Nilkamal's (NILK) Q2FY18 revenue came below expectation while EBITDA/PAT was 17%/9% ahead of our expectation on the back of lower raw material costs. It reported 4% volume and 2% value de-growth in plastic division due to GST. Revenue declined 0.8% YoY to Rs.4.6bn, EBITDA margin expanded 138bps YoY to...