Unaudited Consolidated Financial Results ( Provisional ) for the three months ended December 31, 2005   Rs in Crores   Three months ended December 31 Nine months ended December 31 PreviousYear ended March 31, 2005   2005 2004 2005 2004 Income from Operations 811.70 806.14 2307.20 2268.13 3059.13 Income from Investments(Net) 0.32 0.97 21.96 14.15 17.40 Total Income 812.02 807.11 2329.16 2282.28 3076.53 Total Expenditure 670.08 646.07 1865.81 1831.33 2519.39 Profit before Interest and Depreciation 141.94 161.04 463.35 450.95 557.14 Interest (Net) 28.30 29.98 78.69 94.53 122.76 Gross Profit after Interest but before Depreciation and Taxation 113.64 131.06 384.66 356.42 434.38 Depreciation 18.69 19.88 54.82 58.32 77.85 Profit before Tax and Exceptional Items 94.95 111.18 329.84 298.10 356.53 Exceptional Income / (Expenditure)(Net) (12.26) 8.39 9.65 8.79 (42.81) Profit before Tax 82.69 119.57 339.49 306.89 313.72 Provision for Taxation 22.30 30.28 93.28 88.18 93.85 Profit after Tax 60.39 89.29 246.21 218.71 219.87 Share of Profit/(Loss) from Associates 2.10 0.43 9.68 4.72 9.79 Minority Interest 2.41 7.34 8.22 9.99 16.02 Reversal of share of loss of earlier years in respect of an Associate Company divested during the year - - - - 1.83 Group Consolidated Profit 60.08 82.38 247.67 213.44 215.47 Paid up Equity Share Capital (face value of Rs 10 each) 56.22 56.22 56.22 56.22 56.22 EPS before Extraordinary Items (not annualised) - Rs Basic Earning Per Share - Rs 10.69 14.65 44.05 37.97 38.33 Diluted Earning Per Share - Rs 9.94 13.28 41.46 35.59 36.74   Notes:       1. The Consolidated Total Income for the quarter at Rs 812.02 crores was 1% higher than the corresponding quarter of the previous year. The Group Consolidated Net Profit (post exceptional items)at Rs 60.08 crores was lower than the same period previous year due to lower profitability of subsidiary companies in the current quarter. However, for the nine months period ended December 31, 2005, Group Consolidated Net Profit (post exceptional items) at Rs 247.67 crores was 16% higher than the same period of the previous year.   2. Exceptional items during the quarter represents amortization of amounts expended on Employee Separation Scheme in the Holding Company and an Indian subsidiary (Rs 2.09 crores), expenses arising in relation to the sale of the Holding Company's undertaking comprising of certain estates in South India to an Indian Subsidiary (Rs 1.67 crores) and provision for commercial taxes in respect of earlier years (Rs 8.50 crores). Net profit on sale of estates to the Indian Subsidiary has been eliminated.   3. Under Indian GAAP, The Tetley Group's (the Company's 98.58% UK subsidiary) turnover was Rs 532.08 crores for the third quarter of its Financial Year 2005/06 as against Rs 522.24 crores for the corresponding quarter of the preceding year. The Profit before Tax at Rs 43.94 crores and the Profit after Tax at Rs 30.31 crores was however lower compared to the corresponding quarter of the previous year which were Rs 67.46 crores and Rs 49.75 crores, respectively, mainly due to higher spends on promotional activities, non-recurring expenses and foreign currency translation impact.   4. In respect of Rallis India Ltd, an associate company, the previous year's figure for the period ended December 31, 2004 included six months results as the nine month results were not available at the time of publishing the accounts.         5 During the nine-month period, The Tetley Group (the Company's 98.58% UK subsidiary) has changed its accounting policy for pension costs to comply with the requirements of FRS 17which has become mandatory. Consequent to this change an amount of Rs 100.54 crores (£12.9 m), representing an estimate of the scheme deficit under FRS17, has been charged against opening reserves. Exceptional items during the nine months ended December 31, 2005 includes a curtailment gain of Rs 15.24 crores (£ 1.9 mn) consequent to closure of The Tetley GB defined benefit scheme.         6. Previous period's figures have been regrouped, to the extent necessary, to conform to current period's figures. .         7. The aforementioned results were reviewed by the Audit Committee of the Board on January 25, 2006 and subsequently taken on record by the Board of Directors at its meeting held on January 30,2006. .       Mumbai: January 30, 2006 R.K. Krishna Kumar (Vice Chairman)

Segment wise Revenue, Results and Capital Employed, under Clause 41 of the listing agreement for three months ended December 31, 2005

Notes:

1. The definitions of the internal business segmentation and the activities encompassed therein are as follows:
   
   Tea : Cultivation & manufacture of black tea and instant tea,tea buying / blending and sale of tea in bulk or value added form.
   
   Others : Cultivation & production of coffee, other minor crops, trading in commodities etc.
   
   
2. The segment wise revenue, results and capital employed figures relate to the respective amounts directlyidentifiable to each of the segments. Unallocable expenditure includes expenses incurred on common services at the corporate level and relate to the Company as a whole. Unallocable income includes income from investments and exceptional items.