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RELAXO FOOTWEARS LIMITEDInvestor Presentation – May, 2017

Safe HarborThis presentation and the accompanying slides (the “Presentation”), which have been prepared by Relaxo Footwears Limited (the“Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchaseor subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what soever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed informationabout the Company.This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Companymakes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness,fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of theinformation that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expresslyexcluded.Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospectsthat are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performanceand are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include,but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of theindustry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels ofgrowth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’smarket preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance orachievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes noobligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections madeby third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third partystatements and projections.Investor Presentation

Our StrengthsInvestor Presentation

Market LeadersSold 13.5 crore Pairs in FY17Products available for EveryAge Group & Every Price Point 6000 SKU’sProductMarket Share of 5-6%Value for Money Productscatering to entire familyPrice 8 State of ArtManufacturing Plants withWorld Class ConceptsManufacturingDistribution 50,000 Retailers served throughdistributors270 COCO StoresQualityEvery stage of manufacturingprocess monitored withstringent Quality TestsBrand10 Brands with Ambassadors likeSalman Khan, Akshay Kumar,Shahid Kapoor & Shruti HaasanInvestor Presentation

Customer Relevant ProductsMarketResearchRegular Market Sensing Exercises to understand the ConsumerNeeds across different Regional, Economic and Demographic strataProductInnovationIn-house design capability enables continuous Product Innovationaround functionality. Launched innovative portal for employeeengagement to source ideas for new product developmentChurn inPortfolioIn-season launches with Optimal Product Portfolio. 25% - 30% ofthe Portfolio is churned every yearSKUsOver 6,000 SKUs across Product Designs for Various SizesInvestor Presentation

Value for stor Presentation

Committed to QualityQualityControlMonitor every stage of manufacturing process Raw Materials Production Process Packaging Designing Final ProductsQuality ParExcellence ISO 9001:2008 ISO 14001:2004 BIS/SATRA ManufacturingStandards CLE (Council for LeatherExport)CertificationsProductTestingInvestor PresentationProducts are subject to: Random Testing Batch Testing Tactical Wear Testing

Brand SpectrumInvestor Presentation

Brand for all CategoriesBrand OverviewMost Popular Brand of Rubber / Eva slippersTarget ConsumerAll strata of theSocietyBrand AmbassadorSalman KhanAkshay KumarFashionable and Light weight footwearA range of sports and canvas shoes, sandalsand slippersA trendy and fashionable flip-flopsA range of school shoes for boys and girlsFashion consciousconsumersUpwardly mobileyouthContemporarygenerationSchool StudentsInvestor PresentationShahid Kapoor &Shruti Haasan

Pan India FootprintRelaxo Retail Stores (COCO)Jammu & KashmirHaryanaPunjabStateDelhiHimachal PradeshUttarakhandRajasthanUttar PradeshGujaratMaharashtraMadhya PradeshNumber of StoresUttar Pradesh75Delhi59Punjab39Haryana32Himachal Pradesh2Rajasthan21Gujarat14Jammu & Kashmir9Uttarakhand8Maharashtra7Madhya Pradesh3Chandigarh1Total27050,000 Available at COCO StoresRetailers PAN IndiaDistributorsMap not to scale. All data, information and maps are provided “as is” without warranty or any representation of accuracy, timeliness or completeness.Investor Presentation

Closer to Customers270 COCO Stores across IndiaReach over 50,000 RetailersOnline Presence – www.shopatrelaxo.comOnline Shopping WebsitesInvestor Presentation

State-of-Art manufacturing facilitiesRegistered OfficeRohini, DelhiRFL I & II- BahadurgarhRFL III - BhiwadiRFL IV - BahadurgarhRFL V - HaridwarRFL VI - BahadurgarhRFL VII - BahadurgarhRFL VIII - BahadurgarhInvestor Presentation

Awards & AccoladesInvestor Presentation

Awards & AccoladesInvestor Presentation

Background & ObjectivesInvestor Presentation

Evolution1976 : Launched Relaxo Brand1984 : Relaxo Footwears Limited was incorporated1995: IPO to set up a plant in Haryana1995: Started manufacturing Footwear (rubber slippers) for the masses2000: Expanded capacity in Haryana173,98430,566Rs. lacs12,42412777682004-05: Launched ‘Flite’ and ‘Sparx’ Brands2005: 1st COCO store launched2007: Commenced exports2010: Renewable Power Capacity of – 6.00 MW2012-14: Business Transformation Initiatives Signed top-notch celebrities as Brand ambassadors Strengthen SCM, Regional Warehouses (RWH) Launched E-Commerce Platform Increased People engagement New product development & portfolio strategy2016: 250th COCO Store opens2,9391976 1982 1988 1994 2000 2008 2017Investor Presentation

Board of DirectorsRamesh Kumar Dua, Managing DirectorMukand Lal Dua, Whole Time Director Over 41 years of experience in sales and marketing, production and newproduct development in Footwear Industry Director in Relaxo Rubber Private Limited & Marvel Polymers Private Limited Commerce Graduate & Rubber Technologist (LPRI, London) Over 44 years of experience in new product development and quality controlin Footwear Industry Director in Relaxo Rubber Private Limited & Marvel Polymers Private Limited Science GraduateNikhil Dua, Whole Time DirectorDeval Ganguly, Whole Time Director Over 21 years of experience in production and new product developmentand has rich knowledge of product mix in Footwear Industry Commerce graduate and has studied from International School of ModernShoe-making, Czech Republic Over 36 years of experience in areas of manufacturing, project and plantmanagement in various reputed organisations Joined Company in 2011 as President, Manufacturing and was elevated toBoard w.e.f 5.11.2012. He is B.Tech from IIT KanpurPankaj Shrimali, Independent DirectorKuruvila Kuriakose, Independent Director Over 33 years of experience in areas of finance, accounts, secretarial,corporate management, legal & corporate consultancy services, strategicmanagement and investment banking for reputed corporate houses Fellow member of ICAI, ICSI, and Institute of Cost Accountants of India Over 32 years of experience in area of Finance in Footwear Industry B.Sc (Special) in Maths from Kerela University and member of the Institute ofChartered Accountants of IndiaVivek Kumar, Independent DirectorDeepa Verma, Independent Director Over 21 years experience as Operational Head in leading Indian companiesand is also a management consultant to many corporates in the areas ofquality, productivity, environment and safety MBA from Faculty of Management Studies, Delhi University and ElectricalEngineer from the University of Roorkee (now IIT Roorkee) Over 29 years of experience in academic administration. Associated with University of Petroleum & Energy Studies since inceptionand has held various positions such as Director (NCR) region, VP (AcademicAffairs) & presently in charge of Institutional Affairs & HR B.Sc, LL.B, M.A (Psychology), Diploma in Educational Guidance & CounsellingInvestor Presentation

Management TeamMr. Gaurav Dua,Executive VP - MarketingMr. Ritesh Dua,Executive VP - FinanceMr. Nitin Dua,Executive VP - RetailMr. Ashish Srivastava,VP – Human ResourcesMBA having over 15 yearsof experience in Sales &Marketing.MBA having over 16 years ofexperience in Finance, HR &ITMBA having over 13 years ofexperience in RetailBusiness.MBA having over 19 years ofexperience in HR & AdminMr. Vinay Kumar Bajaj,VP - SalesMr. Sushil Batra,Chief Financial OfficerMr. HR Sapra,VP - MaterialsMr. Rahul Dua,Executive - ManufacturingGraduate having over 29years of experience in Sales& MarketingFCA having over 26 years ofexperienceinFinance,Taxation, Fund raising andManagementBE having over 44 years ofexperience in Materials &ProcurementInvestor PresentationGraduate having over 7years of experience inManufacturing.

Corporate ObjectivesTo Explore National andInternational MarketsMaximize Wealth forShareholdersMeet and Exceed CustomerExpectationsCompliance to ISO 9001:2008and ISO 14001:2004Developing Human Resource assetthrough Effective Training &Leadership DevelopmentProduct Innovation throughDesign and Development100% Statutory and LegalComplianceOptimum Utilization ofResourcesInvestor Presentation

Growth PotentialInvestor Presentation

Huge Industry PotentialChange in Consumer Habits1Footwear industry is turning from being a basic need to Fashion,Comfort & Performance oriented industry2Increase in Discretionary SpendDiscretionary spend of Indian households is expected to increase in thenext 4-5 years with urban masses emerging as major consumption driverEmerging Role of Digital3Footwear remains one of the highest purchased category online. Theemergence of Digital economy with concerted drive fromGovernment presents multiple opportunities across the value chainHuge Export Opportunities4India is the second largest global producer of Footwear after China accounting for9% of global production. However, India’s share in global exports is just 2%compared to China’s share of 40% thus presenting room for growth opportunitiesInvestor Presentation

Future ReadyManufacturing Excellence Lean Manufacturing Maynard Operation SequenceTechnique (MOST)Technology & Innovation SAP Compliant & Microsoft DynamicsNavision Product Development & Design Innovation End to End Product Tracking Real-time customer experience feedback Channel ManagementInitiativesSales & Strengthened CDCs & RDCs operationsDistribution Modern Trade and E-Commerce PlatformSupply ChainSales & DistributionSupply Chain Forward looking supply & capacityplanning Optimum Inventory managementCost Optimization Optimizing manpower utilisation, material cost& energy Consumption Rationalization of expensesInvestor Presentation

Financial PerformanceInvestor Presentation

FY17 : Performance HighlightsEBITDARevenue 1.6%PAT* 1.8% EBITDA (%)PAT (%)* 30 bpsRs. in Crores14.0%14.0%6.8%7.1%FY16FY17FY16FY17*PAT excludes exceptional gainsInvestor Presentation

Annual Performance HighlightsRevenue 14.6%EBITDA1,712 01,212147110FY13FY14FY15FY16FY17FY13FY14PATEBIT 23.3%196 28.6%1971031611186685FY13Rs. in CroresFY1545FY14FY15FY16FY17FY13FY14FY15Investor Presentation