Dabur India has posted weak performance in 3QFY17 owing to adverse impact of demonetisation. Its consolidated revenues fell by 6.1% to Rs18.5bn, while PAT dipped by 7.6% to Rs2.9bn. EBITDA de-grew by 12% to Rs3.3bn owing to falling revenues and lower gross margins. Trimming down revising our earnings estimates by 5%, we expect Dabur's revenue and earnings to deliver 6.5% & 9% CAGR, respectively through FY16-18E. We maintain our BUY recommendation on the stock with a...