markets (Jun21 exhibited growth over Jun19) and remains confident of restoring industry leading margins through 1) pricing actions (5-6% in 1Q) 2) improving business mix 3) cost saving program (Project Unnati: Rs38cr saving in 1Q22) and 4) commodity actions (advance booking of key RM at lower prices). With commodity prices stabilizing over past 1-2 months, we believe worst seems over and expect QoQ margins improvement from 2Q22. We remain structurally positive on CROMPTON for longer term given 1) market share gains across core categories of Fans, Pumps and LED lights 2)...