Mayur Uniquoters Ltd. (MUL) reported better than expected Q1FY18 result. Net sales increased by 8.9% YoY while EBITDA/PAT was higher by 4.9%/4.2% YoY. The management has guided double digit sales growth with stable margins in FY18. Further, the company's PVC and PU capacity expansion plans are on track and the plants will be operational in H2FY19E.