ICICI Securities Ltd | Retail Equity Research Symphony's net sales increased ~31% YoY in Q1FY17 led by ~29% YoY volume growth supported by strong pre-festive demand of centralised and residential air cooler. Also, no major price hike coupled with a slight change in the product mix in Q2 kept realisation growth under check. Domestic sales recorded growth of 31% YoY while export sales increased 46% YoY The sharp expansion in EBITDA margin by 436 bps YoY can be...