Godfrey Phillips India Limited has signed a product supply agreement with Ferrero India Private Limited. Product Supply Agreement for distribution/re-sale of some of the sweet-packaged food products (Products) manufactured by Ferrero, through select channels. The Company shall purchase the Products and distribute/re-sell it through select channels.

The Company shall purchase the Products from Ferrero and then distribute/re-sell the same using its distribution set-up through select channels. The initial term of the Agreement is for 2 (two) years and is subject to customary terms and conditions including warranties and indemnities as set out in the Agreement. Ferrero is part of the Ferrero Group from Italy which is one of the world's large sweet-packaged food companies, with over 35 brands sold in more than 170 countries with an annual consolidated turnover of over EUR 17 billion.

Ferrero commenced its commercial operations in India in the year 2004 and is a production hub for Ferrero Group in Asia and Middle East. The Agreement will enable the Company to leverage its distribution set-up to distribute/re-sell the Products of Ferrero and thereby add to its top- line and bottom-line.