for themselves, and society. The thread that binds them together is their commitment to their chosen cause and determination to surmount every obstacle. This years winners included Dr Alan Davis Alappat from Mumbai, Maharashtra For administering vaccines to children free of cost , Mukesh Anand from Gurgaon, Haryana - For giving rickshaw pullers another source of income, Meenakshi Balasubramanian from Mumbai, Maharashtra For helping the differently abled to stand on their own feet, Dr Ganesh Narayandas Devy from Tejgarh, Gujarat-For initiating the Green Economic Zone (GEZ) as a challenge to the SEZ , Asa Dutta from Guwahati, Assam For empowering women in the slums, Dr Sister Jude from Mau, Uttar Pradesh For bringing hope and health to poor women in Mau, Pradeep Kshetrapal from Korba , Chhatisgarh For helping disabled people in rural Korba, Anupam Mishra from New Delhi For making thousands aware of the need for water conservation, Sinhutai Sapakal from Hadapsar, Maharashtra For caring for 1000 orphans and Bhausaheb Santuji Thorat from Sangamner, Maharashtra For a campaign that turned a drought stricken region into a lush forest. Prominent personalities such as Jaya Bachchan, Hema Malini, Anu Malik, Tina Ambani, Kokilaben Ambani graced the event , which included distribution of the awards and an entertainment programme.

SKNL: Q2 FY2010-11 Financial Results Highlights

Net Sales up 26.5 % to Rs. 1203.40 crores EBIDTA at Rs. 242.08 crores, a 32.1 % increase Mumbai, 29 October 2010: SKNL, a leading brand-led conglomerate involved in

design, manufacturing, marketing and distribution of high quality fabrics and ready-to-wear garments, has announced its results for the second quarter and half year ended 30 September, 2010. Financial performance update: (All figures are consolidated unless stated otherwise) Q2 FY2010-11 Financial results highlights: _ Net sales from operations up 26.5% to Rs. 1203.40 crores from Rs. 951.41 crores _ EBIDTA improves 32.1% to Rs. 242.08 crores. from Rs. 183.25 crores. _ Net profit (before minority interest) up 12.4 % to Rs. 77.85 crores compared to Rs. 69.25 crores _ PAT after minority interest at Rs. 63.87 crores _ Fully diluted EPS after minority interest (not annualized) at Rs. 2.52 H1 FY2010-11 Financial results highlights: _ Net sales from operations up 43.3% to Rs. 2378.32 crores from Rs. 1659.53 crores _ EBIDTA improves 35.5 % to Rs. 467.59 crores from Rs. 345.17 crores _ Net profit (before minority interest) up 18.4 % to Rs. 155.04 crores compared to Rs. 130.99 crores _ PAT after minority interest at Rs. 126.58 crores _ Fully diluted EPS after minority interest (not annualized) at Rs. 5.04 SKNL has delivered an enhanced performance in Q2 FY2010-11. The Company has demonstrated an ability to deliver improving and sustained performances through variable and often challenging environments demonstrating the strength and diversity of its business model. Now that the macro economic scenario has turned, the Company is well placed to grow manifold driven by its brand, design, manufacturing, marketing and distribution led activities. Domestically, the Company has a strong set of brands catering to nearly all socioeconomic

segments in the branded garment and fabric space. With the acquisition of assets of HMX, the largest mens tailored Company in America, SKNL now has access to a whole array of leading international brands including Hickey Freeman, Bobby Jones, Hart Schaffner Marx, Exclusively Misook, Austin Reed amongst others. For the rest of this year, SKNL expects to progressively improve its performance led by increased festive season sales, higher consumer confidence and efficient cost management. Q2 / H1 FY2010 Press Release www.sknl.co.in 2 (SKNL results that are being reviewed are consolidated with Reid and Taylor India Limited (RTIL), Leggiuno SpA along with holding Companies and HMX LLC and Coppley Inc. and SKNL-UK) In the quarter under review, SKNLs net sales grew 26.5% to Rs 1203.40 crores from Rs. 951.41 crores. This growth in sales was driven mainly by volume enhancement across product offerings. EBIDTA for the quarter stood at Rs. 242.08 crores compared to Rs. 183.25 crores, an increase of 32.1%. Margins for the quarter under review stood approximately at 20.0 %. In Q2 FY2010-11, PBT increased to Rs. 115.62 crores versus Rs. 100.15 crores in the corresponding period last year. Net profit after minority interest for the period under review stood at Rs. 63.87 crores compared to Rs.58.43 crores. Commenting on the performance in Q2 FY2010-11 Mr. Nitin S. Kasliwal, Managing director and Vice Chairman of SKNL said, Were pleased to report another encouraging quarter, with revenues up 26.5 % and profits up 9.3% (PAT after minority interest). All our SBUs delivered healthy

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operating and financial performance. Belmonte in the Consumer Textiles segment and Reid & Taylor in the Luxury Textiles segment remained key contributors to the overall performance for the current quarter. Our international operations have also started contributing substantially to our toplines. SKNLs US subsidiary HMX enables tremendous backend-frontend synergies within the group. Given the quality and diversity of its brand portfolio, HMX is an extremely exciting business venture. Apart from giving SKNL an immediate presence in the vast US markets, some of our SBUs are extremely well placed to cater to their needs, both in fabrics as well as in garments. The worldwide license for DKNY menswear is also unfolding an excellent business opportunity and puts SKNL in the forefront of the mens global apparel business. A back-end, front-end synergy model, well-diversified and strong brand portfolio catering to diverse customer segments across the globe, expansive marketing & distribution network and state-of-the-art manufacturing are purposeful strides in line with our vision of clothiers to the nation today.the world tomorrow. These solid building blocks give us the confidence to continue delivering sustainable growth going forward. Q2 / H1 FY2010 Press Release www.sknl.co.in 3 Financial overview: (All Rupee figures in crores unless stated otherwise) (All figures are consolidated unless stated otherwise) Particulars Q2 FY201011 Q2 FY200910 Change

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(%) H1 FY201011 H1 FY200910 Change (%) Net sales 1203.40 951.41 26.5 2378.32 1659.53 43.3% EBIDTA 242.08 183.25 32.1 467.59 345.17 35.5% Margins 20.0% 19.2% 19.5% 20.7% PBT 115.62 100.15 15.4% 232.58 193.04 20.5% Margins 9.5% 10.5% 9.7% 11.6% PAT 77.85 69.25 12.4% 155.04 130.99 18.4% Margins 6.4% 7.3% 6.5% 7.9% PAT After Minority Interest 63.87 58.43 9.3% 126.58 109.63 15.5% Margins 5.3% 6.1% 5.3% 6.6% For further information please contact: Manish Mallick / Priyanka Rawlani SKNL Tel: 9699409869 Email: manish.mallick@sknl.co.in Certain statements in this document may be forward-looking statements. Such forward-looking

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statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. S. Kumars Nationwide Limited (SKNL) will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forwardlooking statements to reflect subsequent events or circumstances.

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