Net sales for Q4FY17 was flat at `446.6crs. Growth was impacted mainly due to lower realisation in both the segments. Plywood sales reported a de- growth of 3.9% (on a net basis). Volume de-growth in the plywood segment was at 1.9% in Q4. MDF sales increased by 8.4% to `138 crs in Q4FY17. MDF segment reported volume growth of 12.7%. Wallpapers contributed ~`2.5 crs to topline in Q4. EBITDA grew by 10.2% Y-O-Y to `72.7crs in Q4FY17. EBITDA margins expanded by ~160 bps Y-O-Y to 16.1%. Margin expansion was primarily due to increase in contribution of MDF to the total mix. Gross margins expanded by ~470 bps on account of improvement in...