Q2FY20 sales were up 4.5% YoY to Rs. 1,213cr. driven by a 5.0% increase in domestic sales that was in line with market expectations. Prevailing liquidity crunch in the economy and rural slowdown along with slow volume growth, negatively impacted the overall topline growth. Colgate Palmolive posted Q2FY20 EBITDA of Rs. 323cr (-2.0% YoY) while the EBITDA margin declined 180bps YoY to 26.6% on account of strong investment in advertising and promotion expenditure on the back of a difficult demand environment. PAT beat consensus estimates by 4.4% and was up 24.3% driven by the...