In Q3FY15, Vardhman's revenue de-grew by 3.8% to Rs. 14,674mn on a Q-o-Q basis on account of subdued demand in yarn, whereas the sales grew by 2.5% compared to Q3FY14. ? EBITDA declined by 29.7% YoY to Rs. 2,431 mn and by 7% on Q-o-Q basis. Raw material/Sales increased to 53.5% from 46.1% in Q3FY14. EBITDA margins for the quarter declined by 40 bps owing to high raw material costs.Depreciation for the quarter increased by 5.3% to Rs. 1,226 mn and 71.5% YoY.