Sales below estimates; EBITDA and PAT exceed expectations: Marico (MRCO) posted flat consolidated net sales growth of 0.1% YoY (est. of +10.5% YoY) to INR17.5b (Ind-AS), EBITDA growth of 16.8% YoY (est. of +13.5% YoY) to INR3.7b and adjusted PAT growth of 17.2% YoY (est. of +13.1% YoY) to INR2.68b. Volume growth was 8% for both the domestic (est. of 11%) and international businesses. Domestic business reported flat revenue growth, with market shares gained/maintained across all key segments Parachute (7% volume and...