De-stocking as an initial response to GST implementation caused subdued performance; Brighter long term business prospects ahead: The company has recorded sales of Rs. 16693 Mn in Q1FY18 as against Rs.16913Mn of Q1FY17, down by 1.3% on YoY basis. During the quarter, therevenue performance was impacted due to rolling out of GST which caused destocking across the levels in the month of June 2017.