Tiles volume grew by 6% YoY in 3QFY18 compared to 4% YoY in 2QFY18 and 1% YoY in 3QFY17. Sanitary and Bath Fittings reported 37% YoY growth in revenues to Rs370mn. In terms of tiles mix, Ceramic Tiles accounted for 45%, while PVT and GVT accounted for 35% and 20%, respectively. As per the Management, GVT segment witnessed price correction of 5%, while the prices of Ceramic Tiles and PVT remained largely constant. EBITDA margins fell by 220bps YoY to 6.6% mainly due to low operating leverage and higher gas prices. SCL operates in Haryana,...