APL's decorative segment volume growth remained robust at ~33% YoY in Q3FY21 (11% in Q2FY21) was led by strong pent up demand post opening up of metro regions. The festive & marriage seasons aided in the volume growth during Q3. However, lower realisation is attributable to product mix (skewed towards economy products categories). For 9MFY21, sales recovery was ~97% (led by strong recovery in the decorative volume growth) to | 15,061 crore while absolute EBITDA and PAT at | 3538 crore and | 2336 crore were up by 7% and 2% YoY respectively. While demand...