Marico reported revenues of Rs14.8bn, a growth of 3.8% yoy, lower than our estimate of Rs15.9bn. EBITDA came in at Rs2.3bn vs. estimate of Rs2.4bn. However net profit was ahead of estimate by 3% at Rs1.5bn. Overall volume growth for the quarter stood at 4.4%. Based on expected EPS of Rs13 in FY17E, the stock is trading at P/E multiple of...