significantly lower inventory write-offs. Consequently, adj. PAT increased 191.7% YoY to INR209m (est. of INR73m). Increased focus on expanding geographical presence bears fruit: The company's focus on strengthening its distribution network in the northern, eastern and western markets has started to show results, with growth of over 50% in Bihar and Orissa, >100% in Jharkhand, >200% in West Bengal, and >50% in Maharashtra and Gujarat. The company is expected to further expand its network by improving penetration via new products launches,...