Slow Recovery in Footwear Segment Saw Improved Topline but Disappointing Margins: Mayur Uniquoters topline has marginally improved by 7.6% at Rs. 1321 Mn vs.Rs.1228 Mn on QoQ basis, while we see a 3.4% increase on YoY basis. The expenses have increased due to increase in raw material prices. PAT in Q4FY17 is at Rs.187 Mn and has decreased from Rs. 235 Mn YoY, while marginally increasingby 0.3% QoQ due to the slowdown of footwear segment from demonetization and a very slow recovery from the last 2 months.