We also expect an impact on FY21 earnings owing to its high dependence on wholesales and on the profitable MENA business getting affected by the sharp crude price decline. sales/ EBITDA/ Adj. PAT grew 2%/ 3%/ margin contracted 260bp YoY to 18.9% (v/s est. The goal is to appeal to the millennial, increase accessibility and drive penetration through sampling and Management has identified power brands (1) together contribute ~65% of sales, but would contribute large part of Ad-spend focus on power brands would mean that even if overall ad spend rises by only ~6-7%, the increase in ad spends on power brands is likely to be in In its home and personal care portfolio where penetration is very high, the aim is to take market share from peers and plug gaps in terms of portfolio and Weak results and muted near-term outlook has led to 7.4%/9.0% decline in EPS forecasts for FY21/FY22E.