16 January 2019 driven by inventory gain and better realizations. Adj. PAT grew 74.8% YoY to 12.8%/78.3% YoY, with margin expansion of 310bp YoY to 20.9%. Volumes grew strongly in both the bed linen (+41.7% YoY) and bath linen (10.1% YoY) segments. Realization, too, was up by a healthy 15%/8% YoY in bed/bath linen. In the paper segment, a better product mix and price increases more than offset the impact of the 10% YoY volume decline, resulting in overall value growth of 15.7% YoY (implying ~26% YoY realization growth). The only drag to the margins came from yarn due to a decline in the spread (as cotton cost rose ~10% YoY, but realization increased merely by 5% YoY). TRID sustained its momentum in the bed linen (utilization of 60% in 9MFY19) and paper segments (EBIT margin up 910bp YoY to 38.