Symphony Ltd posted its Q2FY18 results which were above our estimates. Net revenue for the quarter was at INR 1,842.5 Mn which grew by 22.5% YoY and 42% QoQ. Mainly due to growth from sale of new products. EBIDTA for Q2FY18 stood at INR 642 Mn with margins of 34.8% which was an increase of 1,986 bps QoQ and 77 bps YoY due to lower raw material and advertisement cost during...