Stable volume growth in Q2FY17 and margin expansion is expected to improve further: Jyothy Laboratories Ltd (JLL) has delivered steady volume growth of 8.0% in Q2FY17, compared to 9.0% volume growth in Q2FY16. The company has reported total income from operations at Rs.4339 Mn during this quarter, clocking 6.6%growth YoY compared to Rs.4072 Mn in Q2FY16. The companys EBITDA margin decreased by 281 bps to arrive at 14.7% due to increase in other expenses and advertisement & Sales promotion expenses during the quarter when comparedwith 17.5% during Q1FY17.