We believe standalone volume growth in Q3 and 9MFY20 was on a low base and inventory build-up at dealer's level. According to the management, the company witnesses strong demand traction of residential coolers across channel partners in India. The management also reiterated that domestic demand is likely to remain robust with the start of summer in the coming months. Hence, FY20 is likely to close on a strong note. However, on the international subsidiaries, GSK China reported a revenue decline for Q3FY20 and 9MFY20 to 27% and 21% YoY to | 8 crore and | 37 crore, respectively....