ICICI Securities Ltd | Retail Equity Research JLL launched 100% natural and chemicals free incense stick - Maxo Agarbatti in Q2FY19. The mosquito repellent incense stick category has posted 101% revenue CAGR in last three years with a size of | 385 crores (YTD CY18). The market currently consists of hundreds of local brands of which many are illegal/unorganised and use harmful pesticides. With high growth and huge popularity being witnessed in this segment, we believe JLL has made the right move to capture the opportunity by foraying into...