Post relaxation in lockdown, green shoots were visible with renewed customer interest in kitchen appliances, cookers segment as most people preferred home cooked food. Furthermore, certain PSK stores saw more than pre-Covid level average daily sales (10%+ in June) due to pent up demand. Due to absence of domestic help, a resurgence in demand for cleaning segment (2% of sales) was also visible. Share of e-commerce channels is likely to surge materially in FY21E (12-14% in FY20). Revenue from e-commerce space grew 2x in June YoY. TTK is the market leader on...