ICICI Securities Ltd | Retail Equity Research Jyothy Labs (JLL) reported 4.3% YoY growth in net sales to | 383.9 crore (I-direct estimate: | 359.2 crore) despite the impact of demonetisation. The company was able to take immediate steps like a) switch to lower SKUs, b) higher volume push in modern trade and canteen store to minimise the impact of demonetisation Additionally, JLL cut advertisement cost and simultaneously focused on promotional spend, helping push higher volumes. On a...