V-Guard reported ~8% growth (13% comparable growth) in net sales at ~| 659 crore mainly led by ~19% YoY growth in consumer durable segment. However, lower-than-expected growth in stabilisers (owing to muted sales of cooling products) and pump business translated into muted sales growth in the electronics and electrical segments, respectively During Q4FY18, a sharp rise in advertisement and promotional expenses by 3.8x YoY to | 64 crore negated the impact of saving...