Marico's 2QFY18 sales grew 6.7% YoY to INR15.4b (est. of INR16.4b). Domestic volume growth stood at 8% YoY (in-line), while overall volume growth was 5% YoY. Domestic revenues grew 12% YoY, while reported international revenue fell 8% YoY (1% growth on a constant currency basis). Consol. gross margin contracted 570bp YoY to 47.0%, mainly as copra costs were up 84% YoY. EBITDA margin shrunk 70bp YoY (est. of -110bp) to 16.9%, and EBITDA increased 2.4% YoY to INR2.59b (est. of INR2.66b). Adj. PAT increased 2.5% YoY to INR1.85b (est. of INR1.95b)....