Rural momentum building up remarkably; market share issues getting addressed Dabur's 2QFY18 consolidated sales declined 1.1% YoY to INR19.6b (est. of +2.5%). EBITDA grew 2.7% YoY to INR 4.2b (est. of +5.5%). Adj. PAT increased 1.3% YoY to INR3.6b (est. of +6.7%). Domestic FMCG business sales grew 10.7% YoY, led by volume growth of 7.2% (est. of +10%). Oral care, foods, hair oil and health supplements reported GSTadjusted growth of 22.8%, 11.7%, 2.3% and 3%, respectively. International sales grew 3.9% in constant currency (CC) terms. Consol. EBITDA margin expanded 80bp YoY to 21.4% (est. of 21.0%). Gross...