Net profit excluding exceptions and one-off items stood at INR4b (according to the press release). comparable (adjusted for Europe business divestment and excluding one-offs) CC sales grew 4% YoY in 4QFY19, with the India business staying flat. Household Insecticides sales declined 1% YoY and 6% YoY respectively while Hair color sales increased 7% YoY. Management attributed the subdued performance to general slowdown and delayed summer. gross margin shrank 30bp YoY to 58.7%. Lower ad spends as a percentage of sales (-80bp YoY to 6.4%) were offset by higher staff costs (+20bp YoY to 11%) and other expenses (+60bp YoY). Consequently, the EBITDA Sales, EBITDA and adj.