Net sales de-grew by 14% Y-O-Y to `358.8crs in Q3FY17.Growth was impacted due to demonetisation measures. Plywood sales reported a de- growth of 9.1% (on a net basis). Volume de-growth in the plywood segment was at 6.8% in Q3. MDF sales declined by25.6% to `95.85crs in Q3FY17. MDF segment reported volume de-growth of 22.9%. Wallpapers contributed ~`2.68crs to topline in Q3. EBITDA declined by ~25% Y-O-Y to `48.5crs in Q3FY17. EBITDA margins contracted by ~133bps Y-O-Y to 14.3%. Margin contraction was a trickle-down impact of de-growth of topline and higher ad expenditure to sales, whichwas at 3.1% in Q3FY17 compared to...