Emami's consolidated revenue grew by ~5% y-o-y in Q2FY2020, as international business grew by a strong ~20% (organic growth was 7%). Domestic business grew by just 3.4% with volumes remaining flat. Healthcare and male grooming range continued to underperform and Kesh King saw a dip in revenue due to weak demand. The Boroplus range and 7 oils in one saw strong double-digit growth in revenue led by company initiatives undertaken in the past 3-4 quarters. Sequential improvement in rural sales and higher winter sales might result in lowdouble-digit revenue growth in H2FY2020 (management expects it...