Daburs 4QFY15 total income grew by 10.2% YoY backed by 8.1% volume growth in domestic FMCG business (vs. expectation of 7%). However, global business continues to remain under pressure with a mere 7% growth (8.8% constant currency growth). EBITDA margin expanded 104bps YoY to 17.7% aided by lower COGS.