realisations. Unitary EBITDA rose 16% YoY to Rs1,060 (PLe:Rs1,140). Exhaustion of capacity remains Achilles heel for HEIM. To address the same, it is expanding capacity by 0.5mnt through debottlenecking which would support 4-5% YoY growth in volumes for next couple of years. In addition, it is also exploring inorganic route to expand volumes. Despite exhausted capacity, HIEM maintained its strong earnings growth trajectory on the back of steep increase in margins. Led by better outlook on...