Sales grew 8% YoY to INR14.8b, in line with our estimate of INR15b. EBITDA of INR927m (+23% YoY) came in below our estimate of INR1.1b due to a miss on operating margin (-80bp YoY to 6.3% v/s est. of 7.1%). Adj. net profit rose 23.6% YoY to INR460m, below our estimate of INR602m. BLSTR's market share stood at 11.5% for FY18. For full-year FY18, sales stood at INR47.5b (+8% YoY), EBIDTA at INR2.9b (+21.3% YoY) and adj. PAT at INR1.4b (+17% YoY).