Q4FY21 Revenue grew by 58% YoY, on account pent-up demand. PAT grew by 110% YoY, led by strong operating performance. EBITDA margin improved by 450bps YoY to 12.9% on account of cost rationalisation and lower advertisement spends. VGIL to trade at premium valuation on account of increasing penetration in Non-south market, new product launches and expanding retail chains, strong growth in its key south market and strong balance sheet position. We might see slight hiccups in earnings due to Covid second wave. However, economic activities to normalise in Q2FY22 leading to...