Net sales for the quarter rose 7.3% to | 385.7 crore (I-direct estimate | 408.4 crore) on account of strong volume growth, partly offset by 23.7% YoY decline in milk prices. The company posted 36% volume growth during the quarter, largely driven by increased sale of pouch milk, ghee, cheese, curd and paneer Gross margins improved 194 bps as milk prices declined substantially during the quarter mainly due to lower global skimmed milk powder (SMP) prices. However, an increase in overhead...