(Ocean freight 200%, Crude oil 80%, CPO 60% and Polyethylene 40% YoY). However, we remain positive on the longer term structural story given 1) sustained market share gains 2) strong innovation pipeline 3) scale up in emerging categories (Green Tea, Fabric Conditioner, Liquid Detergents, Liquid Dishwash, Hair conditioner) and 4) distribution gains from strategies like WIMI and SHIKHAR. We expect 10.9% Sales and 13.6% PAT CAGR over FY22-24 and assign a DCF based target price of Rs 2900 (Rs 2930 earlier). We believe risk reward is favorable at 44x FY24 EPS and ~2% dividend yield. BUY....