V-Guard reported 17% growth (23% comparable growth) in net sales at | 523.5 crore, (vs. I-direct estimate: ~| 525.5 crore) mainly led by 20.7% YoY growth in electrical, 17.9% YoY growth in consumer durable segment. We believe GST rate cut in many categories have propelled growth in the quarter. Electronics that mainly consists of stabilisers witnessed growth of 9.7% YoY The company witnessed a 130 bps YoY expansion in EBITDA margin to 9.4% (vs. I-direct estimate: 10.0%) in Q3FY18 mainly...