c.46% yoy on the back of strong recovery in the consumption scenario with gradual opening up. 194 bps on yoy basis. VGIL has been quick in passing on its price increase on selected product categories like wires, cables and kitchen appliances; however, in the seasonal products such as water heaters and fans, there is a price transmission lag. The company is expected to take a price hike in these products in the following quarters to normalize its margin profile. Both the South and Non-South markets delivered a strong yoy growth of c.45% and c.49% respectively. Faster...