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In this tutorial, the process of adding a watermark to a PDF using Nitro Pro is explained. The steps involve opening Nitro Pro, selecting the watermark option under page layout banner, and managing watermarks and backgrounds. Users can choose a pre-designed template or create their own profile. The tutorial demonstrates creating a new profile titled "not final" and adding text as a watermark with specific settings including font, size, color, and layout. The importance of underlay for readability of the watermark is also mentioned.