The results were broadly in line with ourestimates. Revenues at INR271cr increased 3% YoY mainly driven by volume growth of 10%. B2B volumes jumped 21%, aided by new tie-ups with OEMs. B2C growth was at a 3% vis-a-vis industry growth of 1%. Gross margins expanded by 600bp YoY and 90bp QoQ on the back lower raw material costs....