ICICI Securities Ltd | Retail Equity Research Pidilite recorded muted sales growth of 0.8% YoY in Q3FY17 due to adverse impact of demonetisation. Company recorded decline in volume by 0.7% YoY led by 1.5% YoY dip in volume of Consumer & bazaar (C&B;) segment. Industrial segment sales were declined by ~4% YoY as volume growth of 4% YoY was completely offset by decline in realisation by 7-8% during Q3FY17. EBITDA margin declined 33 bps YoY as saving in raw material cost...