VIP's Q2FY22 result was a strong beat on all parameters. Its net sales increased 2.2x YoY to Rs3.3bn. Interestingly, rising input cost, weak product mix and high ocean freight affected its gross margin which fell to 48% from 51% in Q1FY22. Nevertheless, strong growth in sales (+60% QoQ) led to EBITDA margin expansion by 200bps QoQ to...