Revenue growth was in line with their expectations; affected by slowdown in rural markets and sluggish demand in urban markets .Flagship brand Bajaj Almond Drops saw volume growth of 1% vs. our expectation of 2%. NoMarks sales fell 16% as ongoing repositioning of the brand has not met with success.Margins continued to expand led by further fall in prices of key raw material – LLP PAT growth was in line with our expectations.Phillip Capital value Bajaj Corp at 23x FY18 EPS (22x earlier) at Rs 450 (Rs 440 earlier). While target multiple is at a substantial discount of 40% to the sector’s target multiple due to the Bajaj Corp's limited diversification, maintain Buy on upside potential and valuation comfort.Trendlyne has 7 reports on BAJAJCORP updated in the last year from 4 brokers with an average target of Rs 463.3. Brokers have a rating for BAJAJCORP with 1 price downgrade,1 price upgrade in past 6 months and 2 price downgrades,2 price upgrades in past 1 Year.