Henkel option agreement lapsed; operating performance below expectation Consol. net sales grew 4.3% YoY to INR4.3b. Reported power brand sales grew just 0.8% YoY. EBITDA rose 11.3% YoY to INR709m (est. of INR741m). Adj. PAT after non-controlling interest (NCI) grew 48.5% YoY to INR476m (est. of INR476m). Fabric care and Mosquito repellent fell 6.2% and 4.4% YoY, respectively. Dishwashing segment was flat and Personal care grew 38.9% YoY. Consol. gross margin contracted 90bp YoY to 48.1%. Other expenses declined sharply by 230bp YoY, while staff costs and A&P; rose 10bp and 40bp,...