Sunflame's business declined 10% YoY amid higher competition, channel weakness, and portfolio refresh delays, while benefits from ongoing sales integration are expected to materialize progressively from FY27. Early signs of a warmer season and the IMD's forecast of an intense summer reinforce management's confidence in a strong Q4 performance. Price hikes, along with seasonal volume recovery, are expected to drive earnings acceleration in FY27, particularly in the Electronics and Consumer Durables segments. We revise our FY26E & FY27E EPS estimates downward by 3.3% and 12.0%, respectively, reflecting lower-than-expected revenue growth and a reset in margins based...