Prince reported strong volumes and fragile margins, while the EBITDAM and PATM saw decline in YoY and improvement in QoQ (-690 bps/-500 bps and 1,160 bps/880 bps YoY/QoQ respectively). In Q3 FY23, despite an inventory loss of ?25-30Cr, the company reported an improvement in the margins on QoQ basis on the back of 35% growth in volumes and ?13 per kg growth in price.