Footwear Slowdown Affected Q3FY17; Upcoming Plants Hold Key for Outlook: The phase of demonetization brought in a decline of 6% in general and ~ 20%fall in the domestic footwear business. EBITDA margins slacked 232 bps YoY to 25.3% due to higher other expenditure which increased 18.6% YoY. PAT was at Rs. 186 Mn down by 6.1% QoQ and 6.4% YoY; and the fall was buffered/ mitigatedto some extent by new innovations and automobiles exports.