Strong Performance with Market Share Gains: Net sales for the quarter ended December 2016 were Rs.16221 mn as againstRs.14316 mn representing a 13.3% growth in value terms. Revenues have surged on back of strong growth from cables and consumer durables segment which hasgrown by 17.4% YoY and 19.0% YoY respectively. The absolute EBITDA came in at Rs.1930 mn showing a growth of 4.2% YoY with margin at 11.9% a decline of 104bps on YoY basis. The margins came short because of increase in copperprices which forms the basic raw material for Havells.