Domestic Business Shines albeit on a Lower Base Benefiting from lower base effect and pipeline refilling post GST roll-out, Dabur India's 2QFY18 numbers marginally exceeded our estimates. While consolidated net sales came in at Rs19.6bn vs. our estimate of Rs19.4bn, its net profit grew by 1.3% YoY to Rs3.6bn vs. our estimate of Rs3.5bn. Underlying consolidated revenue growth in constant currency terms stood at a healthy...