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Deloitte Haskins & Sells LLP Chartered Accountants One International Center Tower 3 , 32nd Floor Senapati Bapat Marg Elphinstone Road ( West ) Mumbai - 400 013 Maharashtra , India Tele : +91 22 6185 4000 Fax : +91 22 6185 4001 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF TATA CONSUMER PRODUCTS LIMITED ( FORMERLY KNOWN AS TATA GLOBAL BEVERAGES LIMITED ) 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Tata Consumer Products Limited ( the " Company " ) for the quarter and six months ended September 30 , 2021 ( the “ Statement ” ) , being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 , as amended . 2. This Statement , which is the responsibility of the Company's Management and approved by the Company's Board of Directors , has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 “ Interim Financial Reporting " ( " Ind AS 34 ″ ) , prescribed under Section 133 of the Companies Act , 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India . Our responsibility is to express a conclusion on the Statement based on our review . 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements ( " SRE " ) 2410 " Review of Interim Financial Information Performed by the Independent Auditor of the Entity " , issued by the Institute of Chartered Accountants of India ( " ICAI " ) . A review of interim financial information consists of making inquiries , primarily of the Company's personnel responsible for financial and accounting matters , and applying analytical and other review procedures . A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143 ( 10 ) of the Companies Act , 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit . Accordingly , we do not express an audit opinion . 4. Based on our review conducted as stated in paragraph 3 above nothing has come to our attention that causes us to believe that the accompanying Statement , prepared in accordance with the recognition and measurement principles laid down in the aforesaid Ind AS 34 and other accounting principles generally accepted in India , has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 , as amended , including the manner in which it is to be disclosed , or that it contains any material misstatement . Place : Mumbai Date : October 22 , 2021 For Deloitte Haskins & Sells LLP Chartered Accountants ( Firm's Registration No. 117366W / W - 100018 ) Scuff Sanjiv V. Pilgaonkar ( Partner ) ( Membership No. 039826 ) ( UDIN : 21039826AAAAGV7683 ) Regd . Office . One International Center , Tower 3 , 32nd Floor , Senapati Bapat Marg , Elphinstone Road ( West ) , Mumbai - 400 013 , Maharashtra , India . ( LLP Identification No. AAB - 8737 )